SS1 Economics Lesson Note (First Term) 2024

The lesson note for SS1 Economics first term is now available for Tutors, parents, guardians and students who have been searching for an accurate and updated 2024 note.

Please note that the first 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 first term lesson note for SS1 Economics as seen on the free PDF file made available towards the end of this post.

SS1 Economics Lesson Note (First Term) [year] 1

The SS1 Economics lesson note for first term is in line with the 2024 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 first term lesson note was drafted from:



  1. Meaning of Economics.
  2. Economics as a Science, Arts or Social subject.
  3. Basic Concept of Economics.
  4. Importance of Opportunity Cost to an Individual, Firms and the Government.
  5. Basic Economic Problems of the Society.
  6. Basic Tools for Economics Analysis.
  7.   Data Collection and Presentation.

8    Theory of Production.

  1.   Land as a Factor of Production.
  2. Labour as a Factor of Production
  3. Revision.

12 & 13. Examination.


At the end of the lesson, the students should be able to understand the following concepts:

  • Definition and meaning of Economics
  • The scope of Economics
  • Why do we study economics?
  • Is Economics a science, Art or social subject?
  • Career prospect for studying economic.
  • Concepts of wants and scarcity
  • Choice and scale of preference
  • Opportunity cost.
  • What to produce?
  • How to produce?
  • For whom to produce
  • How to achieve effective use of resources?

The above are what is expected of a SS1 student to know and be able to understand with ease. The SS1 Economics first 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 first 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 first term lesson note for first term.

SS1 Economics First Term Lesson Note 2024

To get the updated SS1 Economics first term lesson note for 2024 please see the download button below. You can save to your personal device so it can be accessed anytime.


I hope the above has helped? Please feel free to ask questions as regards the Economics approved SS1 Economics first term lesson note for 2024 if you have any and I will be glad to assist.

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