Syllabus content and objectives
Official JAMB Economics outline · Section B: Demand, Supply, Consumer Behaviour, and Price Determination
Content
Concepts of market and price.
Objective
Explain the concepts of market and price.
Content
Functions of the price system.
Objective
Examine the functions of the price system.
Content
Equilibrium price and quantity in product and factor markets.
Objective
Determine the equilibrium values of price and quantity.
Content
Price legislation and its effects, including minimum and maximum price legislation.
Objective
Evaluate the effects of government interference with the price system and differentiate between minimum and maximum price legislation.
Content
Effects of changes in supply and demand on equilibrium price and quantity.
Objective
Interpret the effects of changes in supply and demand on equilibrium price and quantity and determine equilibrium values.
Content
Simple linear equations of demand and supply.
Objective
Determine equilibrium price and quantity using simple linear equations of demand and supply.
Opens the CBT engine with Economics past questions and answers.