SS2 First Term Economics Lesson Note and Scheme of Work

Subject: Economics

Class: SS2 (Senior Secondary 2)

Term: First Term

Week 1: Introduction to Economics

Lesson: Basics of Economics, definition, and scope.

Activity: Group discussion on real-life economic scenarios.

Week 2: Fundamental Economic Concepts

Lesson: Understanding scarcity, choice, and opportunity cost.

Activity: Case study analysis of economic decision-making.

Week 3: Demand and Supply

Lesson: Principles of demand and supply, market equilibrium.

Activity: Simulation game on supply and demand dynamics.

Week 4: Market Structures

Lesson: Perfect competition, monopoly, oligopoly, and monopolistic competition.

Activity: Group project – analyze a specific market structure.

Week 5: National Income

Lesson: Concepts of GDP, GNP, and NNP.

Activity: Data analysis of a country’s economic indicators.

Week 6: Unemployment and Inflation

Lesson: Causes, types, and impact on the economy.

Activity: Class debate on government policies to address unemployment and inflation.

Week 7: Money and Banking

Lesson: Functions of money, central banking system.

Activity: Field trip to a local bank for practical understanding.

Week 8: Fiscal Policy

Lesson: Government taxation and spending for economic stability.

Activity: Budgeting exercise with real-world scenarios.

Week 9: Monetary Policy

Lesson: Role of central banks, interest rates, and money supply control.

Activity: Analysis of the impact of monetary policy on inflation and unemployment.

Week 10: International Trade

Lesson: Benefits, challenges, and theories of international trade.

Activity: Model United Nations – simulate global trade negotiations.

Week 11: Revision Week

Lesson: Comprehensive review of all topics covered.

Activity: Quiz and peer teaching sessions.

Week 12: Examination Week

Formal written examination covering all topics studied.

Week 13: School Dismissal Week

Recap and summary of the term’s learnings.

Distribution of report cards.

Closing ceremony and dismissal.