Syllabus content and objectives
Official WAEC Economics outline · Detailed Syllabus
Content
Scarcity, choice, PPC, factors of production, economic systems, statistical tools, demand/supply laws and elasticities
Objective
Understand scarcity, choice, scale of preference, opportunity cost, PPC, and primary/secondary/tertiary sectors; analyze land, labour, capital, and entrepreneurship; compare capitalism, socialism, and mixed economies; calculate statistical measures (mean, median, mode) and interpret economic graphs; apply demand and supply laws, schedules, curves, shifts vs movements, and price/income/cross elasticities.
Practice Past Questions on this Topic
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