The WAEC Economics syllabus is the list of topics WASSCE Economics questions are set from, with the exam body's notes on how far each topic goes. Use it as a revision checklist: pick a topic, read what it covers, then practise past questions on it until you can answer them in exam time.
Syllabus content © The West African Examinations Council. Source. Summaries marked “Our summary” are written by DeeepSolve.
Our summary: What economics studies, the resources an economy uses, how economic systems differ and the basic tools for reading economic data.
Our summary: Why scarcity forces choices, what those choices cost, and how economic activities are grouped.
Our summary: Land, labour, capital and entrepreneurship, what each one is and why it matters.
Our summary: Capitalism, socialism and the mixed economy, and how each one tackles society's economic problems.
Our summary: Presenting data in tables, graphs and charts and working out the mean, median and mode.
Our summary: How buyers and sellers behave and how their choices set prices and quantities in a market.
Our summary: What decides how much people want to buy, how demand curves behave and how to measure elasticity of demand.
Our summary: What decides how much producers offer for sale, how supply curves behave and how to measure elasticity of supply.
Our summary: Measuring satisfaction with utility and finding the point where a consumer is in equilibrium.
Our summary: How demand and supply meet to set the equilibrium price and quantity, and what price controls do.
Our summary: How goods are produced, what production costs and earns, how markets and businesses are organised and how goods reach buyers.
Our summary: Division of labour, the scale of production and how output changes as more of one input is added.
Our summary: The different measures of a firm's costs and revenue, and how economists and accountants see cost differently.
Our summary: How price and output are set under perfect competition, monopoly and monopolistic competition.
Our summary: The main types of business enterprise, how they raise funds, their problems, and policies such as privatization.
Our summary: How goods move from producers through wholesalers and retailers to consumers, and the problems on the way.
Our summary: How population and the labour force shape the economy, and the parts played by agriculture and industry.
Our summary: How population size, growth and distribution are measured and how they affect economic development.
Our summary: The labour force, how wages are set, unemployment, and the roles of trade unions, employers and government.
Our summary: How agriculture is organised, why it matters to the national economy, and its problems and policies.
Our summary: Types of industry, where industries locate, and how industrialization drives development.
Our summary: How a country's income is measured, how money and financial institutions work, and how government raises and spends money.
Our summary: GDP, GNP and related measures, how national income is calculated and what the figures can and cannot tell us.
Our summary: What money is and does, what decides its value, and the causes, effects and control of inflation.
Our summary: Banks, insurance companies and other financial institutions, and the money and capital markets.
Our summary: Where government revenue comes from, how taxes work, how public money is spent, and the budget and national debt.
Our summary: How economies develop and plan, trade and cooperate across borders, and make use of their natural resources.
Our summary: Growth versus development, the problems of developing countries and how development plans work.
Our summary: Why countries trade, terms of trade and trade policy, and how the balance of payments is kept in balance.
Our summary: Why countries join together economically, the levels of integration, and ECOWAS in West Africa.
Our summary: OPEC, the IMF, the World Bank group, the AfDB and other bodies, and what they mean for West African countries.
Our summary: How resources such as petroleum, gold and timber have been developed and how they help and harm West African economies.
