2025 JAMB ECONOMICS Syllabus is Out: Get Ready to Excel in UTME
Are you preparing for the 2025 Unified Tertiary Matriculation Examination (UTME)? Great news! The official 2025 JAMB CBT syllabus has been released, and you’re at the right place to get all the details you need to succeed. This syllabus is your ultimate guide to understanding each subject’s topics, objectives, and expectations.
OBJECTIVES OF COMPUTER STUDIES JAMB SYLLABUS
1. demonstrate sufficient knowledge and understanding of the basic concepts, tools and their
general applications to economic analysis;
2. identify and explain the basic structures, operations and roles of the various economic units and institutions (national and international);
3. describe major economic activities – production, distribution and consumption;
4. identify and appraise the basic and current economic problems of society;
5. develop the competence to proffer solutions to economic problems identified.
RECOMMENDED TEXTS
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.
Brownson-oton Richard (2010) What is Macro-Economics? Niky Printing and Publishing coy
WHY YOU NEED JAMB COMPUTER STUDIES SYLLABUS
Are you preparing for JAMB Economics and aiming for a high score? The JAMB syllabus is your ultimate guide to success! Here’s why you must use it:
Know What to Study – The syllabus outlines all the topics JAMB will test you on, so you don’t waste time on irrelevant materials.
Focus on Key Areas – It highlights important concepts and frequently tested topics, helping you prepare smartly.
Understand Exam Expectations – With a breakdown of subjects and topics, you’ll know exactly what JAMB expects from you.
Boost Your Confidence – Studying with the syllabus ensures you’re fully prepared, reducing exam anxiety.
Score Higher, Faster – By using the syllabus to practice past questions and relevant topics, you increase your chances of scoring 300+!
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DETAILED 2025/2026 ECONOMICS JAMB SYLLABUS
1. Economics as a science
a. Basic Concepts:
wants, scarcity, choice, scale of
preference, opportunity cost, rationality,
production, distribution, consumption.
b.(i) Economic problems of:
what, how and for whom to produce and
efficiency of resource use.
b.(ii)Application of PPF to solution of economic
problems.
2. Economic Systems
a. Types and characteristics of free
enterprise, centrally planned
and mixed economies
b. Solutions to economic problems under
different systems
c. Contemporary issues in economic systems
(economic reforms e.g deregulation, banking sector consolidation, cash policy reform).
3. Methods and Tools of Economic Analysis
a. Scientific Approach:
i. inductive and deductive methods
ii. positive and normative reasoning
b. Basic Tools
i. tables, charts and graphs
ii. measures of central tendency: mean,
median and mode, and their
applications.
iii. measures of dispersion; variance,
standard deviation, range and their
applications;
iv. merits and demerits of the tools.
4. The Theory of Demand
a. i. meaning and determinants of demand
ii. demand schedules and curves
iii. the distinction between change in
quantity demanded and change in
demand.
b. Types of demand:
Composite, derived, competitive and
joint demand:
c. Types, nature and determinants of
elasticity and their measurement –
price, income and cross elasticity of
demand:
d. Importance of elasticity of demand to
consumers, producers and government.
5. The Theory of Consumer Behaviour
a. Basic Concepts:
i. utility (cardinal, ordinal, total
average and marginal utilities)
ii. indifference curve and budget
line.
b. Diminishing marginal utility and the law
of demand.
c. Consumer equilibrium using the
indifference curve and marginal
analyses.
d. Effects of shift in the budget line and the
indifference curve.
e. Consumer surplus and its applications.
6. The Theory of Supply
a. i. Meaning and determinants of
supply
ii. Supply schedules and supply curves
iii. the distinction between change in
quantity supplied and change in
supply
b. Types of Supply:
Joint/complementary, competitive and
composite
c. Elasticity of Supply:
determinants, measurements, nature and
applications
7. The Theory of Price Determination
a. The concepts of market and price
b. Functions of the price system
c. i. Equilibrium price and quantity in product and factor markets
iii. Price legislation and its effects
d. The effects of changes in supply and
demand on equilibrium price and
quantity.
8. The Theory of Production
a. Meaning and types of production
b. Concepts of production and their
interrelationships (TP, AP, MP and the
law of variable proportion).
c. Division of labour and specialization
d. Scale of Production:
Internal and external economies of scale
and their implications.
e. Production functions and returns to scale
f. Producers’ equilibrium isoquant-isocost
and marginal analyses.
g. Factors affecting productivity.
9. Theory of Costs and Revenue
a. The concepts of cost:
Fixed, Variable, Total Average and
Marginal
b. The concepts of revenue: Total, Average
and Marginal revenue;
c. Accountants’ and Economists’ notions
of cost
d. Short-run and long-run costs
e. The marginal cost and the supply curve
of firm.
10. Market Structures
a. Perfectly competitive market:
i. Assumptions and characteristics;
ii. Short-run and long-run equilibrium
of a perfect competitor;
b. Imperfect Market:
i. Pure monopoly, discriminatory
monopoly and monopolistic
competition.
ii. Short-run and long-run equilibrium
positions.
c. Break-even/shut-down analysis in the
various markets.
11. National Income
a. The Concepts of GNP, GDP, NI, NNP
b. National Income measurements and their
problems
c. Uses and limitations of national income
estimates
d. The circular flow of income (two and
three-sector models)
e. The concepts of consumption,
investment and savings
f. The multiplier and it effects
g. Elementary theory of income
determination and equilibrium national
income.
12. Money and Inflation
a. Types, characteristics and functions of
money
b. Demand for money and the supply of
money
c. Quantity Theory of money (Fisher
equation)
d. The value of money and the price level
e. Inflation: Types, measurements, effects
and control
f. Deflation: Measurements, effects and
control.
13. Financial Institutions
a. Types and functions of financial
institutions (traditional, central bank,
mortgage banks, merchant banks,
insurance companies, building societies);
b. The role of financial institutions in
economic development;
c. Money and capital markets
d. Financial sector regulations
e. Deposit money banks and the creation of
money
f. Monetary policy and its instruments
g. Challenges facing financial institutions
in Nigeria.
14. Public Finance
a. Meaning and objectives
b. Fiscal policy and its instruments
c. Sources of government revenue (taxes
royalties, rents, grants and aids)
d. Principles of taxation
e. Tax incidence and its effects
f. The effects of public expenditure
g. Government budget and public debts
h. Revenue allocation and resource control
in Nigeria.
15. Economic Growth and Development
a. Meaning and scope
b. Indicators of growth and development
c. Factors affecting growth and
development
d. Problems of development in Nigeria
e. Development planning in Nigeria.
16. Agriculture in Nigeria
a. Types and features;
b. The role of agriculture in economic
development;
c. Problems of agriculture;
d. Agricultural policies and their effects;
e. Instability in agricultural incomes
(causes, effects and solutions).
17. Industry and Industrialization
a. Concepts and effects of location and
localization of industry in Nigeria;
b. Strategies and Industrialization in
Nigeria;
c. Industrialization and economic
development in Nigeria;
d. Funding and management of business
organization;
e. Factors determining the size of firms.
18. Natural Resources and the Nigerian
Economy
a. Development of major natural resources
(petroleum, gold, diamond, timber etc);
b. Contributions of the oil and the non-oil
sectors to the Nigerian economy;
c. Linkage effects;
d. Upstream/downstream of the oil sector;
e. The role of NNPC and OPEC in the oil
sector;
f. Challenges facing natural resources
exploitation.
19. Business Organizations
a. Private enterprises (e.g. sole proprietorship,
partnership, limited liability companies
and cooperative societies)
b. Problems of private enterprises;
c. Public enterprises and their problems;
d. Funding and management of business
organizations;
e. Factors determining the size of firms;
f. Privatization and Commercialization as
solutions to the problems of public
enterprises.
20. Population
a. Meaning and theories;
b. Census: importance and problems.
c. Size and growth: over-population, underpopulation and optimum population.
d. Structure and distribution;
e. Population policy and economic
development.
21. International Trade
a. Meaning and basis for international trade
(absolute and comparative costs etc.)
b. Balance of trade and balance of payments:
problems and corrective measures;
c. Composition and direction of Nigeria’s
foreign trade;
d. Exchange rate: meaning, types and
determination.
22. International Economic Organizations
Roles and relevance of international
organizations e.g. ECOWAS, AU, EU, ECA,
IMF, EEC, OECD, World Bank, IBRD,
WTO, ADB and UNCTAD etc. to Nigeria.
23. Factors of Production and their Theories
a. Types, features and rewards;
b. Determination of wages, interest and
profits;
c. Theories: marginal productivity theory
of wages and liquidity preference theory;
d. Factor mobility and efficiency;
e. Unemployment and its solutions
Conclusion
The release of the 2025 JAMB Economics syllabus marks the beginning of your journey to UTME success. With a well-structured guide outlining key topics, concepts, and objectives, you now have the roadmap to study effectively and maximize your score. By focusing on the syllabus, practicing past questions, and using reliable study tools like the ExamScholars CBT App, you can gain confidence and excel in your exam.
Don’t wait until the last minute—start your preparation today! , create a study plan, and make use of available resources to boost your performance. With dedication and the right approach, scoring above 300 in JAMB Economics is within your reach!
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