Student should be able to:1. Define basic economics tools, state their uses and importance.2. Construct a frequency distribution.3. Calculate the mean, median and mode of any given set of data.
Student should be able to:1. Explain the concept/ factor of production2. Explain the types of production.3. State and explain the characteristics of each factor of production.
Student should be able to:1. Explain the meaning of division of labour.2. State the difference between specialization and division of labour.3. Identify the advantages and disadvantages and limitation of division of labour.
Student should be able to:1. State and explain the basic economic problems of society.2. Suggest ways of efficient allocation/use of scarce societal resources.
Student should be able to:1. Explain the meaning of supply, draw schedules and curves of a given commodity.2. State the law of supply.3. State and explain factor affecting supply for a commodity.