If you’re preparing for the UTME examination, you’ve probably heard that studying the JAMB syllabus is the key to achieving a high score.
In this blog post, we’ll provide you with a simplified version of the JAMB Economics syllabus, including the objectives for each topic.
By following this syllabus, you can focus your studies and increase your chances of success in the examination.
Topic 1:
Natural Resources and The Nigerian Economy Objectives:
- Trace the development of major natural resources in Nigeria.
- Assess the contribution of the oil and non-oil sectors to the Nigerian economy.
- Establish linkages between natural resources and other sectors.
- Analyze the environmental effects of exploitation activities in Nigeria.
- Distinguish between upstream and downstream activities in the oil sector.
- Examine the roles of NNPC and OPEC in the oil sector.
- Suggest ways of controlling the effects of natural resources exploitation.
Topic 2:
The Theory of Consumer Behaviour Objectives:
- Appraise various utility concepts.
- Apply the law of demand using marginal utility analysis.
- Use indifference curve and marginal analyses to determine consumer equilibrium.
- Associate income and substitution effects.
- Apply consumer surplus to real-life situations.
Topic 3:
The Theory of Price Determination Objectives:
- Explain the concepts of market and price.
- Examine the functions of the price system.
- Evaluate the effects of government interference with the price system.
- Differentiate between minimum and maximum price legislation.
- Interpret the effects of changes in supply and demand on equilibrium price and quantity.
Topic 4:
Agriculture in Nigeria Objectives:
- Identify the types and features of agriculture.
- Examine the characteristics and problems of agriculture.
- Assess the role of agriculture in economic development.
- Appraise agricultural policies in Nigeria.
- Evaluate the causes and effects of instability in agricultural incomes.
Topic 5:
Business Organizations Objectives:
- Compare the types and basic features of private business organizations.
- Assess the financing and management problems of business organizations.
- Identify the features of public enterprises.
- Identify the factors determining the size of firms.
- Differentiate between privatization and commercialization.
- Compare the advantages and disadvantages of privatization and commercialization.
Topic 6:
Economic Growth and Development Objectives:
- Distinguish between economic growth and development.
- Highlight the indicators of growth and development.
- Identify the factors affecting growth and development.
- Assess the problems of development in Nigeria.
- Examine the role of planning in development.
Topic 7:
Economic Systems Objectives:
- 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.
Topic 8:
Economics as A Science Objectives:
- Compare various concepts in economics and their applications.
- Interpret graphs/schedules in relation to the concepts.
- Identify economic problems.
- Proffer solutions to economic problems.
Topic 9:
Factors of Production and Their Theories Objectives:
- Identify the types, features, and rewards of factors.
- Analyze the determination of wages, interest, and profits.
- Interpret the marginal productivity and liquidity preference theories.
- Examine factors’ mobility and efficiency.
- Examine the types and causes of unemployment in Nigeria.
- Suggest solutions to unemployment in Nigeria.
Topic 10:
Financial Institutions Objectives:
- Identify the types and functions of financial institutions.
- Explain the roles of financial institutions in economic development.
- Distinguish between the money and capital markets.
- Identify the various financial sector regulators and their functions.
- Explain the money creation process and its challenges.
- Examine the various monetary policy instruments and their effects.
- Appraise the challenges facing financial institutions in Nigeria.
Conclusion
Studying the JAMB Economics syllabus is essential for success in the UTME examination.
By focusing on the topics and objectives outlined in the syllabus, you can ensure that you’re well-prepared for the exam.
Make use of the recommended textbooks mentioned above to supplement your studies.
Good luck with your preparation, and we hope you achieve your desired score! If you have any questions or need further clarification on any topic, feel free to leave a comment below.