\n\n| 1<\/td>\n | Economics as a science<\/td>\n | Wants, scarcity, choice, preference, opportunity cost, rationality, production, distribution, consumption, basic economic problems, efficiency and PPF.<\/td>\n<\/tr>\n |
\n| 2<\/td>\n | Economic systems<\/td>\n | Free enterprise, centrally planned and mixed economies; solutions to economic problems and contemporary Nigerian reforms.<\/td>\n<\/tr>\n |
\n| 3<\/td>\n | Methods and tools of economic analysis<\/td>\n | Inductive\/deductive and positive\/normative reasoning; tables, charts, graphs, mean, median, mode, range, variance and standard deviation.<\/td>\n<\/tr>\n |
\n| 4<\/td>\n | The theory of demand<\/td>\n | Meaning, determinants, schedules, curves, changes, demand types, price\/income\/cross elasticity and applications.<\/td>\n<\/tr>\n |
\n| 5<\/td>\n | The theory of consumer behaviour<\/td>\n | Utility, indifference curves, budget lines, diminishing marginal utility, equilibrium, income\/substitution effects and consumer surplus.<\/td>\n<\/tr>\n |
\n| 6<\/td>\n | The theory of supply<\/td>\n | Meaning, determinants, schedules, curves, changes, supply types and elasticity.<\/td>\n<\/tr>\n |
\n| 7<\/td>\n | The theory of price determination<\/td>\n | Market, price system, equilibrium, price legislation, supply\/demand changes and linear equations.<\/td>\n<\/tr>\n |
\n| 8<\/td>\n | The theory of production<\/td>\n | Production types, TP\/AP\/MP, variable proportions, division of labour, scale, production functions, isoquant-isocost, equilibrium and productivity.<\/td>\n<\/tr>\n |
\n| 9<\/td>\n | Theory of costs and revenue<\/td>\n | Fixed, variable, total, average and marginal costs; total, average and marginal revenue; accounting\/economic cost and short\/long run.<\/td>\n<\/tr>\n |
\n| 10<\/td>\n | Market structures<\/td>\n | Perfect competition, monopoly, discriminatory monopoly, monopolistic competition, equilibrium, break-even and shutdown.<\/td>\n<\/tr>\n |
\n| 11<\/td>\n | National income<\/td>\n | GDP, GNP, NI, NNP, measurement, limitations, circular flow, consumption, investment, savings, multiplier and equilibrium income.<\/td>\n<\/tr>\n |
\n| 12<\/td>\n | Money and inflation<\/td>\n | Types\/functions of money, demand\/supply, quantity theory, value, price level, inflation, deflation, measurement, effects and control.<\/td>\n<\/tr>\n |
\n| 13<\/td>\n | Financial institutions<\/td>\n | Types\/functions, development role, money\/capital markets, regulation, money creation, monetary policy and Nigerian challenges.<\/td>\n<\/tr>\n |
\n| 14<\/td>\n | Public finance<\/td>\n | Objectives, fiscal policy, revenue, taxation, incidence, expenditure, budgets, public debt, revenue allocation and resource control.<\/td>\n<\/tr>\n |
\n| 15<\/td>\n | Economic growth and development<\/td>\n | Meaning, indicators, factors, Nigerian development problems and planning.<\/td>\n<\/tr>\n |
\n| 16<\/td>\n | Agriculture in Nigeria<\/td>\n | Types, features, development role, problems, policies and income instability.<\/td>\n<\/tr>\n |
\n| 17<\/td>\n | Industry and industrialisation<\/td>\n | Location\/localisation, strategies, development role, funding, management and firm size.<\/td>\n<\/tr>\n |
\n| 18<\/td>\n | Natural resources and the Nigerian economy<\/td>\n | Major resources, oil\/non-oil contributions, linkages, upstream\/downstream activities, NNPC, OPEC and exploitation challenges.<\/td>\n<\/tr>\n |
\n| 19<\/td>\n | Business organisations<\/td>\n | Private\/public enterprises, ownership forms, problems, finance, management, size, privatisation and commercialisation.<\/td>\n<\/tr>\n |
\n| 20<\/td>\n | Population<\/td>\n | Meaning, theories, census, size, growth, structure, distribution, policy and development.<\/td>\n<\/tr>\n |
\n| 21<\/td>\n | International trade<\/td>\n | Absolute\/comparative costs, balance of trade\/payments, corrective measures, Nigeria’s trade and exchange rates.<\/td>\n<\/tr>\n |
\n| 22<\/td>\n | International economic organisations<\/td>\n | ECOWAS, AU, EU, ECA, IMF, EEC, OECD, World Bank\/IBRD, WTO, ADB and UNCTAD.<\/td>\n<\/tr>\n |
\n| 23<\/td>\n | Factors of production and their theories<\/td>\n | Types, features, rewards, wages, interest, profit, marginal productivity, liquidity preference, mobility, efficiency and unemployment.<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<\/div>\n |