Syllabus content and objectives
Official JAMB Economics outline · Section C: Production, Costs, Revenue, and Market Structures
Content
Perfectly competitive market: assumptions and characteristics.
Objective
Analyse the assumptions and characteristics of a perfectly competitive market.
Content
Short-run and long-run equilibrium of a perfectly competitive firm.
Objective
Differentiate between the short-run and long-run equilibrium of a perfectly competitive firm.
Content
Imperfect markets: pure monopoly, discriminatory monopoly, and monopolistic competition, including their assumptions and characteristics.
Objective
Analyse the assumptions and characteristics of imperfect markets.
Content
Short-run and long-run equilibrium positions in imperfectly competitive markets.
Objective
Differentiate between the short-run and long-run equilibrium positions of imperfectly competitive firms.
Content
Break-even and shut-down analysis in the various market structures.
Objective
Establish the conditions for the break-even and shut-down of firms.
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