Secondary School Lesson Notes and Scheme of Work

SS3 First Term Economics Lesson Note and Scheme of Work

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SS3 First Term Economics Lesson Note and Scheme of Work


Week 1: Introduction to Economics


Lesson: Basics of Economics, Definition, and Scope

Activity: Class discussion on everyday economic activities

Week 2: Economic Systems


Lesson: Types of Economic Systems (Capitalism, Socialism, Communism)

Activity: Group presentation on real-world examples of economic systems

Week 3: Demand and Supply


Lesson: Understanding Demand and Supply, Factors affecting them

Activity: Market simulation game to illustrate demand and supply dynamics

Week 4: Elasticity of Demand and Supply


Lesson: Price Elasticity, Cross Elasticity

Activity: Analyzing real-world examples of price changes and their impact

Week 5: Market Structures


Lesson: Perfect Competition, Monopoly, Oligopoly, Monopolistic Competition

Activity: Research and presentation on different market structures

Week 6: Money and Banking


Lesson: Functions of Money, Central Banks, Commercial Banks

Activity: Simulation of a banking system within the class

Week 7: Inflation and Unemployment


Lesson: Causes and Effects of Inflation and Unemployment

Activity: Case study analysis of a country’s economic challenges

Week 8: Fiscal Policy


Lesson: Government Spending, Taxation, Budgeting

Activity: Designing a hypothetical government budget

Week 9: Monetary Policy


Lesson: Role of Central Banks, Interest Rates

Activity: Analyzing the impact of interest rate changes on businesses and consumers

Week 10: International Trade


Lesson: Benefits and Challenges of International Trade

Activity: Debates on the pros and cons of globalization

Week 11: Revision Week


Review of all topics covered, Q&A sessions

Week 12: Examination Week


Formal written examination on the entire term’s content

Week 13: School Dismissal Week


Recap of the term’s key learnings, distribution of progress reports

Closing ceremony and acknowledgment of outstanding students.

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