Economics is one of the most popular subjects offered in the JAMB UTME, especially among candidates pursuing courses like Accounting, Business Administration, Banking & Finance, and Economics itself.
To perform excellently in JAMB Economics 2025/2026, you must focus on high-yield, frequently repeated topics. This official guide provides a complete list of commonly repeated Economics topics, their significance, and helpful exam strategies.
Overview of JAMB Economics Exam
- Total Number of Questions: 40
- Question Type: Multiple Choice
- Time Allocation: Part of the overall 2-hour UTME duration
- Curriculum Source: SSCE/WAEC/NECO Syllabus
Frequently Repeated Topics in JAMB Economics (2025/2026)
Below is a breakdown of topics that have appeared most consistently in past JAMB exams:
1. Basic Economic Concepts
- Definition of Economics (by Adam Smith, Alfred Marshall, Lionel Robbins, etc.)
- Human Wants and Scarcity
- Opportunity Cost
- Types of Wants (Scale of Preference & Choice)
Reason JAMB loves it: This topic forms the foundation of Economics. Almost every JAMB paper starts with 1–2 questions from here.
2. Theory of Demand and Supply
- Law of Demand & Supply
- Demand and Supply Curves
- Determinants and Exceptions to the Laws
- Price Control & Disequilibrium
- Market Equilibrium (Excess Demand/Supply)
Why it repeats: It’s core to market understanding. Graph interpretation questions are common here.
3. Elasticity of Demand and Supply
- Types of Elasticity (Price, Income, Cross)
- Determinants of Elasticity
- Elastic vs Inelastic Demand Curves
Key to note: JAMB asks questions that involve calculating and interpreting elasticity.
4. Production and Factors of Production
- Land, Labour, Capital, and Entrepreneurship
- Types of Production (Primary, Secondary, Tertiary)
- Division of Labour and Specialization
- Scale of Production & Law of Variable Proportions
Popular area for definitions and classifications.
5. Market Structures
- Perfect Competition
- Monopoly
- Oligopoly
- Monopolistic Competition
Focus: Characteristics, price/output determination, and differences between structures.
6. National Income and Economic Growth
- Concepts: GDP, GNP, NNP, etc.
- Methods of Calculating National Income
- Problems in Measuring National Income
- Economic Development vs Economic Growth
JAMB likes asking calculations and concepts here.
7. Money and Banking
- Functions of Money
- Types of Money
- Commercial vs Central Bank Functions
- Money Creation
- Inflation and Its Control
Expect practical questions and definitions.
8. Public Finance and Taxation
- Government Revenue & Expenditure
- Types and Canons of Taxation
- Budget (Surplus, Deficit, Balanced)
- Fiscal Policy
Frequently appears in recent JAMB exams.
9. International Trade
- Trade Terms (Balance of Trade, Balance of Payment)
- Comparative and Absolute Advantage
- Exchange Rate Systems
- Trade Barriers and Protectionism
- ECOWAS and Other Trade Organizations
Questions often include real-world scenarios.
10. Population and Labour Market
- Population Theories (Malthusian, Optimum)
- Population Census and Density
- Labour Market Structure
- Unemployment and Underemployment
Mostly conceptual and statistical-based questions.
11. Agriculture in the Nigerian Economy
- Roles of Agriculture
- Problems and Solutions
- Types of Farming Systems
- Government Agricultural Policies
Local context makes it a JAMB favourite.
12. Industrialization and Economic Planning
- Types and Importance of Industries
- Obstacles to Industrial Growth
- Definition and Types of Economic Plans
- Problems of Economic Planning
Focus is often on Nigeria's development experience.
13. Trade Associations and ECOWAS
- Trade Unions, Employers’ Associations
- Functions and Problems
- ECOWAS – Objectives and Achievements
Current affairs related to ECOWAS may be included.
Study Strategies for JAMB Economics 2025
- Practice With Past Questions
Identify recurring patterns from the past 10 years. - Use Graphs and Charts
Be comfortable with plotting demand/supply curves and interpreting data. - Focus on Definitions and Laws
JAMB often twists common definitions to test depth of understanding. - Solve Numerical Problems
Master basic calculations for elasticity, national income, and equilibrium. - Follow JAMB Syllabus
It helps streamline what to read and practice.
Frequently Asked Questions (FAQs)
1. Does JAMB repeat Economics questions?
Yes, many questions are either repeated or modified versions of past questions.
2. How can I score 80+ in JAMB Economics?
Study repeated topics, use JAMB past questions, master definitions and calculations, and understand diagrams.
3. Are calculations common in JAMB Economics?
Yes. Expect simple mathematical questions on elasticity, national income, and price determination.
4. What textbook should I use for JAMB Economics?
- Comprehensive Economics by P.A. Samuelson
- Essential Economics for Senior Secondary Schools by C.E. Ande
- JAMB-recommended textbooks
5. Is Economics compulsory for all commercial students?
Yes, for most commercial-related courses like Accounting, Business Admin, and Economics.
Conclusion
To succeed in JAMB Economics 2025/2026, focus on topics JAMB repeats frequently, understand key concepts, practice past questions, and manage time well during the exam.
