syllabus for Economics in JAMB 2025 Topics *Section A: Basic Economic Concepts* 1. Scarcity and choice 2. Opportunity cost 3. Economic systems (traditional, command, market) 4. Economic growth and development 5. Economic indicators (GDP, inflation rate, unemployment rate) *Section B: Microeconomics* 1. Demand and supply 2. Market structures (perfect competition, monopoly, oligopoly) 3. Consumer behavior 4. Production and cost 5. Market failure *Section C: Macroeconomics* 1. National income accounting 2. Aggregate demand and supply 3. Fiscal policy 4. Monetary policy 5. International trade *Section D: Economic Development and Planning* 1. Meaning and measurement of economic development 2. Factors affecting economic development 3. Strategies for economic development 4. Role of government in economic development 5. International organizations and economic development *Section E: International Economics* 1. Gains from trade 2. Tariffs and trade agreements 3. Balance of payments 4. Exchange rates 5. International economic institutions