NABTEB Economics Syllabus
NABTEB Economics Syllabus And Hot Topics To Read For 2021 NABTEB: If you have been wondering how to get NABTEB Syllabus Online Plus hot topics you are to focus on in Economics then Guide is for you.
The aim of the National Business and Technical Examinations Board (NABTEB) Economics Syllabus for 2021 is to ensure that you are well prepared for the exam.
NABTEB ECONOMICS SYLLABUS 2021
There will be two papers of 3 hours 20 minutes duration.
- 003-1: (paper I) will be a multiple-choice objective test of fifty
questions for 50 minutes. This will carry 40% of the total mark.
- 003-2: (Paper II). This will consist of 2 sections; A and B.
to answer a question in section A, and any other four (4) questions in section B. This paper carries 60% of the total mark, to be completed in 2 hours 30 minutes.
|1.||Definition and scope of Economics.|
1. Explain Economics andthe nature of Economics.Define scarcity, want,choice and scale ofpreference.Examine opportunity costconcept.
|1. Definition of Economics 2. Nature of Economics.|
4. Wants5. Choice
6. Scale of preference
7. Opportunity cost and itsapplication to the individual,firm and government. 8.Their basic economic problemof the human society. 9. The classification ofeconomics activities primary, secondary, tertiary and their relative contribution in terms of output/income, employment, savings and foreign exchange.
|Provide chalkboard and chalks.|
|2.||Basic tools of Economic analysis|
1. Explain types of statistics.Calculate measuresof central tendency.Calculate measuresof dispersion.Calculate linear equation.
|1. The concept of statistics 2. Tables, charts and graphs:preparation and feature|
3. Calculation of measures of central tendency e.g. mean,median and mode.
4. Calculate the measures ofdispersion e.g. range, mean deviation, standard deviation, variance and coefficient of variation quartiles, deciles, and percentiles,6. Calculation of simple linear equation.
1. chalk board 2. chalks
4. graphsclass calculation of the measures of central tendency, dispersion, and linear equation, charts, tables and graphs should be prepared.
|3.||The Theory of Consumer Behaviour|
1. Explain consumer behaviour.Explain the concept ofmargin.Explain utility.Discuss diminishingmarginal utilityExplain utility
|1. The concept of consumer behaviour.2. The concept of margins.|
3. Utility types and ways ofmeasuring it.
4. Concept of diminishingmarginal utility.
5. Concept of utility.
6. The law of diminishingmarginal utility.
|maximization. 6. State the defectsdiminishing marginalutility.|
7. Explain consumersurplus.
8. Explain indifferencecurves/maps
9. Explain marginal rateof substitution (MRS).
|7. Consumer surplus.|
8. Indifference curves and maps. 9. Marginal rate of substitution(MRS)
10. Budget line.
11. Price consumption curve(PCC).
|4.||DemandExplain the law of demand.Draw demand scheduleDraw demand curve.State the types ofdemand.Explainexceptional/abnormaldemand.Discuss factors affectingdemandExplain changes inquantity demanded.Discuss change in price.||1. Definition of demand. 2. The law of demand|
3. Demand schedule.
4. Demand curve.5. Different types of demand e.g. joint composite and derived demand.6. Exceptional/abnormal types of demand.7. Exceptional/abnormal demand curves.8. Factors which affects demand for a product.9. Changes in quantity demanded.10. Factors which bring about change in quantity demanded and change in demand.
|5.||SupplyExplain the law of supply.State supply schedule and curve.Explain types of supply.Discussexceptional/abnormalsupply.State factors that affectsupply.||1. Definition of supply 2. The law of supply. 3. The supply schedule. 4. Supply curve.5. Different types of supply (e.g. joint, competitive composite, and derived supply etc.)6. Exceptional/abnormal supply curve.7. Exceptional/abnormal supply curve.8. Factors which affects supply.9. Changes in quantity supply.|
|10. Factors that bring about changes in supply.|
|6.||The Concept of EquilibriumExplain the concept of equilibrium.Discuss determinants of rquilibrium price and equilibrium quantity.||Concept of equilibrium price and equilibrium quantity.Determination of equilibrium price and equilibrium quantity.|
|7.||Elasticity of Demand and SupplyExplain the concept of elasticity of demand and supply.State types of elasticity of demand and supply.Calculation of different type of elasticity of demand.Explain factors affecting elasticity of demand.||Definition of elasticity of demand and supply.Types of elasticity of demand and supply.Calculation involving different types of elasticity of demand and supply.Factors affecting elasticity of demand and supply.|
|8.||Price System and Resource AllocationExamine the price system.Explain functions of the price system.State the merits and demerits of price system.||1. Definition of price systrem. 2. Functions of price system. 3. Merits and demerits of pricesystem.|
|9.||ProductionDiscuss purpose of production.Explain types/classes of production.Examine factors of production.State channels of productionExplain the systems of production.Discuss the determinant of the volume of production.||1. Meaning of production’|
2. purpose of production
3. Types/classes of production,direct and indirect.
4. Factors of production. 5. Functions of primary, secondary, tertiaryproduction
6. Explain the factors ofproduction i.e. land, labour, capital and entrepreneur. Features and roles in production.7. Distinction among the factors of production, their characteristics, reward and
|Class discussion onThe meaning ofproduction, its purposes, types, and the channel of production.The factors of production.The rewards of the factors ofproduction.Thecharacteristics of factors of production.The functions of|
|functions.Explain the types of capitaland labour as factors ofproduction.Explain the importance ofcapital, the process of acquiring capital and the consequences of consuming capital.Explain the systems of production.Factors that determine the volume of production.||entrepreneur. 6. The process ofacquiring capital, and the consequences of consuming capital.|
|9.2||Explain division of labour.Explain specialization of labour.State the merits and demerits of division of labour.Discuss the limitation of division of labour||Explain theMeaning of division oflabour.Meaning of specialization oflabour.The aims of division oflabour and specialization oflabour.The merits and demerits ofdivision of labour.The merits and demerits ofspecialization of labourThe limitation of division oflabour.||Discuss the meaning ofdivision of labour.Discuss themeaning of specialization labour.State the aims of division of labourDiscuss the merits anddemerits of specializatio of labour.Discuss the limitation ofdivision of labour.|
|Production Curve/Frontier9.3 Explain production curve/frontier possibility and its uses.||Explain the meaning of production possibility curve/frontier.Ilustrate production possibility curve graphically.Explain the uses of production possibility curve.||1. Demonstrate productionpossibility curve graphically.|
|9.4||Scale of ProductionExplain scale of production.State the advantage and disadvantages of small scale of production.Explain the advantages||The meaning of scale of production.The determinants of the scale of production.The advantage and the disadvantage of small scale of production.||Discussion on the determinants of the scale of production|
|and the disadvantages of large scale of production.Explain the concept of internal and external economics of scale.Discuss the distinction between internal and external economics||The advantage and the disadvantage of large-scale of production.The concept of internal and external economics of scale.Distinction between the internal and external economics.The process of acquiring capitalDivision of labour/specialization. Advantages/disadvantages, limitations, production, possibility frontier curve.|
|10.||Distributive Trade/Chain DistributionIdentify the distribution chainExplain role of each channel of distribution.Discuss argument for and against themiddlemen.State the problems ofdistribution in Nigeria.Explain the role ofGovernment agencies in distribution of goods in Nigeria.||Definition of distribution of goods.List the channels of distribution of goods.The role of each channel of distribution (The wholesaler and Retailer)Argument for and against the middlemen.The problems and solution of distribution of goods in Nigeria.The role of Government agencies in the channel of distribution.|
|11.||Variable Proportion/ Diminishing ReturnsExplain the law of variable proportions/ diminishing returnsDiscuss the application of the law ofdiminishing returns toland.Examine the relevanceof the law of variable proportions/diminishing returns.Explain the application of law of variable||Law of variable proportions/diminishing returns.the application of the law of diminishing returns to land.the relevance of the law of variableproportions/diminishingreturns.application of the law ofvariable proportion.law of returns to scale.||1. demonstrate the application of the law of diminishing return to land.|
|12.||Cost ConceptDescribe the various forms of cost.Explain types of cost and its application.||Meaning of cost from the view point ofa. Economistb. Accountanttypes of cost.Application of the various types of cost.Graphical presentation of the various types of cost.The long-run and short-run application of cost concepts.|
|13.||RevenueAnalyse the concept of revenue.||2. Explanation of the terms:- total revenue, average revenue, marginal revenue and the relationship among the three concepts.|
|14.||MarketExplain the concept of market.State types of market.||1. Definition of market|
2. Types of market e.g. perfectmarket, monopoly, imperfect market, (duopoly, oligopoly, imperfect competition, monopony, oligopoly).
|15.||Perfect CompetitionExplain perfect competition.Explain features ofperfect market.Discuss the merits anddemerits of perfectmarket.Proffer solutions to thedemerits.Graphically illustrateperfect competition.Explain price and output determination underperfect competition.Discuss cost curves,supply curves and demand curves under perfect competition.||Features of perfect competition.Merits and demerits of perfect competition.Solutions to the demerits of perfect competition.Graphical illustration of perfect competition.Price and output determination under perfect competition.Cost curves, supply curves and demand curves under perfect competition.Short-run and long-run position of a perfect competitor.|
|16.||Monopoly1. Explain Monopoly|
2. State types of monopoly. 3. Explain
|1. Definition of monopoly|
2. Types of monopoly.
3. Features/characteristics of amonopoly.
|features/characteristicsof a monopoly.Discuss pricedetermination under amonopoly.State the merits anddemerits of a monopoly.Explain price andquantity determinationunder a monopoly.Discuss forms of controlof a monopoly.Compare and contrastmonopoly and perfectcompetition.Discuss cost, supply anddemand curves under a monopoly.||Price and quantity determination under a monopoly.Merits and demerits of a monopoly.Solutions to the demerits of a monopoly.Price and quantity determination under a monopoly.Graphical illustration of price determination under a monopoly.Forms of control of a monopoly.Compare and contrast monopoly and perfect competition.Cost, supply and demand curves under a monopoly.|
|17.||Imperfect CompetitionDefine imperfect competition.Examine the features/characteristics of imperfect competition.Explain the various types of imperfect competition.Analyse the features of each types of imperfect market.Explain the merits and demerits of each type of market.Explain output and price determination under imperfect competition.Examine the solution to the demerits of each type of imperfect market.||The meaning of imperfect competition.Features/characteristics of imperfect competition.Types of imperfect competition e.g. duopoly, oligopoly, monopolistic competition.Features of each type of imperfect market.Merits and demerits of each type of imperfect market.Output and price determination under imperfect competition.Solutions to the demerits of each type of imperfect market.Compare imperfect competition with perfect competition.|
|8. Compare imperfect competition and perfect||9. Determine the following curves under imperfect|
|competition.Illustrate each type ofimperfect competition.Graphically derive thefollowing curves under imperfect competition a. cost curves|
b. supply curves
a. cost curve
b. supply curve
c. demand curves.
|18.||PopulationExplain the concept in population studies, and population terms.State the purpose of population census.Explain the problem of population census in Nigeria.Discuss the factors affecting population growth.Explain the population structure in Nigeria.Explain geographical distribution ofpopulation in Nigeria.State the populationtheories.State the effect ofincreasing population.Explain the consequenceof ageing population.||Explain the concept in population studies and population terms.state the purpose of population census.Explain the problem of population census in NigeriaDiscuss the factors affecting population growth.Explain the population structure in Nigeria.Explain geographical distribution of population in Nigeriastate the population theories.state the effect of increasingpopulation.Explain the consequences ofageing population.|
|19.||Labour MarketExplain the concept of labour market.State the factors that determines labour force.Explain the factors that influence the efficiency of labour.Discuss the demand for and supply of labourState the reasons for the differences in salaries and wages.Explain mobility of labour.||Definition of labour market, working population, labour force, employment and unemployment.The factors that determine the labour force of a country.Factors that influence the efficiency of labour.Demand for and supply of labour.The determinants of labour demand and supply.Wage determination: the reasons for the differences||Class discussion on factors which influence the|
(i) efficiency of labour, and(ii) demand andsupply of labour.Discussion of thereasons for the differences in salaries and wages.
|State types of mobility of labour.Explain the factors that influences mobility of labour.Discuss types of unemployment.Examine the causes and consequences of unemployment.Discuss the solutions to each type ofunemployment.||in salaries and wages.Mobility of labour.Types of mobility of labour.Factors, which influence themobility of labour.Types of unemployment.Causes and consequences ofeach type of unemployment.Solutions to each types ofunemployment.|
|20.||Labour UnionsLabour unions and Employers Association||Meaning of trade/labour union and Employers AssociationAims of labour union and employers Association.Weapons of trade union and employers association.Roles of trade union.Problems of trade union inNigeria.||A trade union leader to have a talk with the class.|
|21.||Business OrganisationExplain the concept of business organization.State the types of business organization.Explain the aims/purpose of business organization.Discuss the types of business organization.Explain stocks and shares.Discuss advantages and disadvantages of each type of shares.Explain Debentures.Discuss advantages anddisadvantages of debentures.||Meaning of business organization.Types of business organization.Aims/purpose of business organization: Sources of finance.Sole proprietorship characteristics, merit and demerit.Partnership types, characteristics, methods of its establishment, its merits.Limited liability company types, characteristics, methods of establishment, is merits and demerits.Stocks and shares definition of stocks and shares, types of shares, advantages and disadvantages of different types of shares.||A visit to each type of business organization.|
|8. Types of debentures, advantage anddisadvantages of debentures.|
|22.||Co-operative SocietiesExplain co-operative societiesExplain the basis/purpose of cooperative societies.Explain the types of co- operative societiesState the problems of co-operative societies and its merits and demerits.||Definition of co-operative societiesBasis/purpose of cooperative societies.Types of co-operativesocieties.Characteristics/feature of eachtype of Co-operativeSocietiesMerits and demerits of co-operative societiesProblems of each type of co-operative societies.Solution to the problems ofco-operative societies.|
|23.||Public CorporationExplain public corporation.State reasons for the existence of public corporationExplain advantages/disadvantagesDiscuss the need for commercialization/priva tization of public corporation.||Meaning of public corporation.Nature of public corporation.Reasons for the existence of public corporation.Advantage/disadvan-tages of public corporation.The need for commercialization and privatization of public corporations/ enterprises.|
|24.||Economic GrowthExplain the concept of economic growth.Describe the characteristics of economic growthExplain the factors affecting economic growth.Explain the benefits of economic growth.||The concept of economic growth.The characteristics of economic growth.Factors affecting economic growth.Benefits of economic growth.|
|25.||Economic Development1. Define Economic||1. The concept of economic development.|
|DevelopmentExplain the process ofeconomic development.Differentiate betweeneconomic developmentand growth.Explain the meaning ofunder-development.Explain thecharacteristics of economics under developmentList the factors that influence economic development of a nation.||The process of economic development.Distinguish economic development from growth.Under development.Characteristics of economicunder development.Factors that influenceeconomic development of a nation.|
|26.||MoneyDefine money and trade by barter.Explain the types of money, itscharacteristics and functions. Also the value, demand, supply and the quantity theory of money.Explain the relationship between the value of money and price.||Definition of money and trade by barter.The operation of trade by barter.The problems of trade by barter.Historical development of money.The characteristics of money.Functions of moneyValue of moneyThe quantity theory ofmoney.The demand for money.The supply of moneyThe relationship betweenthe value of money and price.|
|27.||InflationDefine inflation and explain the types of inflation.Examine the causes of each type of inflation.Identify the measures used to control inflation.Explain the effects of inflation.||1. Definition of inflation. 2. Types of inflation.|
3. The causes of inflation 4. Control of inflation.5. The effects of inflation.
|28.||Deflation1. Explain deflation and its||1. Definition of deflation. 2. Causes of deflation.|
|causes.Identify the effects ofdeflation.Examine the control ofdeflation||The effects of deflation.The control of deflation.|
|29.||Banking1. Define banking|
2. State the types of banks(commercial bank, merchant bank, central bank, mortgage bank, development bank).3. Trace the origin of banking.4. Explain the meaning and characteristics of commercial banks.5. Examine the role/functions of commercial banks.6. Identify the types of Accounts kept by the commercial banks.7. Explain the creation of credit by commercial banks.
|1. Meaning of banking|
2. Types of banks
3. Origin of commercial banks. 4. The characteristics ofcommercial banks. 5. The role/functions ofcommercial banks.
6. Types of Accounts kept bythe commercial bank. 7. Creation of credit bycommercial banks. 8. The limitation to the creation of credit bycommercial banks.
9. The impact of banking onNigerian economy.
|Visit to any commercial bank.|
|Explain the limitations to the creation of credit by commercial banks.Explain the impact of banking in the Nigerian economy.|
|30.||Central Bank1. Define Central Bank 2. Trace the historicaldevelopment of CentralBank in West Africa.|
3. Explain the functions ofCentral Bank.
4. Explain how the CentralBank controls commercial banks
|The meaning of Central Bank.Historical development of Central Bank in West AfricaThe functions of Central Bank.How Central Bank controls commercial banks.||Visit to the Central Bank of Nigeria in your state/zone.|
|31.||Other Financial Institutions||1. Other financial institutions beside commercial and||Visit to any Insurance company.|
|List other financial institutions besides the commercial and Central Banks e.g. Insurance companies, merchant banks, development banks, stock exchange etc).Explain the characteristics of each of the financial institutions.Examine the functions of each institution.||Central Banks, i.e. Insurance companies, merchant bank, development bank, mortgage bank, stock exchange etc.The characteristics of these financial institutions.The functions of these financial institutions. Composition and role of the capital market in Nigeria.|
|32.||Agricultural Sector in Nigeria1. Define Agriculture.|
2. State the various typesof Agricultural practices in Nigeria (e.g. crop) production, livestock, fisheries etc.)3. Explain the importance of Agriculture.4. Identify the problem of Agriculture in Nigeria.5. Analyse briefly the system of Agriculture in Nigeria e.g. (peasant communal, plantation, cooperative etc.6. Describe the method of Agriculture in Nigeria.7. Marketing of Agricultural produces.8. Prospect of Agriculture in Nigeria.
|1. The meaning of Agriculture. 2. Types of Agriculturalpractices in Nigeria. (crop production, livestock, fisheries).3. Importance of Agriculture. 4. The problems of Agriculturein Nigeria.|
5. System of Agriculture inNigeria. (Peasant,communal, plantation, etc.). 6. Methods of Agriculture inNigeria (Shifting cultivation, crop rotation, pastoral normadism etc.7. Marketing of Agricultural products in Nigeria.8. Prospect of Agriculture in Nigeria.
|33.||Industrialization in NigeriaExplain the meaning of firm, industry and industrialization.Identify the types of industries in Nigeria.Explain the factors influencing the location of industries.Explain the meaning of||The meaning of firm, industry andindustrialization.Types of industries inNigeria.Factors influencing thelocation of industries.The meaning of localizationof industriesFactors influencing|
|localization ofindustries.Explain the factorsinfluencing localizationof industries in Nigeria.Examine the advantagesand disadvantages oflocalization.Explain the importanceof industrialization in the development process.Analyse the different strategies forindustrialization.Identify factors influencing the performance ofindustries.Analyse the problem ofindustrialization inNigeria.Proffer solution to theproblems of industrialization in Nigeria.||localization of industries inNigeria.Advantages anddisadvantages oflocalization.The importance ofindustrialization in thedevelopment process.Different strategies forindustrialization e.g. export promotion, import substitution.Factors influencing the performance of industries.The problems of industrialization in Nigeria.Solution to the problems of industrialization in Nigeria.|
|35.||National IncomeExplain the following terms:(a) National Income (NI) (b) Gross National Product (GNP).|
© Gross Domestic Product (GDP).(d) Net National Income(NNI).Examine the methods ofcomputing the terms in 1above.Explain the methods ofcomputing the national income.
a. income method
b. output approach, and (c) expenditure approach4. Examine the uses of
|The meaning of the following terms:i. National Income (NI)Gross National Product (GNP)Gross Domestic Product (GNP)iv. Net National Income (NNI)The relationship between those terms in 1 above..Methods of computing the National Income and their problems|
(a) Income method(b) Output approach(c) Expenditure methodUses of National Income.Factors affecting the
|national income.State the factorsaffecting the nationalincome of a country.Explain the problemsassociated with the computation of national income.Explain the following concept.(a) income|
(c) investment (d) consumptionAnalyse the relationship among 7 above.Explain the following concepts.(a) average propensity to consume (APC)(b) Average propensity to save (APS).(c) Marginal propensity to consume (MPC).Explain the concept of multiplier.Perform calculation involving the multiplier.Explain with illustrations the equilibrium level of national income
|national income of acountry.Describe the followingconcepts: Income, savings,investment, consumption.The relationship among theconcepts in 1 above.The meaning of thefollowing concepts:|
(i) Average Propensity to Consume (APC)(ii) Average
Propensity to Save (APS).
(iii) Marginal Propensityto Consume (MPC).The concept of multiplier .The equilibrium level ofnational income.
|36.||Public FinanceDefine public finance and fiscal policy.Explain the objectives of public finance.Explain the sources of government revenue.Explain the structure of government expenditure.Define taxation.Identify the differenttypes of taxes withexamples.Examine the advantages||The meaning of public finance and fiscal policy.Objectives of public finance.Sources of government revenue (taxation, custom duties, royalties, etc)The structure of government expenditure.Taxation.Types of taxes (i.e. directand indirect taxes).Advantages of each type oftax.|
|and disadvantages ofeach types of taxes.Explain the system oftaxation.State the advantages anddisadvantages of eachtax system.Examine incidence oftaxation.Analyse the problem oftax collection in Nigeria.Proffer solution to theproblems of tax collection in Nigeria.||The system of taxation (progressive, proportional, regressive).Advantages and disadvantages of each type of tax system.Incidence of taxation.Problems of collecting taxin Nigeria and solutions.Solutions to the problems of tax collection in Nigeria.Principles of taxation.|
|37.||Budget1. Define Budget|
2. Explain the reasons for abudget.
3. State the types of budget. 4. Examine revenueallocation formula in Nigeria.
|1. The meaning of budget. 2. Reasons for a budget.|
3. Types of budget deficit,surplus, balanced.
4. The effects of each type ofbudget.
|38.||National/Public Debt1. Define National Debt. 2. Explain the types ofnational debt. (internaland external).|
3. Define debt servicing. 4. Examine the effects ofnational debt on a country.
|The meaning of national debt.Types of national debt (Internal and External).Debt servicing.The effects of national debton the country.|
|39.||International TradeDefine international trade.Explain the basis for international trade.Explain the barriers to international trade.Explain the principles of international trade.Analyse the merit and demerit of international trade.Examine the benefits of international trade.Compare internal trade||The meaning of international trade.Internal and international trade.Basis for international trade.Barriers of internationaltrade: Tariffs: Reasons and problems (i.e. differences in currencies, natural/artificial barriers etc.)Principles of international trade.Merits and demerits of international trade.Types of imports and||.|
|with international trade.||exports.|
8. composition and trends ofinternational trade.
|40.||Balance of PaymentDefine terms of trade, balance of trade and balance of paymentExplain the components of balance of payment (current account, capital account, and monetary movement).Analyse balance of payment disequilibrium (deficit and surplus).Examine the problems of balance of payment disequilibrium.||Terms of trade, balance of trade and balance of payment.The components of balance of p[ayment.Current account, capital account etc.Problems of balance of payment disequilibrium.The measures of correcting balance of payment disequilibrium.||.|
|41.||Devaluation of CurrencyExplain the meaning of devaluation of currency.Discuss the effects of devaluation.Describe the condition favouring devaluation.||The meaning of devaluation of currency.Effects of devaluation of currency.Conditions favouring devaluation of currency.Reasons for ineffectiveness of devaluation of currency in Nigeria.|
|42.||Economic IntegrationExplain economic integration.Examine the types of economic integration.Explain the origin of ECOWAS.Examine the benefits of ECOWAS.explain the problems of ECOWAS membershipSuggest solutions to theproblems of ECOWAS.||The meaning of economic integration e.g.i. free trade area ii. customs, union iii. common market iv. Economic unionTypes of economic integration e.g. customs, union,Origin of the ECOWASBenefits of ECOWASmembershipProblems of ECOWASmembership.Possible solutions to theproblems of ECOWAS membership.|
|43.||Nigerian Economic Plan1. Define economic plans||1. Economic plan.|
2. The process of economic
|Outline the process of economic planning.Advance reasons for economic planning.Explain the following types of economic planning.|
(a) aggregate economicplanning
(b) disaggregateeconomic planning.Analyse the Nigerianeconomic plan from pre- independence period to 1985, including the following:-(a) pre-independence economic plans.(b) Post-independence economic plans.(c) First National Development Plan 1962 1968.(d) Second National Development Plan 1969 1974.(e) Third National Development Plan 1974 1980.(f) Fourth National Development Plan 1981 1985.Examine Nigeria’s development plans since 1985.
|planning.Reasons for economicplanning.Types of economicplanning.Nigerian economic plansfrom pre-independence period to 1985 including first, second, third and fourth National Development plans.Nigeria’s development plans since 1985.The problem of economic planning in Nigeria.|
|42.||Natural ResourcesExamine the development of the petroleum industry in Nigeria.Analyse the impact of petroleum in Nigeria economic.Examine the role of NNPC and OPEC in the Nigerian economy.||The development of the petroleum industry in Nigeria.The impact of petroleum on the Nigerian economy.The role of NNPC and OPEC in the Nigerianeconomy.Marketing of petroleumproducts in Nigeria.Other major natural|
|Analyse the marketing of petroleum products in Nigeria.Explain other major Natural Resources.||resources.|
|43.||International Economic OrganizationsList the various international economic organizations.Explain the origin and functions in 1 above.Enumerate the benefits of the organizations listed in 1 above to Nigeria.Analyse the problems associated with the operation of the organization listed in 1 above.Assess the future prospects oforganisations in 1 above.||State the various international economic organizations i.e. IMF, IBRD, UN, ECA, ADB, WTO, NEPADThe origin and functions of the organizations in 1 above.the benfits of the organizations listed in 1 above to Nigeria.The problems associated with the operations of the organizations listed in 1 above.Estimate the future prospects of the organizations in 1 above.|
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