JAMB Economics · Section 1

Methods and Tools of Economic Analysis

Section A: Basic Economic Concepts and Analysis

Content items
5content items
Objectives
5objectives
Section topics
3section topics

Syllabus content and objectives

Official JAMB Economics outline · Section A: Basic Economic Concepts and Analysis

Content

Scientific approach to economic analysis: inductive and deductive methods; positive and normative reasoning.

Objective

Distinguish between the various forms of reasoning and apply these forms of reasoning to real-life situations.

Content

Basic tools of economic analysis: tables, charts, and graphs.

Objective

Use tables, charts, and graphs to interpret and analyse economic data and understand the merits and demerits of these tools.

Content

Measures of central tendency: mean, median, and mode, including their applications.

Objective

Use measures of central tendency to interpret and analyse economic data and understand their merits and demerits.

Content

Measures of dispersion: variance, standard deviation, and range, including their applications.

Objective

Use measures of dispersion to interpret and analyse economic data and understand their merits and demerits.

Content

Merits and demerits of the tools of economic analysis.

Objective

Understand and evaluate the merits and demerits of the various tools used in economic analysis.

Practice Past Questions on this Topic

Opens the CBT engine with Economics past questions and answers.

More topics in this section

Open section in the full outline

Done revising Methods and Tools of Economic Analysis?

Answer Economics past questions under the same timed conditions as the real CBT exam — then come back and tick off the next topic.