JAMB Syllabus for Economics 2024/2025 PDF Download: www.jamb.org.ng

Download JAMB Syllabus for Economics 2024/2025 pdf for all candidates for free as provided by JAMB at www.jamb.org.ng 2024/2025 portal. JAMB CBT is, here again, check the syllabus for JAMB Economics and all subjects as contained in the JAMB 2024 Brochure. Do not worry, your problem concerning the JAMB syllabus is solved.

JAMB Syllabus for Economics

Get the current Economics syllabus for JAMB 2024/2025, JAMB Brochure 2024 pdf, JAMB Recommended textbooks, JAMB JAMB 2024 Syllabus for Economics pdf download for proper preparation regarding the UTME

If you’re planning of scoring high in the CBT Examination, make the JAMB Scheme of work available in the syllabus your companion. Without the syllabus, your preparation will be insignificant.

New JAMB Syllabus for Economics 2024

JAMB 2024 Syllabus for Econs is right here for your PDF Download as provided by JAMB in its official website at www.jamb.org.ng for all JAMB 2024/2025 Candidates who have or are planning of purchasing their JAMB Form.

Read this before moving ahead:

The Joint Admission and Matriculation Board (JAMB) has given out the JAMB syllabus for 2024 and you can download it here in its pdf form.

This guide on JAMB Syllabus for Economics 2024 will list all the topics needed for Economics in its pdf form. This will help all the candidates to have a pre-knowledge of the area they should concentrate in order to ease their study time for JAMB 2024.

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Most candidates at times do not understand the benefit of having the JAMB 2024 Syllabus in their electronic devices. Here, we are going to list all the benefit of knowing the Econs syllabus for JAMB 2024 obtainable at www.jamb.org.ng portal.

  • Having JAMB Syllabus for Economics 2024 will help you to prepare for JAMB 2024
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  • Knowing the Economics syllabus for JAMB 2024 will ease your study because you will easily know the areas to concentrate.
  • JAMB Economics syllabus for 2024 is actually what every candidate needs in order to be successful and pass it only at first sitting.

www.jamb.org.ng for Economics JAMB syllabus 2024

The official JAMB website to get the JAMB syllabus for all subject is www.jamb.org.ng. But we have made it very easy for you by extracting it and made it available for you in a PDF Download form.  

To achieve this, all you have to do is to get a device that can access the below JAMB 2024 Economics syllabus given in a PDF Download form. Once you have successfully downloaded the syllabus for JAMB 2024, use it as your study guide and you will surely succeed.  

PDF Download of JAMB syllabus for Economics 2024

Just as I have said earlier, the Downloadable pdf form of JAMB 2024 Syllabus for Economics is given here. All you have to do is to click on the link below to download it for free.  

  1. Economics as a science


 Basic Concepts: Wants, Scarcity, choice, scale of preference, opportunity cost, Rationality, production, distribution, consumption.

Economic problems of: What, how and for whom to produce and efficiency of resource use.

Application of PPF to solution of economic problems.

  1. Economics as a science


Basic Concepts: Wants, Scarcity, choice, scale of preference, opportunity cost, Rationality, production, distribution, consumption.

Economic problems of: What, how and for whom to produce and efficiency of resource use.

Application of PPF to solution of economic problems.

  1. Economic Systems


Types and characteristics of free enterprise, centrally planned and mixed economies

Solutions to economic problems under different systems

Contemporary issues in economic systems (economic reforms e.g deregulation, banking sector consolidation, cash policy reform).

  1. Methods and Tools of Economic Analysis


Scientific Approach:

  1. inductive and deductive methods
  2. positive and normative reasoning

Basic Tools

  1. tables, charts and graphs
  2. measures of central tendency: mean, median and mode, and their applications.

iii. measures of dispersion; variance, standard deviation, range and their applications;

  1. merits and demerits of the tools.
  2. The Theory of Demand


meaning and determinants of demand

  1. demand schedules and curves
  2. the distinction between change in quantity demanded and change in demand.

Types of demand: Composite, derived, competitive and joint demand:

Types, nature and determinants of elasticity and their measurement – price, income and cross elasticity of demand:

Importance of elasticity of demand to consumers, producers and government.

  1. The Theory of Consumer Behaviour


Basic Concepts:

  1. utility (cardinal, ordinal, total average and marginal utilities)
  2. indifference curve and budget line.

Diminishing marginal utility and the law of demand.

Consumer equilibrium using the indifference curve and marginal analyses.

Effects of shift in the budget line and the indifference curve.

Consumer surplus and its applications.

  1. The Theory of Supply


  1. Meaning and determinants of supply
  2. Supply schedules and supply curves

iii. the distinction between change in quantity supplied and change in supply

Types of Supply: Joint/complementary, competitive and composite

Elasticity of Supply: determinants, measurements, nature and applications

  1. The Theory of Price Determination


The concepts of market and price

 Functions of the price system

  1. Equilibrium price and quantity in product and factor markets
  2. Price legislation and its effects

The effects of changes in supply and demand on equilibrium price and quantity.

  1. The Theory of Production


Meaning and types of production

Concepts of production and their interrelationships (TP, AP, MP and the law of variable proportion).

Division of labour and specialization

Scale of Production:

Internal and external economies of scale and their implications.

Production functions and returns to scale

Producers’ equilibrium isoquant-isocost and marginal analyses.

Factors affecting productivity.

  1. Theory of Costs and Revenue


The concepts of cost: Fixed, Variable, Total Average and Marginal

The concepts of revenue: Total, average and marginal revenue;

Accountants’ and Economists’ notions of cost

Short-run and long-run costs

The marginal cost and the supply curve of firm.

  1. Market Structures


Perfectly competitive market:

  1. Assumptions and characteristics;
  2. Short-run and long-run equilibrium of a perfect competitor;

Imperfect Market:

  1. Pure monopoly, discriminatory monopoly and monopolistic competition.
  2. Short-run and long-run equilibrium positions.

Break-even/shut-down analysis in the various markets.

  1. National Income


The Concepts of GNP, GDP, NI, NNP

National Income measurements and their problems

Uses and limitations of national income estimates

The circular flow of income (two and three-sector models)

The concepts of consumption, investment and savings

The multiplier and it effects

Elementary theory of income determination and equilibrium national income.

  1. Money and Inflation


Types, characteristics and functions of money

Demand for money and the supply of money

Quantity Theory of money (Fisher equation)

The value of money and the price level

Inflation: Types, measurements, effects and control

Deflation: Measurements, effects and control.

  1. Financial Institutions


Types and functions of financial institutions (traditional, central bank, mortgage banks, merchant banks, insurance companies, building societies);

The role of financial institutions in economic development;

Money and capital markets

Financial sector regulations

Deposit money banks and the creation of money

Monetary policy and its instruments

Challenges facing financial institutions in Nigeria.

  1. Public Finance

Meaning and objectives

Fiscal policy and its instruments

Sources of government revenue (taxes royalties, rents, grants and aids)

Principles of taxation

Tax incidence and its effects

The effects of public expenditure

Government budget and public debts

Revenue allocation and resource control in Nigeria.

  1. Economic Growth and Development


Meaning and scope

Indicators of growth and development

Factors affecting growth and development

Problems of development in Nigeria

Development planning in Nigeria.

  1. Agriculture in Nigeria


Types and features;

The role of agriculture in economic development;

Problems of agriculture;

Effects of agricultural policies and their effects;

Instability in agricultural incomes (causes, effects and solutions).

  1. Industry and Industrialization


Concepts and effects of location and localization of industry in Nigeria;

Strategies and Industrialization in Nigeria;

Industrialization and economic development in Nigeria;

Funding and management of business organization;

Factors determining the size of firms.

  1. Natural Resources and the Nigerian Economy



Development of major natural resources (petroleum, gold, diamond, timber etc);

Contributions of the oil and the non-oil sectors to the Nigerian economy;

Linkage effects;

Upstream/downstream of the oil sector;

The role of NNPC and OPEC in the oil sector;

Challenges facing natural resources exploitation.

  1. Business Organizations


Private enterprises (e.g. sole-proprietorship, partnership, limited liability companies and cooperative societies)

Problems of private enterprises;

Public enterprises and their problems;

Funding and management of business organizations;

Factors determining the size of firms;

Privatization and Commercialization as solutions to the problems of public enterprises.

  1. Population


Meaning and theories;

Census: importance and problems.

Size and growth: over-population, under- population and optimum population.

Structure and distribution;

Population policy and economic development.

  1. International Trade


Meaning and basis for international trade (absolute and comparative costs etc)

Balance of trade and balance of payments: problems and corrective measures;

Composition and direction of Nigeria’s foreign trade;

Exchange rate: meaning, types and determination.

  1. International Economic Organizations


Roles and relevance of international organization e.g. ECOWAS, AU, EU, ECA, IMF, EEC, OECD, World Bank, IBRD, WTO, ADB and UNCTAD etc to Nigeria.

  1. Factors of Production and their Theories


Types, features and rewards;

Determination of wages, interest and profits;

Theories: marginal productivity theory of wages and liquidity preference theory;

Factor mobility and efficiency;

Unemployment and its solutions

Economics Recommended Textbooks for JAMB 2021

Aderinto, A.A et al (1996) Economics: Exam Focus, Ibadan: University Press Plc.

Black, J. (1997) Oxford Dictionary of Economics. Oxford: Oxford University Press

Eyiyere, D.O. (1980) Economics Made Easy, Benin City, Quality Publishers Ltd.

Fajana, F et al (1999) Countdown to SSCE/JME Economics Ibadan: Evans

Falodun, A.B. et al (1997) Round-up Economics, Lagos: Longman

Kountsoyiannis, A. (1979) Modern Microeconomics, London: Macmillan

Lipsey, R.G. (1997) An Introduction to Positive Economics, Oxford: Oxford University Press.

Samuelson, P and Nordhaus, W. (1989) Economics, Singapore: McGraw-Hill

Udu E and Agu G.A. (2005) New System Economics: a Senior Secondary Course, Ibadan: Africana FIRST Publishers Ltd.

Wannacott and Wannacott (1979) Economics, New York: McGraw-Hill.

Brownson-oton Richard (2010) What is Micro-Economics? Niky Printing and Publishing coy.

Link to JAMB 2024 Economics syllabus PDF


How to Pass JAMB 2024


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