Methods and tools of economic analysis: JAMB Economics Past Questions and Answers

What the JAMB syllabus covers in Methods and tools of economic analysis

Our summary: Ways of reasoning in economics and the tables, graphs and statistics used to read economic data.

• Scientific approach ((i) inductive and deductive methods; (ii) positive and normative reasoning.)
• 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.)

Objectives

• distinguish between the various forms of reasoning;
• apply these forms of reasoning to real life situations;
• use the tools to interpret economic data;
• analyse economic data using the tools;
• understand the merits and demerits of the tools.

Syllabus content © The Joint Admissions and Matriculation Board (UTME).