The lesson note for SS1 Economics third term is now available for Tutors, parents, guardians and students who have been searching for an accurate and updated 2025 note.
Please note that the third term lesson note is curled out from the approved scheme of work for Senior Secondary school. So you can do your verification as well and compare the third term lesson note for SS1 Economics as seen on the free PDF file made available towards the end of this post.
The SS1 Economics lesson note for third term is in line with the 2025 SS1 Economics scheme of work for the term. This means the SS1 Economics lesson note is tailored towards achieving the aim and objective for the subject as mandated by the ministry of education.
Below is The Economics Scheme of work from which the Economics SS1 third term lesson note was drafted from:
SCHEME OF WORK
WEEK TOPIC
Week 1 REVISION OF SECOND TERM UNIFIED EXAMINATION
- DISTRIBUTIVE TRADE
- MEANING
- CHANNEL OF DISTRIBUTION
- PROCESS OF DISTRIBUTION
- WHOLESALES (FUNCTIONS TO PRODUCERS AND RETAILERS)
- RETAILERS (FUNCTIONS TO WHOLESALES AND CONSUMERS)
Week 2
MIDDLE MEN
- ARGUMENT FOR OR AGAINST THE ELIMINATION OF MIDDLEMEN
- PROBLEMS OF PRODUCT DISTRIBUTION IN NIGERIA
- WAYS OF IMPROVING THE SYTEM OF DISTRIBUTION OF CONSUMER GOODS IN NIGERIA
- ROLES OF GOVERNMENT AGENCIES IN PRODUCT DISTRIBUTION
WEEK 3
MONEY
- DEFINITION OF MONEY AND ITS ORIGIN
- TRADE BY BARTER SYSTEM AND ITS DEFICIENCIES
- TYPES OF MONEY (INCLUDING CREDIT CARD, VALUE CARD, ICT,AIDER PAYMENT INSTRUMENTS SUCH AS ATM,CASHLESS TELLER MACHINE, QUICK TELLER, PAGA,ETC.)
- CHARACTERISTICS OF MONEY
- FUNCTIONS OF MONEY
WEEK 4
FINANCIAL INSTITUTIONS
- MEANING OF FINANACIAL INSTITUTIONS
- TYPES (TRADITIONAL, COMMERICAL BANKS, MEANING, FUNCTIONS AND CREATION
- OF CREDIT AND ITS LIMITATION
WEEK 5
CONCEPT OF DEMAND AND SUPPLY
DEMAND
- MEANING OF DEMAND
- LAW OF DEMAND
- SCHEDULE AND CURVE
- TYPES OF DEMAND
- FACTORS AFFECTING DEMAND
WEEK 6 SUPPLY
- MEANING OF SUPPLY
- LAW OF SUPPLY
- SCHEDULE AND CURVE
- TYPES OF SUPPLY
- FACTORS AFFECTING SUPPLY
WEEK 7
EQUILIBRUM PRICE/PRICE DETERMINATION
- MEANING
- USE OF HYPOTHETICAL SCHEDULE AND GRAPH TO DETERMINE EQUILILBRIUM PRICE
- CALCULATION FROM HYPOTHETICAL TABLE FROM EQUATIONS OF DEMAND AND SUPPLY.
- MEANING AND FUNCTIONS OF THE PRICE SYSTEM AND OTHER MEANS OF DETERMINING PRICES.
WEEK 8
THE NATURE OF THE NIGERIA ECONOMY
- GENERAL OVERVIEW OF THE NIGERIA ECONOMY
- NATURE AND STRCTURE OF INDUSTRIES IN NIGERIA
- CONTRIBUTIONS OF PRIMARY, SECONDARY AND TERTIARY SECTOR
- EXPALIN ECONOMIC ACTVITIES OF THE SIX – GEO POLITICAL ZONES
WEEK 9
AGRICULTURE
- MEANING
- COMPONENTS/STRUCTURE
- SYSTEMS OF AGRICULTURE
- CONTRIBUTIONS TO THE ECONOMY
- PROBLEMS AND SOLUTIONS OF AGRICULTURE
- AGRICLTURAL POLICIES IN NIGERIA (OFN, RBOA, NAFPP, GREEN REVOLUTION)
WEEK 10
MINING
- MEANING
- COMPONENTS OF THE NIGERIAN MINING INDUSTRY
- MINERALS (TYPES, USES AND LOCATIONS)
WEEK 11 REVISION
WEEK 12 EXAMINATION
BEHAVIORAL OBJECTIVES:
At the end of the lesson, the students should be able to understand the following concepts:
- Distributive Trade
- Middle Men
- Definition Of Money And Its Origin
- Financial Institutions
- Concept Of Demand And Supply
- Nature Of The Nigeria Economy
The above are what is expected of a SS1 student to know and be able to understand with ease. The SS1 Economics third term lesson note here is aided with graphics so it makes it easier not just for the students but for the teachers too.
I have made the SS1 Economics third term lesson note available in a PDF format for free download without any extra cost as this would ease the passage of knowledge from teachers to students without hinderances. It is a my little way of giving back to the educational sector where I belong.
All you need do is click the download button below to get the PDF file of the Economics third term lesson note for third term.
SS1 Economics Third Term Lesson Note 2025
To get the updated SS1 Economics third term lesson note for 2025 please see the download button below. You can save to your personal device so it can be accessed anytime.
DOWNLOAD SS1 3RD TERM ECONOMICS DOC File
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