Economics WAEC - Online Preparation & Practice Tests

2-Year Self-Study Program (5 Hours/Week)

WAEC Economics Examination · 2 years (4 terms per year, 8 terms total)

What you'll learn - curriculum-aligned WAEC Economics

WAEC Economics. 2-Year Self-Study Program (5 Hours/Week). WAEC Economics Examination. 2 years (4 terms per year, 8 terms total). 5 hours per week. ~400 hours over 2 years

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Economics WAEC course - lessons, practice, and exam confidence

Syllabus & topics - revision notes and practice tests

Topics & modules

Week 1: Introduction to EconomicsLesson 1.1 Definition and Scope of Economics; Lesson 1.2 Scarcity and Choice; Lesson 1.3 Scale of Preference and Opportunity Cost
Week 2: Economic Concepts and ToolsLesson 2.1 Production Possibility Curve; Lesson 2.2 Economic Activities; Lesson 2.3 Basic Tools of Economic Analysis
Week 3: Factors of ProductionLesson 3.1 Land as a Factor of Production; Lesson 3.2 Labour as a Factor of Production; Lesson 3.3 Capital and Entrepreneurship
Week 4: Economic SystemsLesson 4.1 Capitalism; Lesson 4.2 Socialism; Lesson 4.3 Mixed Economy and Problem-Solving Approaches
Week 5: Demand TheoryLesson 5.1 Concept and Law of Demand; Lesson 5.2 Types of Demand; Lesson 5.3 Factors Affecting Demand; Lesson 5.5 Additional Demand Concepts
Week 6: Elasticity of DemandLesson 6.1 Price Elasticity of Demand; Lesson 6.2 Income and Cross Elasticity of Demand; Lesson 6.3 Importance of Demand Elasticity
Week 7: Supply TheoryLesson 7.1 Concept and Law of Supply; Lesson 7.2 Types of Supply and Determining Factors; Lesson 7.3 Elasticity of Supply
Week 8: Consumer Behaviour TheoryLesson 8.1 Utility Concepts; Lesson 8.2 Law of Diminishing Marginal Utility; Lesson 8.3 Consumer Equilibrium
Week 9: Price DeterminationLesson 9.1 Market Concept and Price Determination; Lesson 9.2 Effects of Changes in Supply and Demand; Lesson 9.3 Price Controls and Market Interventions
Week 10: Term Review and AssessmentLesson 10.1 Comprehensive Review; Lesson 10.2 Term 1 Assessment
Week 11: Theory of ProductionLesson 11.1 Production Concepts; Lesson 11.2 Scale of Production; Lesson 11.3 Productivity Concepts
Week 12: Cost and Revenue TheoryLesson 12.1 Cost Concepts; Lesson 12.2 Economist vs. Accountant View of Costs; Lesson 12.3 Revenue Concepts
Week 13: Market Structures - Perfect CompetitionLesson 13.1 Market Structure Concepts; Lesson 13.2 Perfect Competition Characteristics; Lesson 13.3 Price and Output Determination in Perfect Competition
Week 14: Market Structures - Imperfect CompetitionLesson 14.1 Monopoly; Lesson 14.2 Monopolistic Competition; Lesson 14.3 Price Discrimination
Week 15: Business OrganisationsLesson 15.1 Types of Business Enterprises; Lesson 15.2 Specialised Business Forms; Lesson 15.3 Business Finance and Problems

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