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JAMB Economics Syllabus for 2019 is out Online

Last modified about 7 days ago by . Posted in School News |

JAMB Economics Syllabus 2019 – Check JAMB latest syllabus on Economics below;

JAMB Economics Syllabus 2019 is Out…The Ecoonomics in English 2019/2020 JAMB Unified Tertiary Matriculation Examination (UTME) Syllabus is aim at preparing candidates for the Board’s examination.


JAMB Economics Syllabus 2019JAMB Economics Syllabus 2019

These course objectives are as follows:

1. demonstrate sufficient knowledge and understanding of the basic concepts, tools and their general applications to economic analysis;
2. identify and explain the basic structures, operations and roles of the various economic units and institutions (national and international);
3. describe major economic activities – production, distribution and consumption;
4. identify and appraise the basic and current economic problems of society;
5. develop the competence to proffer solutions to economic problems identified.

1. Economics as a science

Topics:

  •  Basic Concepts: Wants, Scarcity, choice, scale of preference, opportunity cost, Rationality, production, distribution, consumption.
  • Economic problems of: What, how and for whom to produce and efficiency of resource use.
  • Application of PPF to solution of economic problems.

1. Economics as a science

Topics:

  • Basic Concepts: Wants, Scarcity, choice, scale of preference, opportunity cost, Rationality, production, distribution, consumption.
  • Economic problems of: What, how and for whom to produce and efficiency of resource use.
  • Application of PPF to solution of economic problems.

Objectives:

Candidates should be able to:

  • compare various concepts in economics and their applications;
  • interpret graphs/schedules in relation to the concepts;
  • identify economic problems;
  • proffer solutions to economic problems

2. Economic Systems

Topics:

  • Types and characteristics of free enterprise, centrally planned and mixed economies
  • Solutions to economic problems under different systems
  • Contemporary issues in economic systems (economic reforms e.g deregulation, banking sector consolidation, cash policy reform).

Objectives:

Candidates should be able to:

  • compare the various economic systems;
  • apply the knowledge of economic systems to contemporary issues in Nigeria
  • proffer solutions to economic problems in different economic systems.

3. Methods and Tools of Economic Analysis

Topics:

  • Scientific Approach:
    i. inductive and deductive methods
    ii. positive and normative reasoning
  • Basic Tools
    i. tables, charts and graphs
    ii. measures of central tendency: mean, median and mode, and their applications.
    iii. measures of dispersion; variance, standard deviation, range and their applications;
    iv. merits and demerits of the tools.

Objectives:

Candidates should be able to:

  • distinguish between the various forms of reasoning;
  • apply these forms of reasoning to real life situations;
  • use the tools to interpret economic data;
  • analyse economic data using the tools;
  • assess the merits and demerits of the tools.

4. The Theory of Demand

Topics:

  • meaning and determinants of demand
    i. demand schedules and curves
    ii. the distinction between change in quantity demanded and change in demand.
  • Types of demand: Composite, derived, competitive and joint demand:
  • Types, nature and determinants of elasticity and their measurement – price, income and cross elasticity of demand:
  • Importance of elasticity of demand to consumers, producers and government.

Objectives:

Candidates should be able to:

  • identify the factors determining demand;
  • interpret demand curves from demand schedules;
  • differentiate between change in quantity demanded and change in demand;
  • compare the various types of demand and their interrelationships;
  • relate the determinants to the nature of elasticity;
  • compute elasticities;
  • interpret elasticity coefficients in relation to real life situations.

5. The Theory of Consumer Behaviour

Topics:

  • Basic Concepts:
    i. utility (cardinal, ordinal, total average and marginal utilities)
    ii. indifference curve and budget line.
  • Diminishing marginal utility and the law of demand.
  • Consumer equilibrium using the indifference curve and marginal analyses.
  • Effects of shift in the budget line and the indifference curve.
  • Consumer surplus and its applications.

Objectives:

Candidates should be able to:

  • explain the various utility concepts;
  • apply the law of demand using the marginal utility analysis;
  • use indifference curve and marginal analyses to determine consumer equilibrium;
  • relate the income and substitution effects;
  • apply consumer surplus to real life situations.

6. The Theory of Supply

Topics:

  • i. Meaning and determinants of supply
    ii. Supply schedules and supply curves
    iii. the distinction between change in quantity supplied and change in supply
  • Types of Supply: Joint/complementary, competitive and composite
  • Elasticity of Supply: determinants, measurements, nature and applications

Objectives:

Candidates should be able to:

  • identify the factors determining supply;
  • interpret supply curves from supply schedules;
  • differentiate between change in quantity supplied and change in supply;
  • compare the various types of supply and their interrelationships;
  • relate the determinants to the nature of elasticity;
  • compute elasticity coefficients;
  •  interpret the coefficients in relation to real live situations.

 

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