Economics is one of the most selected subjects in the JAMB UTME. If you're aiming for admission into courses like Accounting, Business Admin, Banking & Finance, or Economics itself, then this JAMB Economics syllabus is your must-have guide. It contains the full outline of topics and objectives the Joint Admissions and Matriculation Board expects you to master before the exam.
Objectives of the JAMB Economics Syllabus
The JAMB Economics syllabus is designed to test candidates' ability to:
- Demonstrate basic knowledge of economic principles.
- Apply economic reasoning to real-life situations.
- Interpret economic data and draw conclusions.
- Understand and explain economic concepts like demand, supply, production, inflation, etc.
Full List of JAMB Economics Syllabus Topics (2025/2026)
1. Basic Economic Concepts
- Meaning and Scope of Economics
- Basic Economic Problems of Society
- Economic Systems (Capitalism, Socialism, Mixed)
- Production Possibility Curve (PPC)
2. Tools of Economic Analysis
- The use of tables, charts, and graphs
- Basic mathematical tools (ratios, percentages, averages)
3. The Theory of Demand
- Law of Demand
- Determinants of Demand
- Types of Demand
- Elasticity of Demand (Price, Income, Cross)
4. The Theory of Supply
- Law of Supply
- Determinants of Supply
- Types of Supply
- Elasticity of Supply
5. Theory of Price Determination
- Interaction of Demand and Supply
- Price Control (Ceiling and Floor Prices)
- Effects of Government Intervention
6. Production
- Types and Factors of Production
- Division of Labour and Specialization
- Scale of Production (Internal & External Economies of Scale)
- Productivity and Efficiency
7. Theory of Consumer Behavior
- Utility: Total, Average, and Marginal
- Law of Diminishing Marginal Utility
- Consumer Equilibrium
8. Market Structures
- Perfect Competition
- Monopoly
- Monopolistic Competition
- Oligopoly
9. National Income
- Concepts: GDP, GNP, NNP, NI, PI, DI
- Methods of Measuring National Income
- Problems of Measurement
10. Money and Inflation
- Functions and Characteristics of Money
- Types and Causes of Inflation
- Effects and Control of Inflation
11. Banking
- Types of Banks (Central, Commercial, Development, etc.)
- Functions of Banks
- Money Creation and Credit Control
12. Public Finance
- Government Revenue and Expenditure
- Taxation: Types, Principles, and Effects
- Budget: Surplus, Deficit, Balanced
- Public Debt
13. Economic Growth and Development
- Meaning and Indicators
- Factors Promoting or Hindering Growth
- Sustainable Development
14. Agriculture in Nigeria
- Importance and Challenges
- Types of Farming Systems
- Roles in Economic Development
15. Industry and Industrialization
- Types of Industry
- Roles in Development
- Challenges of Industrialization
16. Business Organizations
- Sole Proprietorship, Partnership, Joint-Stock Companies, Public Enterprises
- Cooperative Societies
- Formation and Management
17. Population
- Population Theories (Malthusian, Optimum, etc.)
- Census and Demographic Trends
- Population Growth and Distribution
18. Labour Market
- Meaning and Features
- Wage Determination
- Trade Unions and Labour Laws
19. International Trade
- Reasons and Benefits
- Balance of Payments and Balance of Trade
- Exchange Rate Systems
20. Economic Planning
- Types and Objectives
- Problems and Implementation in Nigeria
21. International Economic Organizations
- ECOWAS, IMF, World Bank, WTO, OPEC, AU
- Roles and Functions
Recommended Textbooks for JAMB Economics
- Comprehensive Economics for Senior Secondary Schools by Anyanwuocha
- Essential Economics by C.M. Lawal
- JAMB UTME Economics Past Questions and Answers
Exam Tips for JAMB Economics (2025)
- Understand the Concepts – Don’t just cram definitions; know how to apply them.
- Study Graphs and Data Interpretation – These often appear in questions.
- Practice Past Questions – This will show you JAMB's question pattern and areas of focus.
- Time Yourself – Practice answering 40 questions in under 30 minutes to build speed.
- Master Calculations – Be comfortable with simple arithmetic, especially on elasticity, costs, and revenue.
Frequently Asked Questions (FAQs)
Q1: How many questions are in JAMB Economics?
A: You’ll answer 40 multiple-choice questions.
Q2: Is Mathematics compulsory for Economics in JAMB?
A: Yes. For most courses involving Economics, Mathematics is a required subject.
Q3: What’s the best way to study Economics for JAMB?
A: Focus on understanding topics, not cramming. Use past questions and summaries to reinforce your memory.
Conclusion
With this Official JAMB Economics Syllabus for 2025/2026, you now have a clear direction for your UTME preparation. Dedicate time to each topic, practice consistently, and follow the tips provided. Whether you're targeting Economics, Business Admin, or Social Sciences, this syllabus is your blueprint for success.
