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SS1 Second Term Economics Lesson Notes

Twelve free notes, in teaching order, from Basic Economics Problems of Every Society to Concept of Total Product, Average Product and Marginal Product. Read them online, or get a PDF or Word copy.

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The term, one note at a time

Start at note 1 and work down. Each note opens with its objectives and ends with evaluation questions and an assignment.

  1. Basic Economics Problems of Every SocietyNote 1 of 12

    Basic Economics Problems of Every Society

    Students should be able to state the four basic economic problems of every society.

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  2. Firms and IndustryNote 2 of 12

    Firms and Industry

    Students should be able to define a firm, a plant and an industry.

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  3. Population I: Factors Affecting Population GrowthNote 3 of 12

    Population I: Factors Affecting Population Growth

    Students should be able to define population, birth rate, death rate and migration.

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  1. Theory of PopulationNote 4 of 12

    Theory of Population

    Students should be able to state who wrote the Malthusian theory of population and when.

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  2. Population DistributionNote 5 of 12

    Population Distribution

    Students should be able to explain population distribution.

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  3. Labour MarketNote 6 of 12

    Labour Market

    Students should be able to define the labour force.

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  1. Firms and Industry II: Business OrganizationNote 7 of 12

    Firms and Industry II: Business Organization

    Students should be able to define a business organisation and name its main types.

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  2. Shares, Bonds and DebenturesNote 8 of 12

    Shares, Bonds and Debentures

    Students should be able to define a share, a debenture and a bond.

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  3. Population II: Population CensusNote 9 of 12

    Population II: Population Census

    Students should be able to define population census.

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  4. Private & Public Limited Liability CompanyNote 10 of 12

    Private & Public Limited Liability Company

    Students should be able to define a private limited liability company and a public limited liability company.

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  5. Population II: Over, Under, & Optimum PopulationNote 11 of 12

    Population II: Over, Under, & Optimum Population

    Students should be able to define underpopulation, optimum population and overpopulation.

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  6. Concept of Total Product, Average Product and Marginal ProductNote 12 of 12

    Concept of Total Product, Average Product and Marginal Product

    Students should be able to define total product, average product and marginal product.

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Every note is free to read online. A PDF or Word copy of one subject costs ₦1,000 for one term, or ₦2,000 for all three terms.

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About SS1 Second Term Economics Lesson Notes

These are the twelve SS1 Second Term Economics topics, in teaching order. The first note covers Basic Economics Problems of Every Society and the last covers Concept of Total Product, Average Product and Marginal Product.

What students learn this term
  • State the four basic economic problems of every society
  • Define a firm, a plant and an industry
  • Define population, birth rate, death rate and migration
  • State who wrote the Malthusian theory of population and when
  • Explain population distribution
  • Define the labour force
  • Define a business organisation and name its main types
  • Define a share, a debenture and a bond
  • Define population census
  • Define a private limited liability company and a public limited liability company
  • Define underpopulation, optimum population and overpopulation
  • Define total product, average product and marginal product
Recommended SS1 Economics textbooks
NameAuthorPublisher
Contemporary Economics for Senior Secondary SchoolsFG NERDC approved list, 2026 to 2028Edition: 2026T.A Bakare-Aremu, S.P Nathaniel etalLearn Africa
Fundamentals of Economics for SSCE, NBCE, UTMESchool booklist – International School, University of Ibadan (UI-owned)Edition: 2017R. A. I. AnyawuochaAfricana First Publishers Plc.
Hidden Facts in SSCE Economics - Past QuestionsSchool booklist – International School, University of Ibadan (UI-owned)Serah EnguruOtumudia Publishers Ltd

Questions teachers ask about SS1 Second Term Economics

How many SS1 Second Term Economics lesson notes are there?

There are 12 notes, from Basic Economics Problems of Every Society to Concept of Total Product, Average Product and Marginal Product. When a new note is published, this page and this number update on their own.

What topics do the notes cover?

Basic Economics Problems of Every Society, Firms and Industry, Population I: Factors Affecting Population Growth, Theory of Population, Population Distribution, Labour Market, Firms and Industry II: Business Organization, Shares, Bonds and Debentures, Population II: Population Census, Private & Public Limited Liability Company, Population II: Over, Under, & Optimum Population and Concept of Total Product, Average Product and Marginal Product.

Can I download the notes as a PDF or Word file?

Yes. Sign in with Google or Facebook, then choose the term at checkout. A PDF or Word copy of SS1 Economics for the Second Term costs ₦1,000.

Can I edit the notes to suit my class?

Yes. Use the Word copy to change anything you like, or print the PDF as it is. Either way there is no retyping.

What does each note contain?

Every note has behavioural objectives, the lesson content in short sections, evaluation questions and an assignment, so you can teach from it and set work straight away.

Is there a cheaper way to get all three terms?

Yes. All three terms of SS1 Economics cost ₦2,000 instead of ₦3,000, a saving of ₦1,000.

Do I need an account to read the notes?

No. Every note is free to read without an account. You only sign in when you want to buy a download.

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