JONAED

Economics is a dynamic subject which touches our lives daily. Irrespective of the profession that an individual pursues, he/she is exposed to economics terms at every step. Ranging from taking decisions on whether to buy a pair of shoes to whether to take a loan to purchase a house; all such decisions are driven by Economic principles. Economics as defined by Amaechi and Mgboji (2016), and Amaechi (2014), is a social science that studies economic aspect of human behaviours in his effort to allocate his scarce resources efficiently and effectively in order to minimize cost and achieve satisfactory economic objective(s). Therefore, Economics is a social science, and like any science subject, the reasoning procedure in Economics is methodological, its analysis is systematic, and the validity of its various theories can be tested. Thus an attempt has been made to integrate the theoretical foundations of the subject with their practical applications. Economics is one of the electives or group of subjects expected to be studied at the Senior Secondary School (SSS) level under the new National Policy on Education. This curriculum according to Osunnaiye cited in Yusuf (2011), has been designed by the Comparative Education study and Adaptation Centre (CESAC) to meet the requirements of Economics in the new system. The guiding principle of this curriculum is the need to equip graduates of the Senior Secondary School with the basic knowledge and skills that will enable them to better appreciate the nature of economic problems in any society.