WAEC
Nigeria · West Africa 🇳🇬WAEC WASSCE — English Language, Mathematics and 16 elective subjects, each with its own Beginner–Advanced track.
📏 WAEC grades A1–F9. A credit (C6 or better) in five subjects — including English Language and Mathematics — is the standard university entry requirement.
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333 lessons18 subjectsSelf-pacedPremium plan
English LanguageMathematicsPhysicsChemistryBiologyGovernmentEconomicsLiterature-in-EnglishChristian Religious StudiesIslamic Religious StudiesGeographyAccountingHistoryFurther MathematicsCommerceAgricultural ScienceFrenchTechnical Drawing
Free covers 11 of 20 lessons in Economics. Intermediate and Advanced lessons are part of Premium — your progress is saved.See Premium →
Beginner
Beginner skill
No prior knowledge assumed — the basic concepts and vocabulary of Economics as WAEC/JAMB test them.
🔒 Unlocks after all modules
1
🔒 After lessonsBasic Economic Concepts
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StartScarcity, Choice and Opportunity Cost
Lesson + 10-question quiz
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Factors of Production
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2
🔒 After lessonsEconomic Systems
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Types of Economic Systems
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Demand: Meaning and Determinants
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3
🔒 After lessonsSupply and Market Price
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Supply: Meaning and Determinants
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Price Determination and Market Equilibrium
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Intermediate
Intermediate skill
Elasticity, market structures, money, banking and public finance — the applied core of the Economics syllabus.
1
🔒 After lessonsElasticity and Market Structures
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Price Elasticity of Demand
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Market Structures: Perfect Competition and Monopoly
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2
🔒 After lessonsMoney and Banking
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Money: Meaning and Functions
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Commercial Banks and Central Bank Functions
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3
🔒 Module checkpoint · PremiumPublic Finance
🔒 Premium0/2 passedAdvanced
Advanced skill
National income, international trade, population and economic development — the applied, scenario-based Economics content tested at the highest level.
1
🔒 Module checkpoint · PremiumNational Income
0/2 passed2
🔒 Module checkpoint · PremiumInternational Trade
🔒 Premium0/2 passed3
🔒 Module checkpoint · PremiumEconomic Development
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🔒 Module checkpoint · PremiumEconomics: Theory & Essay Writing (Paper 2)
🔒 Premium0/2 passedSyllabus coverage · Economics
0/29 official topics · 0%29 topics still to cover
- Definition and scope of economics (scarcity, choice, scale of preference, opportunity cost)Scarcity, Choice and Opportunity Cost →
- Factors of production and their rewards (land, labour, capital, entrepreneur)Factors of Production →
- Economic systems (capitalist, socialist, mixed) and their basic featuresTypes of Economic Systems →
- Basic tools of economic analysis (tables, charts, graphs; measures of central tendency and dispersion)Practise →
- Demand (law of demand, determinants, types, changes in demand)Demand: Meaning and Determinants →Supply: Meaning and Determinants →
- Supply (law of supply, determinants, changes in supply)Demand: Meaning and Determinants →Supply: Meaning and Determinants →
- Elasticity of demand and supply (price, income and cross elasticity)Price Elasticity of Demand →
- Theory of consumer behaviour (utility, marginal utility, consumer equilibrium)Practise →
- Theory of price determination (equilibrium price, price control, effects of changes in demand and supply)Price Determination and Market Equilibrium →
- Theory of production (production function, total/average/marginal product, law of variable proportions, scale of production)Practise →
- Theory of cost and revenue (fixed, variable, average and marginal costs; revenue concepts)Practise →
- Market structures (perfect competition, monopoly, imperfect competition)Market Structures: Perfect Competition and Monopoly →
- Business organisations (sole proprietorship, partnership, companies, co-operatives, public enterprises; privatisation)Practise →
- Distributive trade (channels of distribution, wholesaler, retailer, middlemen)Practise →
- Population (theories, census, structure and distribution)Population: Structure and Economic Effects →
- Labour market (labour force, mobility, wages, trade unions, unemployment)Practise →
- Agriculture (types, importance, problems, agricultural policies and marketing boards)Practise →
- Industrialisation (location of industry, localisation, importance, problems)Practise →
- National income (concepts, measurement, uses and limitations)National Income: Meaning and Measurement →
- Money (functions, demand for and supply of money, value of money)Money: Meaning and Functions →
- Inflation and deflation (types, causes, effects and control)Inflation: Causes and Effects →
- Financial institutions (central bank, commercial banks, development banks, money and capital markets)Commercial Banks and Central Bank Functions →
- Public finance (government revenue and expenditure, taxation, budget, public debt)Taxation: Types and Principles →The National Budget and Deficit Financing →
- Economic development and planningEconomic Growth vs Economic Development →Economic Planning and Development Strategies →
- International trade (theory of comparative cost, terms of trade, protection)International Trade: Basis and Balance of Trade →
- Balance of payments and exchange ratesInternational Trade: Basis and Balance of Trade →
- Economic integration (ECOWAS, AU, EU)Practise →
- International economic organisations (IMF, World Bank, ADB, WTO, OPEC)Practise →
- Major natural resources (petroleum, minerals; contribution to the economy, environmental issues)Practise →
Ready to test yourself? Sit Economics on its own — 3 mock papers in WAEC's real paper format. The written Paper 3 can be taken independently.
Economics mock papers