JAMB Syllabus For Economics 2025/2026

This article provides a detailed overview of the JAMB Economics syllabus, including key topics, and study tips.

By following this guide, you can streamline your preparation and maximize your chances of success in the upcoming Unified Tertiary Matriculation Examination (UTME).

What is the JAMB Economics Syllabus?

The JAMB Economics syllabus is a structured document designed to help candidates prepare effectively for the UTME Economics examination. It outlines the key topics, learning objectives, and recommended resources that students must study to perform well.

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This syllabus focuses on testing candidates’ understanding of economic principles, theories, and their applications.

Why is the JAMB Economics Syllabus Important?

Focused Preparation: It helps students concentrate on relevant topics instead of wasting time on unrelated material.
Guidance on Exam Scope: The syllabus defines the exam’s boundaries, ensuring you know what to expect.
Efficient Study Planning: By breaking down topics, you can create a practical study schedule.
Improved Performance: Adhering to the syllabus enhances your chances of scoring high in Economics.

Key Topics in the JAMB Economics Syllabus 2025/2026

The syllabus is divided into several sections, each covering essential aspects of Economics. Below are the key topics you should focus on:

1. Economics as a Science

Basic concepts: wants, scarcity, choice, and opportunity cost.
The scientific nature of Economics and its methodologies.

2. Economic Systems

Types of economic systems: free enterprise, centrally planned, and mixed economies.
Characteristics, merits, and demerits of each system.

3. Methods and Tools of Economic Analysis

Scientific methods and tools for analyzing data.
Statistical tools such as graphs, charts, and tables.

4. The Theory of Demand and Supply

Laws of demand and supply.
Elasticity: price, income, and cross elasticity.

JAMB Syllabus for Economics 2025/2026

TOPICS/CONTENTS/NOTES	OBJECTIVES
1. Economics as a science a. Basic Concepts: wants, scarcity, choice, scale of preference, opportunity cost, rationality, production, distribution, consumption. b.(i) Economic problems of: what, how and for whom to produce and efficiency of resource use. b.(ii) Application of PPF to solution of economic problems.	Candidates should be able to; (i) compare various concepts in economics and their applications; (ii) interpret graphs/schedules in relation to the concepts; (iii) identify economic problems (iv) proffer solutions to economic problems
2. Economic Systems a. Types and characteristics of free enterprise, centrally planned and mixed economies b. Solutions to economic problems under different systems c. Contemporary issues in economic systems (economic reforms e.g deregulation, banking sector consolidation, cash policy reform).	Candidates should be able to; (i) compare the various economic systems; (ii) apply the knowledge of economic systems to contemporary issues in Nigeria (iii) proffer solutions to economic problems in different economic systems.
3. Methods and Tools of Economic Analysis a. Scientific Approach: i. inductive and deductive methods ii. positive and normative reasoning b. Basic Tools i. tables, charts and graphs ii. measures of central tendency: mean, median and mode, and their applications. iii. measures of dispersion; variance, standard deviation, range and their applications; iv. merits and demerits of the tools.	Candidates should be able to; (i) distinguish between the various forms of reasoning; (ii) apply these forms of reasoning to real life situations; (iii) use the tools to interpret economic data; (iv) analyze economic data using the tools; (v) understand the merits and demerits of the tools.
4. The Theory of Demand a. i. meaning and determinants of demand ii. demand schedules and curves iii. the distinction between change in quantity demanded and change in demand. b. Types of demand: Composite, derived, competitive and joint demand: c. Types, nature and determinants of elasticity and their measurement – price, income and cross elasticity of demand: d. Importance of elasticity of demand to consumers, producers and government.	Candidates should be able to; (i) identify the factors determining demand; (ii) interpret demand curves from demand schedules; (iii) differentiate between change in quantity demanded and change in demand; (iv) compare the various types of demand and their interrelationships; (v) relate the determinants to the nature of elasticity; (vi) compute elasticities; (vii) interpret elasticity coefficients in relation to real life situations.
5. The Theory of Consumer Behavior a. Basic Concepts: i. utility (cardinal, ordinal, total average and marginal utilities) ii. indifference curve and budget line. b. Diminishing marginal utility and the law of demand. c. Consumer equilibrium using the indifference curve and marginal analyses. d. Effects of shift in the budget line and the indifference curve. e. Consumer surplus and its applications.	Candidates should be able to; (i) explain the various utility concepts; (ii) apply the law of demand using the marginal utility analysis; (iii) use indifference curve and marginal analyses to determine consumer equilibrium; (iv) relate the income and substitution effects; (v) apply consumer surplus to real life situations.

TOPICS/CONTENTS/NOTES

OBJECTIVES

1. Economics as a science

a. Basic Concepts:
wants, scarcity, choice, scale of preference, opportunity cost, rationality,
production, distribution, consumption.

b.(i) Economic problems of:
what, how and for whom to produce and
efficiency of resource use.

b.(ii) Application of PPF to solution of economic problems.

Candidates should be able to;

(i) compare various concepts in economics and their applications;

(ii) interpret graphs/schedules in relation to the concepts;

(iii) identify economic problems

(iv) proffer solutions to economic problems

2. Economic Systems

a. Types and characteristics of free enterprise, centrally planned and mixed economies

b. Solutions to economic problems under
different systems

c. Contemporary issues in economic systems (economic reforms e.g deregulation, banking sector consolidation, cash policy reform).

Candidates should be able to;

(i) compare the various economic systems;

(ii) apply the knowledge of economic
systems to contemporary issues in
Nigeria

(iii) proffer solutions to economic problems in different economic systems.

3. Methods and Tools of Economic Analysis

a. Scientific Approach:
i. inductive and deductive methods
ii. positive and normative reasoning

b. Basic Tools
i. tables, charts and graphs
ii. measures of central tendency: mean,
median and mode, and their applications.
iii. measures of dispersion; variance,
standard deviation, range and their
applications;
iv. merits and demerits of the tools.

Candidates should be able to;

(i) distinguish between the various forms of reasoning;

(ii) apply these forms of reasoning to real life situations;

(iii) use the tools to interpret economic data;

(iv) analyze economic data using the tools;

(v) understand the merits and demerits of the tools.

4. The Theory of Demand

a. i. meaning and determinants of demand
ii. demand schedules and curves
iii. the distinction between change in
quantity demanded and change in demand.

b. Types of demand:
Composite, derived, competitive and joint demand:

c. Types, nature and determinants of
elasticity and their measurement – price, income and cross elasticity of demand:

d. Importance of elasticity of demand to
consumers, producers and government.

Candidates should be able to;

(i) identify the factors determining demand;

(ii) interpret demand curves from demand
schedules;

(iii) differentiate between change in quantity demanded and change in demand;

(iv) compare the various types of demand and their interrelationships;

(v) relate the determinants to the nature of elasticity;

(vi) compute elasticities;

(vii) interpret elasticity coefficients in relation to real life situations.

5. The Theory of Consumer Behavior

a. Basic Concepts:
i. utility (cardinal, ordinal, total average and marginal utilities)
ii. indifference curve and budget line.

b. Diminishing marginal utility and the law
of demand.

c. Consumer equilibrium using the
indifference curve and marginal analyses.

d. Effects of shift in the budget line and the indifference curve.

e. Consumer surplus and its applications.

Candidates should be able to;

(i) explain the various utility concepts;

(ii) apply the law of demand using the
marginal utility analysis;

(iii) use indifference curve and marginal
analyses to determine consumer equilibrium;

(iv) relate the income and substitution effects;

(v) apply consumer surplus to real life
situations.

Study Tips for the JAMB Economics Examination

Understand the Syllabus: Familiarize yourself with all topics and objectives outlined in the syllabus.
Use Recommended Textbooks: Stick to textbooks recommended by JAMB for in-depth explanations.
Practice Past Questions: Solve past questions to understand the exam format and improve speed.
Join Study Groups: Collaborate with peers to share knowledge and tackle difficult topics.
Schedule Regular Revisions: Review topics consistently to reinforce your understanding.
Seek Expert Guidance: Consult teachers or mentors for clarification on challenging areas.

What is the JAMB Economics Syllabus?

Why is the JAMB Economics Syllabus Important?

Key Topics in the JAMB Economics Syllabus 2025/2026

1. Economics as a Science

2. Economic Systems

3. Methods and Tools of Economic Analysis

4. The Theory of Demand and Supply

JAMB Syllabus for Economics 2025/2026

Study Tips for the JAMB Economics Examination

JAMB Syllabus for All Subjects