Syllabus content and objectives
Official WAEC Economics outline · Detailed Syllabus
Content
Barter system to money, inflation control, central/commercial banks, money/capital markets, fiscal policy, direct/indirect tax, growth vs development, balance of payments, ECOWAS, OPEC, IMF/World Bank, natural resources
Objective
Understand functions of money, price levels, and inflation types/controls; examine central/commercial/development banking, money markets, and capital markets; evaluate government budgets, public debt, direct/indirect taxation canons, and incidence; differentiate economic growth and development, planning types, and problems; analyze comparative cost advantage, terms of trade, tariffs, balance of payments adjustments, and exchange rates; evaluate roles of ECOWAS, OPEC, IMF, IBRD, AfDB, and major natural resource impacts.
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