JAMB Economics: topics to study
27 topics in 6 sections. In JAMB UTME, each subject is a multiple-choice paper written on a computer: 60 questions for Use of English and 40 for each other subject, all in one sitting.
How to study Economics for JAMB
Economics questions test definitions, diagrams and their meaning. Draw demand and supply diagrams until they are automatic, and connect topics to real Nigerian examples.
JAMB Economics topics
1.Basic Concepts
- Scarcity, choice and opportunity cost
- Economic systems
- Basic tools of economic analysis
2.Demand, Supply and Prices
- Theory of demand
- Theory of supply
- Price determination and equilibrium
- Elasticity
- Price control
3.Production and Firms
- Factors of production
- Costs and revenue
- Market structures
- Business organisations
- Location of industry
4.Money, Banking and Public Finance
- Money and inflation
- Financial institutions
- Central bank and monetary policy
- Public finance and taxation
- Budget and national debt
5.National Economy
- National income
- Population and labour market
- Agriculture in Nigeria
- Economic growth and development planning
6.International Economics
- International trade
- Balance of payments
- Exchange rates
- Economic integration (ECOWAS, AU)
- International economic organisations
This outline follows the structure of the official syllabus. Check the current Economics syllabus on the JAMB website for this year's exact list and any set texts.