Student should be able to:1. Define public finance2. Explain the objectives of public finance.3. Discuss the structure of government revenue and expenditure illustrating with Nigeria data.

Student should be able to:1. Distinguish between direct and indirect taxation with an example of each.2. Recurrent and capital expenditure and analyze the effects and incidence of taxes.

Student should be able to:1. Explain the concept of budget deficit.2. Define budget surplus.3. Explain balanced budget.

Student should be able to:1. Define revenue2. Highlight criteria for revenue allocation3. Identify problems of revenue allocation in Nigeria...

Student should be able to:1. Define national income.2. State the concepts used in national accounting.

Economics SSS2 Third...

Student should be able to:1. Discuss different ways of measuring national income.2. Explain the disadvantage of national income.

Student should be able to:1. Define money market.2. Define capital market.3. Identify the types of financial institutions4. Identify their functions.

Student should be able to:1. List the benefits of the capital market2. Discuss how commodities are traded in the secondary market.3. Problems of trading in the secondary market.

Student should be able to:1. Identify various reasons for holding money.2. Identify the determinants of the money supply.3. Explain how changes in the price level affect the purchasing power of money.

Student should be able to:1. Define inflation.2. Identify the types of inflation.3. Identify the causes of inflation.4. Explain ways of controlling inflation.5. Identify the effects of inflation.6. Define deflation.

Economics SSS2 Third...