Syllabus content and objectives
Official JAMB Economics outline · Section B: Demand, Supply, Consumer Behaviour, and Price Determination
Content
Meaning and determinants of demand.
Objective
Identify the factors determining demand.
Content
Demand schedules and demand curves.
Objective
Interpret demand curves from demand schedules.
Content
Distinction between a change in quantity demanded and a change in demand.
Objective
Differentiate between a change in quantity demanded and a change in demand.
Content
Types of demand: composite, derived, competitive, and joint demand.
Objective
Compare the various types of demand and their interrelationships.
Content
Types, nature, and determinants of elasticity of demand, including price elasticity, income elasticity, and cross elasticity, and their measurement.
Objective
Relate the determinants of demand to the nature of elasticity, calculate elasticities, and interpret elasticity coefficients in relation to real-life situations.
Content
Importance of elasticity of demand to consumers, producers, and government.
Objective
Interpret elasticity coefficients in relation to real-life situations and understand the importance of elasticity to consumers, producers, and government.
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