📈 Economics
📘 Economics study notes for every topic ›
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Economics as a science
scarcity, choice, opportunity cost and the scale of preference
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Economic systems
capitalist, socialist and mixed economies
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Methods of economic analysis
tables, graphs, mean, median and mode applied to economics
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Theory of demand
law of demand · determinants · shifts and movements
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Theory of supply
law of supply · determinants · shifts
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Price determination and elasticity
equilibrium price · price control · elasticity of demand and supply
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Consumer behaviour
utility · diminishing marginal utility · consumer equilibrium
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Theory of production
factors of production · returns to scale · division of labour
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Costs and revenue
fixed, variable, average and marginal costs · revenue concepts
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Market structures
perfect competition, monopoly, oligopoly and monopolistic competition
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National income
GDP, GNP, NNP · measurement methods and uses
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Money and inflation
functions of money · demand and supply of money · causes and control of inflation
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Financial institutions
Central Bank of Nigeria, commercial banks, money and capital markets
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Public finance
taxation types and principles · government budget · public debt
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Economic growth and development
indicators · development planning in Nigeria
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Agriculture in Nigeria
role, problems and policies
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Industry and industrialisation
location of industries · strategies · problems
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Natural resources and the petroleum sector
role of oil in Nigeria's economy · OPEC
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Business organisations
sole proprietorship, partnership, companies and cooperatives
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Population
theories · census · population structure and its economic effects
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International trade and balance of payments
comparative advantage · terms of trade · balance of payments
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International economic organisations
IMF, World Bank, ECOWAS, AfDB
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Labour market
supply of and demand for labour · wages · trade unions
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ⓘ Practice questions written by Sabipage AI from the JAMB syllabus. Not official JAMB questions.