WASSCE syllabus · Main subject in Commercial
Economics
Every topic in the WASSCE Economics syllabus, grouped the way you will study it, with lessons written for Sierra Leone students.
- syllabus topics
- 26
- lessons
- 52
- of study
- 6 h 28 min
- practice questions
- 208
The first lesson of every topic is free. No card needed.
Course outline
Economics syllabus, section by section
Lessons published for 26 of 26 topics
01Economic Foundations4 topics · 8 lessons · 1 h 2 min
- 01Nature and Scope of EconomicsWhat economics is, why we study it, and the difference between positive and normative economics.1What economics is: definitions and subject matterFree2Micro and macro, positive and normative economics7 min 2 lessons 14 min
- 02Basic Concepts of EconomicsScarcity, choice, opportunity cost, wants, and the basic economic problem every society faces.1Wants, scarcity, choice and opportunity costFree2The basic economic problems and the production possibility curve9 min 2 lessons 19 min
- 03Tools of Economic AnalysisTables, charts, graphs, averages, percentages, and other tools used to analyse economic data.1Tables, charts and graphs in economicsFree2Mean, median, mode and standard deviation8 min 2 lessons 16 min
- 04Economic SystemsCapitalist, socialist, and mixed economic systems — their features, advantages, and disadvantages.1Capitalism and socialismFree2The mixed economy6 min 2 lessons 13 min
02Production & Factors of Production3 topics · 6 lessons · 40 min
- 01Factors of ProductionLand, labour, capital, and entrepreneurship — their features and their rewards.1Land and labourFree2Capital and the entrepreneur7 min 2 lessons 13 min
- 02Production TheoryTypes of production, the production function, division of labour, and the law of variable proportions.1Types of production and division of labourFree2Total, average and marginal product; the law of diminishing returns6 min 2 lessons 13 min
- 03Concepts of Cost and RevenueFixed and variable costs, average and marginal cost, total and marginal revenue, with worked examples.1Fixed, variable, average and marginal costsFree2Revenue and profit maximisation7 min 2 lessons 14 min
03Markets, Demand & Supply7 topics · 14 lessons · 1 h 44 min
- 01DemandMeaning of demand, the demand schedule, the demand curve, and factors that shift demand.1What demand is and the law of demandFree2Determinants of demand, shifts and types of demand7 min 2 lessons 14 min
- 02SupplyMeaning of supply, the supply schedule, the supply curve, and factors that shift supply.1What supply is and the law of supplyFree2Determinants of supply, shifts and types of supply7 min 2 lessons 14 min
- 03Price Determination and Market EquilibriumHow demand and supply together determine price, equilibrium, and the effect of price controls.1Equilibrium price, surpluses and shortagesFree2Shifts in equilibrium and price controls9 min 2 lessons 15 min
- 04Elasticity of Demand and SupplyPrice, income, and cross elasticity — how to calculate them and what they mean for producers and government.1Price elasticity of demandFree2Income, cross and supply elasticity; uses of elasticity8 min 2 lessons 15 min
- 05Consumer BehaviourUtility, marginal utility, the law of diminishing marginal utility, and consumer equilibrium.1Utility and the law of diminishing marginal utilityFree2Consumer equilibrium and consumer surplus7 min 2 lessons 14 min
- 06The FirmTypes of business organisations, sole proprietorship, partnership, companies, and cooperatives.1Firms, industries and types of business organisationFree2Scale of production: economies and diseconomies of scale7 min 2 lessons 17 min
- 07Market StructuresPerfect competition, monopoly, monopolistic competition, and oligopoly — features and comparisons.1Perfect competitionFree2Monopoly, monopolistic competition and oligopoly8 min 2 lessons 15 min
04Labour, Population & Sectors4 topics · 8 lessons · 1 h 1 min
- 01Labour and WagesThe labour market, types of wages, wage determination, trade unions, and unemployment.1The labour force, the demand and supply of labour, and wagesFree2Real wages, trade unions and unemployment8 min 2 lessons 17 min
- 02PopulationPopulation size, growth, distribution, structure, and the implications of overpopulation and underpopulation.1Population size, growth, structure and migrationFree2Population theories: Malthus, the optimum and the demographic transition7 min 2 lessons 15 min
- 03Agriculture in West AfricaSubsistence vs commercial agriculture, problems of West African agriculture, and policies to support farmers.1Agriculture: importance, farming systems, problems and solutionsFree2Farm prices, agricultural marketing and government policy8 min 2 lessons 15 min
- 04IndustrializationTypes of industries, the role of industry in development, and challenges of industrialisation in West Africa.1Industrialisation and the location of industriesFree2Strategies and problems of industrialisation, small firms and foreign investment7 min 2 lessons 14 min
05Macroeconomics & Money4 topics · 8 lessons · 1 h 1 min
- 01National IncomeGDP, GNP, NNP, methods of measuring national income, and the circular flow of income.1National income: concepts, the circular flow and measurementFree2Leakages and injections, uses and problems of national income figures8 min 2 lessons 16 min
- 02Money and BankingFunctions of money, the banking system, the central bank, commercial banks, and monetary policy.1Money: barter, functions, qualities, demand and valueFree2Commercial banks, credit creation, the central bank and financial markets8 min 2 lessons 16 min
- 03Inflation and DeflationTypes and causes of inflation, effects on the economy, and how government tries to control inflation.1Inflation: meaning, measurement and causesFree2Effects and control of inflation, and deflation7 min 2 lessons 14 min
- 04Public Finance and TaxationGovernment revenue and expenditure, the budget, types of taxes, and principles of taxation.1Public finance: government revenue, spending, budgets and debtFree2Taxation: principles, types and effects8 min 2 lessons 15 min
06International Trade & Development4 topics · 8 lessons · 1 h
- 01International TradeWhy countries trade, comparative and absolute advantage, terms of trade, and trade restrictions.1International trade, comparative advantage and the terms of tradeFree2Free trade, protection and Sierra Leone's foreign trade7 min 2 lessons 15 min
- 02Balance of Payments and Exchange RatesBalance of payments structure, deficits and surpluses, exchange rate systems, and currency devaluation.1The balance of paymentsFree2Exchange rates, devaluation and international financial institutions8 min 2 lessons 16 min
- 03Economic Growth, Development, and PlanningDifferences between growth and development, indicators of development, and the role of economic planning.1Economic growth and development, and the vicious circle of povertyFree2Development planning and foreign aid7 min 2 lessons 15 min
- 04Economic Integration in West AfricaTypes of economic integration, the work of ECOWAS, and benefits and challenges of regional cooperation.1Economic integration: forms, benefits and problemsFree2ECOWAS, the Mano River Union and African integration7 min 2 lessons 14 min
208 Economics practice questions, marked instantly
4 sets of original WASSCE-style questions, each with the full working. They are not WAEC past papers.
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