Scheme of work ,1st Term

 

 

-Introduction to economics .

-Basic concepts

Basic tools of economics  analysis: Graphs,charts & tables.

Basic tools of economic analysis 2: measures of central tendencies.

– The concepts of demand and supply

– Meaning  & types of production, factors of production

-Division of labour and specialisation

– Scales of Production

– SS1 Economics Examination.

 

 

Scheme of work ,2nd Term.

– Economics systems: Capitalism, socialism & Mixed economy.

– Basic economic problem of every society

– Firms & Industry: Private & public  companies.

– Firms & Industry Quotes & unquoted  companies

Firms & industries : shares debentures & bonds.

Population; meaning of population, population growth and size.

population theory: Malthusian theory of population; Demography transition theory.

distribution of population census.

Second term examination

 

To be continued.

 

 

Lessons

YHWH YESHUA HAMASCHIAC School, SS1 First/ (YHWH HAMASCHIAC’S DAY) Christmas Term, Economics, Lesson 2. Basic Tools of Economics Analysis: Macro Versus Micro Economics . 2021/2022.

Author: Chinwe

  Basic Tools of Economics Analysis: Macro Versus Micro Economics .   Example: Microeconomics studies the factors that determine the prices and quantities of a product (say cement) of cement factory. Economic analysis is divided into two main branches: microeconomics and macroeconomics. These two branches are important for scarcity problem. Greek word Micro means ‘small’. ….  Read More

HA’YHWH YESHUA HAMASCHIAC SCHOOL, SS1 2nd Term, Economics, Lesson 1. Meaning/Types of Production and Factors of Production.2022/ 2023 Academic Year.

Length: 10 minutesAuthor: ChinweComplexity: Easy

Class please kindly check Revision of last  term work as you go through SS1 first term lesson in Economics  2022 here.   Today’s lesson: Meaning/ Types of Production  and Factors of Production.   Meaning of Production: Since the primary purpose of economic activity is to produce utility for individuals, we count as production during a ….  Read More

HA’YHWH YESHUA HAMASCHIAC SCHOOL, SS1 2nd Term, Economics, Lesson 2. Factors of Production in Detail.2022/ 2023 Academic Year.

Length: 10 minutesAuthor: ChinweComplexity: Easy

    Factors of Production:   What are factors of production? Factors of production are resources that are the building blocks of the economy; they are what people use to produce goods and services. Economists divide the factors of production into four categories: land, labor, capital, and entrepreneurship.     (1) Land and Natural Resources: ….  Read More

HA’YHWH YESHUA HAMASCHIAC SCHOOL, SS1 2nd Term, Economics, Lesson 3. Division of Labour and Specialisation.2022/ 2023 Academic Year.

Length: 10 minutesAuthor: ChinweComplexity: Easy

Senior Secondary 1; Economics  Lesson Topic: Division  of Labour  and Specialisation   Let us make an in-depth study of the Division of Labour in Economics. In This lesson, we will be looking at the following: 1. Meaning of Division of Labour. 2. Definition of Division of Labour. 3. Essential Conditions. 4. Different Forms  of Labour. ….  Read More

HA’YHWH YESHUA HAMASCHIAC SCHOOL, Resurrection /2nd Term, SS1 Economics Lesson 5. – Economics systems: Capitalism, socialism & Mixed economy. 2023.

Length: 10 minutesAuthor: ChinweComplexity: Easy

    Introduction .   An economic system is a means by which societies or governments organize and distribute available resources, services, and goods across a geographic region or country. Economic systems regulate the factors of production, including land, capital, labor, and physical resources. An economic system encompasses many institutions, agencies, entities, decision-making processes, and patterns ….  Read More

HA’YHWH 🛐 YESHUA HAMASCHIAC 🛐 SCHOOL, Resurrection /2nd Term, SS1 Economics Lesson 6. Earth Economic systems (2) Other Major Types. 2023.

Length: 10 minutesAuthor: ChinweComplexity: Easy

Economic systems are grouped into traditional, command, market, and mixed systems. Traditional systems focus on the basics of goods, services, and work, and they are influenced by traditions and beliefs. A centralized authority influences command systems, while a market system is under the control of forces of demand and supply. Lastly, mixed economies are a combination of command and market systems.

HA’YHWH🛐 YESHUA 🛐HAMASCHIAC🛐 SCHOOL, Resurrection /2nd Term, SS1 Economics Lesson 7. Earth Economics (3): The Basic Economic Problems of any Society.

Length: 10 minutesAuthor: ChinweComplexity: Easy

  If there is a central economic problem that is present across all countries, without any exception, then it is the problem of scarcity. This problem arises because the resources of all types are limited and have alternative uses. If the resources were unlimited or if a resource only had one single use, then the economic problem ….  Read More

HA’YHWH🛐 YESHUA 🛐HAMASCHIAC🛐 SCHOOL, Summer/3rd Term, SS1 Economics, Lesson 1. Firms & Industry: Private & Public Companies-Introduction.

Length: 10 minutesAuthor: ChinweComplexity: Easy

    Topics to be treated Firms & Industry: Private & public  companies. – Firms & Industry Quotes & unquoted  companies Firms & industries : shares debentures & bonds.   What is a firm? A firm is more or less similar to the concept of a business establishment. The term is mostly used in relation ….  Read More

HA’YHWH🛐 YESHUA 🛐HAMASCHIAC🛐 SCHOOL, Summer/3rd Term, SS1 Economics, Lesson 1. Firms & Industry: Private and Public Companies- ’23

Length: 10 minutesAuthor: ChinweComplexity: Easy

        Topics to be treated Firms & Industry: Private & public  companies. – Firms & Industry Quotes & unquoted  companies Firms & industries : shares debentures & bonds.   What is a firm? A firm is more or less similar to the concept of a business establishment. The term is mostly used ….  Read More

HA’YHWH🛐 YESHUA 🛐HAMASCHIAC🛐 SCHOOL, Summer/3rd Term, SS1 Economics, Lesson 2. Firms & Industry: Quote and unquoted Companies- ’23

Length: 10 minutesAuthor: ChinweComplexity: Easy

     Firms & Industry: Quote and unquoted Companies.     What does Quoted and unquoted company mean? A quoted company means a company who has its equity share capital officially listed on a particular stock exchange while an unquoted company is one that does not.   What does Quoted and unquoted company mean? A ….  Read More

HA’YHWH🛐 YESHUA 🛐HAMASCHIAC🛐 SCHOOL, Summer/3rd Term, SS1 Economics, Lesson 3. Financial Institution

Length: 0 minutesAuthor: Chinwe

              Financial Institutions Lessons: Segments of financial Institutions          What Is a Financial Institution (FI)? A financial institution (FI) is a company engaged in the business of dealing with financial and monetary transactions such as deposits, loans, investments, and currency exchange. Financial institutions include a broad range of ….  Read More

HA’YHWH🛐 YESHUA 🛐HAMASCHIAC🛐 SCHOOL, Summer/3rd Term, SS1 Economics, Lesson 4. Capital Markets and Money- Introduction.’23.

Length: 10 minutesAuthor: ChinweComplexity: Easy

  Financial Market And Money. A financial market is a place where buyers and seller come together to trade in financial assets such as bonds, stocks, derivatives, currencies and commodities. The main objective of a financial market is to fix prices for global trade, increase capital and transfer risk and liquidity. Although, the financial market ….  Read More

HA’YHWH🛐 YESHUA 🛐HAMASCHIAC🛐 SCHOOL, Summer/3rd Term, SS1 Economics, Lesson 5. Money and Capital Markets – Benefits, Features and Types.

Length: 10 minutesAuthor: ChinweComplexity: Easy

  Money and Capital Markets – Benefits, Features and Types.     Features of Money Markets Enumerated Below 👇     Features  and or Benefits of Money Markets. A few general money market features are: Money market  is fund-term market funds. It’s maturity period up to one year. It trades with assets that can be ….  Read More