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Secondary School Lesson Notes and Scheme of Work

SS1 First Term Economics Lesson Note and Scheme of Work

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SS1 First Term Economics Lesson Note and Scheme of Work


SS1 First Term Economics Lesson Note and Scheme of Work:


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.

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