Economics topics

AGRICULTURE

4 questions

• Agricultural Systems: Peasant, Commercial, Co-operative, and State Farming 2
• Importance of Agriculture to National Economic Development 1
• Structure of Agriculture: Food Crops, Export Crops, Livestock, and Fisheries 1

BASIC TOOLS OF ECONOMIC ANALYSIS

1 question

• Tables, Graphs, and Charts 1

BUSINESS ORGANIZATIONS

2 questions

• Indigenization and Nationalization Policies 1
• Private and Public Joint-Stock Companies 1

DEFINITION AND SCOPE OF ECONOMICS

7 questions

• Opportunity Cost 1
• Production Possibility Curve 5
• Scale of Preference 1

DEMAND

10 questions

• Concept and Measurement of Cross Elasticity of Demand 1
• Concept and Measurement of Income Elasticity of Demand 1
• Concept and Measurement of Price Elasticity of Demand 3
• Determinants of Demand 5

DISTRIBUTIVE TRADE

5 questions

• Problems and Solutions in Distributive Trade 2
• Role of Retailers in Distribution 3

ECONOMIC DEVELOPMENT AND PLANNING

5 questions

• Objectives and Elements of Development Planning 2
• Problems of Development Planning 1
• Types of Economic Plans: Short-Term, Medium-Term, Perspective, and Rolling Plans 2

ECONOMIC INTEGRATION

1 question

• Meaning, Objectives, and Levels of Economic Integration 1

FACTORS OF PRODUCTION

2 questions

• Capital: Meaning, Characteristics, and Importance 1
• Entrepreneurship: Meaning, Characteristics, and Importance 1

FINANCIAL INSTITUTIONS

2 questions

• Central Bank: Functions and Monetary Policy 1
• Commercial Banks: Functions and Credit Creation 1

INDUSTRIALIZATION

1 question

• Location and Localization of Industry 1

INTERNATIONAL ECONOMIC ORGANIZATIONS

4 questions

• African Development Bank (AfDB) 1
• International Monetary Fund (IMF) 1
• Organization of Petroleum Exporting Countries (OPEC) 2

INTERNATIONAL TRADE AND BALANCE OF PAYMENTS

3 questions

• Commercial Policy: Objectives, Tariffs, and Non-Tariff Barriers 1
• Financing Balance of Payments Deficits 1
• Meaning and Components of the Balance of Payments 1

MARKET STRUCTURE

2 questions

• Monopoly: Characteristics, Price, and Output Determination 1
• Price Discrimination 1

MONEY AND INFLATION

8 questions

• Barter System and Its Limitations 2
• Causes and Effects of Inflation 1
• Demand for and Supply of Money 4
• Types, Characteristics, and Functions of Money 1

NATIONAL INCOME

7 questions

• Gross Domestic Product (GDP) 4
• Net National Product (NNP) 2
• Trends and Structure of National Income 1

POPULATION AND LABOUR MARKET

11 questions

• Concept of the Labour Force and Human Capital 2
• Geographical, Age, Sex, and Occupational Distribution of Population 2
• Population Size and Growth Determinants 3
• Rural–Urban Migration 1
• Underpopulation, Optimum Population, and Overpopulation 1
• Unemployment and Underemployment 1
• Wage Determination 1

PUBLIC FINANCE

10 questions

• Sources of Government Revenue 5
• Structure of Public Expenditure: Recurrent and Capital 1
• Tax Systems: Proportional, Progressive, and Regressive Taxes 1
• Types of Taxes: Direct and Indirect Taxes 3

SUPPLY

8 questions

• Concept and Measurement of Elasticity of Supply 4
• Determinants of Supply 3
• Shift of versus Movement Along a Supply Curve 1

THEORY OF CONSUMER BEHAVIOUR

10 questions

• Calculation of Utility Schedules 1
• Concept and Determination of Consumer Equilibrium 2
• Concepts of Total Utility, Average Utility, and Marginal Utility 3
• Law of Diminishing Marginal Utility 3
• Relationship Between Total, Average, and Marginal Utility 1

THEORY OF COST AND REVENUE

6 questions

• Cost Concepts: Total, Average, and Marginal Costs 2
• Fixed and Variable Costs 1
• Revenue Concepts: Total, Average, and Marginal Revenue 3

THEORY OF PRICE DETERMINATION

13 questions

• Effects of Shifts in Demand and Supply on Equilibrium Price and Quantity 6
• Interaction Between Demand and Supply 1
• Maximum Price Legislation: Meaning and Effects 2
• Minimum Price Legislation: Meaning and Effects 1
• Price Determination Under Free Markets 1
• Price Determination Under Regulated Markets 2

THEORY OF PRODUCTION

6 questions

• Division of Labour and Specialization 1
• Scale of Production: Internal and External Economies 4
• Total, Average, and Marginal Productivity 1