Focal Competency: Using basic economic concepts to influence decision-making
1.define economics;
2.differentiate between micro economics and macroeconomics;
3.explain the basic concepts of Economics;
4.state the importance of Economics;
5.explain why Economics is a science.
Focal Competency: Identifying economic problems and suggesting solutions
1.identify the basic economic problems;
2.analyze the basic economic problems.
Focal Competency: Differentiating the economic systems
2.identify different types economic systems and their features;
3.evaluate the advantages and disadvantages of the different economic systems;
4.analyze the features of each economic system and give an example of countries that have practiced/ practicing each economic system.
Focal Competency: Collecting and organizing data; using economic tools to interpret and analyze data for decision making
1.explain data collection methods;
2.describe data using frequency distribution graph and tables;
3.demonstrate changing raw data into info graphics;
4.compute the measures of central tendency. .
Focal Competency: Identifying the features, forms and functions of money
1.Engage in a group discussion on the meaning and evolution of money.
2.Individually sort and match the different pictures of money according to the classification.
3.Engage in group design of a currency and include all the key features, then present their currency to the class. • Pictures of commodity money and other forms of money. • Samples of different currency denominations. • Flashcards of different forms of money. Students to:
1.discuss the meaning of money;
2.discuss the evolution of money;
3.explain three traditional and modern forms of money;
4.describe the features of and functions of money.
Focal Competency: Analyzing the necessity of savings to make informed decisions
1.Participate in group discussion on the meaning, importance and types of savings.
2.Individually design a hypothetical savings plan for a specific period of time. • Electronic devices • Rulers • Cardboards Students to:
1.state the meaning and types of savings;
2.discuss why savings is important;
3.identify basic determinants of savings;
Focal Competency: Identifying business ideas to carry out business activities in real life
1.explain the meaning of business Organization;
2.outline the different forms of business Organization;
3.state the merits and demerits of each form of business Organization;
4.outline the steps involved in registering business Organizations in Nigeria.
Focal Competency: Identifying factors affecting population growth and distribution
1.Engage whole class discussion on population, population growth and distribution.
2.Form a group and engage in a debate on the merits and demerits of population growth.
3.Develop an information cards on factors affecting population growth and distribution. • Textbooks. • Map of Nigeria showing population density. • Internet. • Electronic devices. Students to:
1.define population, population growth and population distribution;
2.explain the classifications of population;
3.discuss the merits and demerits of population growth;
4.identify factors affecting population growth and distribution.
Focal Competency: Identifying factors affecting population growth and distribution
1.Participate in group discussion on the meaning of population census
2.Participate in group discussion on the meaning of population census
3.Watch videos on how population census is being conducted and identify the challenges of conducting population census. • Internet. • Video clips. • Electronic devices. • Sample of population census guide and brochure. • National Bureau of Statistics (NBS) Demographic Statistics Bulletin. • Map of Nigeria showing population density. Students to:
1.explaining the meaning of population census;
2.explain why census is conducted;
3.mention at least five challenges of conducting population census.
Focal Competency: Analyzing the challenges of the different economic sectors, and proffering possible solutions
1.explain the structure of the Nigerian economy;
2.describe the sectors of the Nigerian economy;
3.identify the contributions of the Nigerian economic sectors;
4.discuss the challenges facing each economic sector and suggest possible solutions.
Focal Competency: Analyzing the contributions of the agricultural sector to national development
1.Participate in group discussion on the meaning, and components of agriculture.
2.Role plays the different methods of agricultural practice, explaining how it works and the tools used while the others guess the methods used based on the clues given.
3.Prepare presentations on the observations made during field trip to the different components of agricultural practices.
4.Watch clips on difference components of agricultural practice and discuss them. • Agricultural tools and equipment. • Pictures of farms, plantations, orchards and agricultural tool/equipment • Video clips or pictures to demonstrate different forms of agricultural practices. Students to:
1.explain the meaning of agriculture;
2.discuss three components of agriculture;
3.discuss the method of agricultural practices;
4.identify the contributions of agriculture to national development;
5.discuss the challenges of agriculture.
Focal Competency: Analyzing the efficiency of the factors of production within the real life economic contexts
2.identify the factors of production and their characteristics;
3.explain the difference between division of labour and specialization;
4.identify the merits and demerits of division of labour;
5.differentiate between small- and large-scale production.
Focal Competency: Using the dynamics of the forces of demand and supply to analyze real life market situation
1.define demand and supply;
2.construct and interpret demand and supply schedules;
3.draw and label demand and supply curves, showing the relationship between price and quantity;
4.state the laws of demand and supply with the aid of diagrams and explain factors that affect demand and supply;
5.using a given set of data, determine the equilibrium price and quantity of a given product
Focal Competency: Analyzing the dynamics and effectiveness of the distribution channel of goods and services in real life
1.explain the meaning of trade and its types;
2.discuss the importance (merits and demerits) of domestic and foreign trade to the economy;
3.explain the differences between domestic and foreign trade;
4.discuss the distribution channels in trade;
5.demonstrate how buying and selling (Trade activities) are being conducted;
6.draw and discuss the distribution channels in trade.
Focal Competency: Utilizing ICT to enhance learning
1.explain the meaning of ICT;
2.identify the role of ICT in economic activities;
3.Discuss the merits and demerits of ICT in economic activities;
4.interpret the behaviour of a given set of data.