SS3 Second Term Economics Senior Secondary School Lesson Note
Scheme Of Work
Week One: Economic Growth and Development
Week Two: Economic Development Planning
Week Three: International Economic Organization
Week Four: Current Economic Plans
Week Five: Economic Development Challenges
Week Six: Economic Reforms Programme
Economics Lesson Note for SS3 Second Term
Below are the 2022 complete SS3 Second Term Economics Lesson Note
Week One: Economic Growth and Development:
INTRODUCTION:
Economic growth can be defined as an increase in the real per capital income of an economy. By increase in the real per capital income, we mean economic improvement in real terms per person in the economy. Economic development on other hand focuses on the improvement of the standard of living of the citizen and their quality of life. To learn more, click here.
Week Two: Economic Development Planning
INTRODUCTION:
Economic Development planning has to do with the policies made by the government of a country to ensure rapid economic development across all the sectors of an economy. In other words, it typically entails holistic distribution of economic resources to every sector of an economy. To learn more, click here.
Week Three: International Economic Organization
INTRODUCTION:
Ecowas is a sub-region organization formed by fifteen West African countries in 1975. Lagos was originally its headquarters before it was moved to Abuja. It now has sixteen member states as a result of the inclusion of Cape Verde. Ecowas’ main aim is to promote economic cooperation among members geared towards the development of the sub-region and African continent. To learn more, click here.
Week Four: Current Economic Plans
INTRODUCTION:
Vision 2020 is an expression of long-term objectives hoped to launch Nigeria unto the path of sustained social and economic development by the year 2020. Simply put, vision 2020 is a document that proposes how Nigeria can become one of the top twenty most developed nations in the world by the year 2020.
What are the Objectives of Vision 2020?
1. To maintain GDP growth at an average of 13.8% this will be driven by non-oil sectors like the agriculture and industrial sector.
2. To increase the life span of an average citizen to 70 years. To learn more, click here.
Week Five: Economic Development Challenges
INTRODUCTION:
Nigeria has a lot of economic challenges, chief among which is poverty. And as you may well know, poverty is a state of extremely impoverishment and lack. In other words, people are categorised as poor when they are unable to afford basic necessities for themselves. In Nigeria, millions of people are poor; completely unable to afford basic needs of everyday living such as food, housing and clothing. The situation seems to get worse every passing day and unfortunately, the Government has not taken any actual [functional] steps towards addressing it. To learn more, click here.
Week Six: Economic Reforms Programme
INTRODUCTION:
Economic Reforms are policies adopted toward achieving improvement in the economy. The policies can either be aimed at reducing the size of the government or privatizing government-owned firms. It can also be about re-adjusting tax policy. To learn more, click here.
