Economics
Understand economic choices, markets, production and changes in the value of money.
- 01
Scarcity, choice and opportunity cost
Economics studies how people and societies use scarce resources to meet competing wants.
45 min
- 02
Demand, supply and market equilibrium
Demand is the quantity of a good that consumers are willing and able to buy at different prices during a stated period.
45 min
- 03
Production, costs and productivity
Production creates goods and services that satisfy wants.
45 min
- 04
Money, inflation and real values
Money is anything generally accepted in payment for goods and services and in settlement of debts within a community.
45 min
- 05
Economic systems and tools of analysis
Compare resource-allocation systems and interpret economic tables, graphs and simple statistics.
50 min
- 06
Consumer choice and elasticity
Explain utility, budget constraints and responsiveness of demand and supply.
50 min
- 07
Market structures and business organisations
Compare competition, monopoly and forms of business ownership using costs, incentives and accountability.
50 min
- 08
National income, population and development
Interpret aggregate output and distinguish economic growth from wider development.
50 min
- 09
Public finance, banking and stabilisation
Connect budgets, taxation, financial institutions and policy tools to their economic mechanisms.
50 min
- 10
International trade and the Nigerian economy
Analyse comparative advantage, external accounts, exchange rates and productive sectors without relying on unverified current statistics.
50 min
- 11
Economic reasoning, variation and optimisation
Use dispersion, indifference curves, production diagrams and marginal reasoning with their assumptions stated.
55 min
- 12
Circular flow, income determination and money
Connect spending, saving, investment, multipliers and the demand for money in simplified macroeconomic models.
55 min
- 13
Population, labour and factor markets
Interpret population change and explain factor rewards, mobility, unemployment and wage determination.
50 min
- 14
Agriculture, industry and natural resources
Explain productive linkages, location decisions, agricultural instability and resource-based development.
50 min
- 15
International economic institutions and cooperation
Distinguish development finance, monetary support, trade rules and regional coordination.
50 min
Expanded major-topic preparation with original explanations and practice. Detailed exam/year syllabus reconciliation and independent specialist review remain required; no claim of complete official syllabus coverage.