
JAMB
Nigeria ๐ณ๐ฌJAMB UTME โ compulsory Use of English plus 14 subjects to choose from, each with its own BeginnerโAdvanced track.
๐ UTME is scored out of 400 (Use of English + 3 chosen subjects, 100 marks each). Most universities set 180+ as the general cut-off; competitive courses need 250+.
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Beginner skill
No prior knowledge assumed โ the basic concepts and vocabulary of Economics as WAEC/JAMB test them.
Basic Economic Concepts
0/2 passedEconomic Systems
0/2 passedSupply and Market Price
0/2 passedEconomics โ Method, Analysis and Measurement
0/1 passedIntermediate skill
Elasticity, market structures, money, banking and public finance โ the applied core of the Economics syllabus.
Elasticity and Market Structures
0/2 passedMoney and Banking
0/2 passedPublic Finance
๐ Premium0/2 passedEconomics โ The Firm, Costs and Revenue
๐ Premium0/1 passedAdvanced skill
National income, international trade, population and economic development โ the applied, scenario-based Economics content tested at the highest level.
National Income
0/2 passedInternational Trade
๐ Premium0/2 passedEconomic Development
๐ Premium0/2 passedEconomics โ Business, Oil and the World Economy
๐ Premium0/1 passedSyllabus coverage ยท Economics
0/23 official topics ยท 0%23 topics still to cover
- Economics as a science (scarcity, choice, scale of preference, opportunity cost, basic economic problems, production possibility curve)Scarcity, Choice and Opportunity Cost โ
- Economic systems (free enterprise, centrally planned and mixed economies; economic reforms)Types of Economic Systems โ
- Methods and tools of economic analysis (positive and normative, inductive and deductive reasoning; tables and graphs; mean, median, mode, dispersion)Positive, Normative and the Tools an Economist Uses โ
- Theory of demand (determinants, demand curves, types of demand, price, income and cross elasticity)Demand: Meaning and Determinants โPrice Elasticity of Demand โ
- Theory of consumer behaviour (utility, diminishing marginal utility, indifference curves, budget line, consumer equilibrium, consumer surplus)The National Budget and Deficit Financing โ
- Theory of supply (determinants, supply curves, types of supply, elasticity of supply)Demand: Meaning and Determinants โSupply: Meaning and Determinants โ
- Theory of price determination (markets, equilibrium price, effects of shifts, price control and price legislation)Price Determination and Market Equilibrium โ
- Theory of production (total, average and marginal product, law of variable proportions, economies of scale, returns to scale)Production, Costs and Revenue: Reading the Firm's Curves โ
- Theory of costs and revenue (fixed, variable, total, average and marginal cost and revenue; short-run and long-run costs)Production, Costs and Revenue: Reading the Firm's Curves โ
- Market structures (perfect competition, monopoly, price discrimination, monopolistic competition, oligopoly; break-even and shut-down)Market Structures: Perfect Competition and Monopoly โ
- National income (GDP, GNP, NNP, NI; measurement, circular flow, multiplier, income determination)National Income: Meaning and Measurement โ
- Money and inflation (functions and demand for money, quantity theory, inflation and deflation, consumer price index)Price Elasticity of Demand โMoney: Meaning and Functions โ
- Financial institutions (central bank, commercial and development banks, money and capital markets, money creation, monetary policy)Commercial Banks and Central Bank Functions โ
- Public finance (fiscal policy, government revenue and expenditure, principles and incidence of taxation, budgets, public debt, revenue allocation)Taxation: Types and Principles โThe National Budget and Deficit Financing โ
- Economic growth and development (indicators, factors, problems of development in Nigeria, development planning)Economic Growth vs Economic Development โEconomic Planning and Development Strategies โ
- Agriculture in Nigeria (types, role in development, problems, agricultural policies, income instability)Economic Planning and Development Strategies โ
- Industry and industrialisation (location and localisation, strategies of industrialisation, size of firms)Economic Planning and Development Strategies โ
- Natural resources and the Nigerian economy (petroleum, upstream and downstream, NNPC, OPEC, oil and non-oil sectors)Business Units, Petroleum and the Economic Communities โ
- Business organisations (sole proprietorship, partnership, companies, cooperatives, public enterprises, privatisation and commercialisation)Business Units, Petroleum and the Economic Communities โ
- Population (Malthusian and demographic transition theories, census, optimum population, structure and policy)Population: Structure and Economic Effects โ
- International trade (absolute and comparative advantage, terms of trade, balance of trade and payments, exchange rates)International Trade: Basis and Balance of Trade โ
- International economic organisations (ECOWAS, AU, EU, IMF, World Bank, WTO, ADB, OPEC; relevance to Nigeria)Business Units, Petroleum and the Economic Communities โ
- Factors of production and their theories (land, labour, capital, entrepreneur; wages, rent, interest, profit; marginal productivity and liquidity preference; mobility of labour, unemployment)Factors of Production โ