SS3 Economics Lesson Note (First Term) 2024

Many Tutors have searched online for the approved and updated first term lesson note for SS3 Economics for 2024 but are still yet to get their hands laid on reasonable material. This post contains the complete Economics first term lesson note for SS3 students. If you are a parents, guardian or Tutor, this piece of vital information is for you. Here you will get all you need to know as a tutor, all the required topics and objective of the first term lesson note for Economics for SS3 students.

Please note that the first term lesson note is curled out from the government approved scheme of work for Senior Secondary school. So you can do your verification as well and compare the first term lesson note for SS3 Economics as seen on the free PDF file made available towards the end of this post.

SS3 Economics Lesson Note (First Term) [year] 1

The SS3 Economics lesson note for first term is in line with the 2024 SS3 Economics scheme of work for the term. This means the SS3 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 SS3 first term lesson note was drafted from:


Economics lessons from the Asian Tigers, Japan, Europe and

Economics lessons from the Asian Tigers, Japan, Europe and America 2

Human Capital Development

Petroleum and the Nigeria Economy

Economics SSS3 First Term Mid-Term Assessment


Service Industries

Agencies that regulates the financial markets

Functions and Roles of Regulatory Agencies

International Trade

International Trade (2)

Economics SSS3 First Term Final Assessment


Manufacturing and Construction


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

  • Explain the factors that account for the rapid development of those countries in South East Asia
  • Explain the meaning of the Japanese miracle
  • Differentiate between the development strategies of Asian Tigers, Japan, Europe and America.
  • Identify the lessons for Nigeria
  • Define human capital.
  • Explain the factors affecting the efficiency of human capital
  • Distinguish clearly between human and physical capital
  • Define brain drain.
  • State the growth of the petroleum industry in Nigeria.
  • Discuss adequately the impact (positive and negative) of petroleum on the Nigeria economy
  • Explain the role of N.N.P.C AND OPEC in the production and marketing of petroleum products.




The above are what is expected of a SS3 student to know and be able to understand with ease. The SS3 Economics first term lesson note here is aided with images so it makes it easier not just for the students but for the teachers too.

I have made the SS3 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.

SS3 Economics First Term Lesson Note 2024

To get the updated SS3 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 government approved SS3 Economics first term lesson note for 2024 if you have any and I will be glad to assist.

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