SS1 Economics Lesson Note (Second Term) 2022

The lesson note for SS1 Economics second term is now available for Tutors, parents, guardians and students who have been searching for an accurate and updated 2022 note.

Please note that the second 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 second 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 (Second Term) [year] 1

The SS1 Economics lesson note for second term is in line with the 2022 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 second term lesson note was drafted from:

SCHEME OF WORK

WEEK 1: CAPITAL AS A FACTOR OF PRODUCTION

(MEANING, TYPES, CHARACTERISTICS, IMPORTANCE OF CAPITAL), ENTREPRENEUR AS A FACTOR OF PRODUCTION (MEANING AND FUNCTIONS.

WEEK 2: DIVISION OF LABOUR (MEANING OF ORIGIN, ADVANTAGES AND DISADVANTAGES, LIMITATIONS)

SPECIALIZATION (MEANING, ADVANTAGES AND DISADVANTAGES)

WEEK 3: SCALE OF PRODUCTION (SMALL, MEDIUM AND LARGE)

  1. MEANING OF SCALE OF PRODUCTION
  2. CHARACTERISTIC OF SCALE OF PRODUCTION(INTERNAL AND EXTERNAL ECONOMIES OF SCALE) INTERNAL AND EXTERNAL ECONOMIES

WEEK 4 FIRM AND INDUSTRY

  1. Definition of firm, plant and industry
  2. Factors that determine the size of a firm
  3. Concept of total-product(TP), marginal product (MP) and average product(AP)

WEEK 5:  Business organization

  1. Meaning and types

Sole proprietorship and partnership

  1. Their meaning
  • Characteristics
  1. Source of fund
  2. Advantages and disadvantages
  3. Contributions to the economy

WEEK 6 : Joint stock companies

  1. Private and Public liability companies
  2. Characteristics
  • Advantages and disadvantages
  1. Contributions to the economy
  2. Shares, bounds, debentures etc

WEEK 7:   Co-operation society

  1. Meaning and types
  2. Features
  • Advantages and disadvantages

WEEK 8 :  Public Enterprises

  1. Meaning and types
  2. Features
  • Reasons for setting up
  1. Advantages and disadvantages

WEEK 9: Population

  1. Definition
  2. Determinants of population size
  • Population growth, (increasing population and ageing) declining population
  1. Implication of size and growth of population

WEEK 10: Population census

  1. Definition
  2. Types
  • Importance
  1. Problems

Population structure or distribution (sex, age, geographical & occupational dis

tribution)

WEEK 11: Theories of population

  • Malthusian theory
  • Demographic transition theory
  • Population and economic development, under population, optimum & over population
  • How to control population growth
  • How to control population growth

WEEK: 12

LABOUR MARKET

DEFINITION

CONCEPT OF LABOUR FORCE

FACTORS AFFECTIONG THE SIZE OF LABOUR FORCE

MOBILITY OF LABOUR

WEEK: 12 REVISIONS AND EXAMINATION

BEHAVIORAL OBJECTIVES:

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

  • Capital As a Factor Of Production
  • Division Of Labour
  • Specialization
  • Firm And Industry
  • Business Organization
  • Joint Stock Companies
  • Co-Operation Society
  • Public Enterprises
  • Population

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

SS1 Economics Second Term Lesson Note 2022

To get the updated SS1 Economics second term lesson note for 2022 please see the download button below. You can save to your personal device so it can be accessed anytime.

DOWNLOAD SS1 2ND TERM ECONOMICS DOC File

I hope the above has helped? Please feel free to ask questions as regards the Economics approved SS1 Economics second term lesson note for 2022 if you have any and I will be glad to assist.

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