Week 1: Introduction to Economics
Lesson Note: Basic concepts of Economics, definition, and branches.
Activities: Class discussion on real-world economic examples, introduction to economic terms.
Week 2: Principles of Economics
Lesson Note: Law of demand and supply, equilibrium price determination.
Activities: Group activity on market scenarios, practical examples of demand and supply.
Week 3: Economic Systems
Lesson Note: Types of economic systems (capitalism, socialism, mixed economy).
Activities: Debate on pros and cons of different economic systems, case studies.
Week 4: Production and Cost
Lesson Note: Factors of production, types of production, cost of production.
Activities: Role-play on factors of production, cost analysis of a simple production process.
Week 5: Market Structures
Lesson Note: Perfect competition, monopoly, oligopoly, monopolistic competition.
Activities: Group projects on researching and presenting different market structures.
Week 6: National Income
Lesson Note: Measurement of national income, GDP, GNP.
Activities: Analysis of a country’s economic indicators, discussion on national income significance.
Week 7: Money and Banking
Lesson Note: Functions of money, types of money, central and commercial banking.
Activities: Simulation of a simple banking system, guest speaker from a local bank.
Week 8: Inflation and Deflation
Lesson Note: Causes, effects, and control measures of inflation and deflation.
Activities: Case studies on the impact of inflation/deflation on a country’s economy.
Week 9: International Trade
Lesson Note: Benefits, challenges, and policies of international trade.
Activities: Group presentations on the impact of international trade on a specific country.
Week 10: Economic Development
Lesson Note: Indicators of economic development, strategies for development.
Activities: Class discussion on the challenges faced by developing countries.
Week 11: Revision Week
Lesson Note: Comprehensive review of all topics covered.
Activities: Practice tests, group discussions, and Q&A sessions.
Week 12: Examination Week
Lesson Note: Final examination covering all topics.
Activities: Conducting and invigilating examinations.
Week 13: School Dismissal Week
Lesson Note: Recap of the term, feedback session.
Activities: Reflection on the term, setting goals for the next term, and farewell.
FAQs
What is the main objective of the SS1 First Term Economics syllabus?
The main objective is to introduce students to the basic concepts of economics, including understanding needs and wants, scarcity, and the importance of decision-making in allocating limited resources. It also aims to develop students’ analytical skills and awareness of economic activities in their immediate environment.
Which topics are covered in the SS1 First Term Economics scheme of work?
The scheme of work typically covers topics such as the meaning and scope of economics, basic economic problems, types of economic resources, factors of production, and the role of individuals and government in the economy. Each topic is structured with clear lesson notes, learning objectives, and suggested teaching activities.
How are the lessons in the first term structured for effective learning?
Lessons are structured to start with clear objectives, followed by explanations of concepts, illustrations using real-life examples, guided discussions, and exercises for reinforcement. Teachers are encouraged to integrate charts, diagrams, and class activities to enhance understanding and retention of economic principles.
How can students use the lesson notes to improve their performance in economics?
Students can use the lesson notes to revise key concepts regularly, practice exercises, and understand the connection between theory and real-world applications. Reviewing the scheme of work helps students anticipate upcoming topics, organize study schedules, and prepare effectively for tests and examinations.
Also Read: SS2 Second Term Economics Lesson Note and Scheme of Work
