JAMB Economics Syllabus1.
JAMB Economics as a Science- Introduction to economics as a social science
- Basic economic concepts and principles
- Importance of economics in decision-making
2.
JAMB Economic Systems- Definition and types of economic systems (traditional, command, market, mixed)
- Features and characteristics of each economic system
- Advantages and disadvantages of different economic systems
3.
JAMB Methods and Tools of Economic Analysis- Microeconomics and macroeconomics
- Quantitative and qualitative methods in economic analysis
- Economic models and their applications
4.
JAMB The Theory of Demand- Law of demand and its exceptions
- Determinants of demand
- Elasticity of demand and its measurement
5.
JAMB The Theory of Consumer Behaviour- Utility analysis and consumer equilibrium
- Indifference curve analysis
- Budget constraint and consumer choices
6.
JAMB The Theory of Supply- Law of supply and its exceptions
- Determinants of supply
- Elasticity of supply and its measurement
7.
JAMB Theory of Price Determination- Market equilibrium and price determination
- Price elasticity of demand and supply
- Factors affecting price determination
8.
JAMB Theory of Production- Factors of production (land, labor, capital, entrepreneurship)
- Production function and its types
- Laws of production (law of diminishing returns, law of variable proportions)
9.
JAMB Theory of Costs and Revenue- Types of costs (fixed costs, variable costs, total costs)
- Short-run and long-run cost curves
- Revenue concepts (total revenue, average revenue, marginal revenue)
10.
JAMB Market Structures- Perfect competition
- Monopoly
- Monopolistic competition
- Oligopoly
11.
JAMB National Income- Concepts and measurements of national income
- Circular flow of income
- National income accounting
12.
JAMB Money and Inflation- Functions of money
- Money supply and money demand
- Causes and effects of inflation
13.
JAMB Financial Institutions- Commercial banks
- Central bank
- Non-banking financial institutions
14.
JAMB Public Finance- Government revenue and expenditure
- Taxation and its principles
- Public debt and fiscal policy
15.
JAMB Economic Growth and Development- Factors influencing economic growth
- Economic indicators of development
- Strategies for economic development
16.
JAMB Agriculture in Nigeria- Importance of agriculture in the Nigerian economy
- Challenges and prospects of agricultural development
- Government policies on agriculture
17.
JAMB Industry and Industrialization- Role of industries in economic development
- Industrial policy and strategies
- Challenges and prospects of industrialization
18.
JAMB Natural Resources and the Nigerian Economy- Types of natural resources in Nigeria
- Exploitation and management of natural resources
- Environmental issues and sustainable development
19.
JAMB Business Organizations- Forms of business organizations (sole proprietorship, partnership, corporation)
- Business objectives and functions
- Business ethics and social responsibility
20.
JAMB Population- Population growth and its implications
- Population distribution and migration
- Demographic transition theory
21.
JAMB International Trade- Benefits and costs of international trade
- Balance of trade and balance of payments
- Trade policies and agreements
22.
JAMB International Economic Organizations- World Trade Organization (WTO)
- International Monetary Fund (IMF)
- World Bank Group
23.
JAMB Factors of Production and their Theories- Land, labor, capital, and entrepreneurship
- Theories of factor pricing (rent, wages, interest, profit)
- Factor mobility and its significance
Note: This syllabus is designed for the JAMB Economics examination and covers all the major topics that candidates should study. It provides a comprehensive overview of economics as a science and its applications in various sectors of the Nigerian economy.
This course is helpful for the following exams: JAMB