The updated version of JAMB 2025/2026 syllabus for Economics is now out. Interested candidates can also download the file on this page. Continue reading to get more information on it.
Syllabus Overview
Examination Type | UTME / Direct Entry |
Examination Year | 2025/2026 |
Syllabus | Economics |
File Format | |
File Size | 201KB |
This JAMB Economics Syllabus is designed to guide all candidates who has registered to sit for the Unified Tertiary Matriculation Examination (UTME). The syllabus however includes 23 topics which candidates are to cover thoroughly.
Additionally, JAMB has recommended text books for candidates, and they can be found on the content of the syllabus. So, while studying based on the syllabic content, endeavor to use the recommended materials as well.
General Objectives
The aim of the Unified Tertiary Matriculation Examination (UTME) syllabus in Economics is to prepare the candidates for the Board’s examination. It is designed to test their achievement of the course objectives, which are to:
- Demonstrate sufficient knowledge and understanding of the basic concepts, tools and their general applications to economic analysis;
- Identify and explain the basic structures, operations and roles of the various economic units and institutions (national and international);
- Describe major economic activities – production, distribution and consumption;
- Identify and appraise the basic and current economic problems of society;
- Develop the competence to proffer solutions to economic problems identified.
JAMB 2025 Syllabus for Economics
Recommended Post:Â Check JAMB 2025 Syllabus For All Subjects
TOPICS/CONTENTS/NOTES | OBJECTIVES |
---|---|
1. Economics as a science a. Basic Concepts: wants, scarcity, choice, scale of preference, opportunity cost, rationality, production, distribution, consumption. b.(i) Economic problems of: what, how and for whom to produce and efficiency of resource use. b.(ii) Application of PPF to solution of economic problems. | Candidates should be able to; (i) compare various concepts in economics and their applications; (ii) interpret graphs/schedules in relation to the concepts; (iii) identify economic problems (iv) proffer solutions to economic problems |
2. Economic Systems a. Types and characteristics of free enterprise, centrally planned and mixed economies b. Solutions to economic problems under different systems c. Contemporary issues in economic systems (economic reforms e.g deregulation, banking sector consolidation, cash policy reform). | Candidates should be able to; (i) compare the various economic systems; (ii) apply the knowledge of economic systems to contemporary issues in Nigeria (iii) proffer solutions to economic problems in different economic systems. |
3. Methods and Tools of Economic Analysis a. Scientific Approach: i. inductive and deductive methods ii. positive and normative reasoning b. 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. | Candidates should be able to; (i) distinguish between the various forms of reasoning; (ii) apply these forms of reasoning to real life situations; (iii) use the tools to interpret economic data; (iv) analyze economic data using the tools; (v) understand the merits and demerits of the tools. |
4. The Theory of Demand a. i. meaning and determinants of demand ii. demand schedules and curves iii. the distinction between change in quantity demanded and change in demand. b. Types of demand: Composite, derived, competitive and joint demand: c. Types, nature and determinants of elasticity and their measurement – price, income and cross elasticity of demand: d. Importance of elasticity of demand to consumers, producers and government. | Candidates should be able to; (i) identify the factors determining demand; (ii) interpret demand curves from demand schedules; (iii) differentiate between change in quantity demanded and change in demand; (iv) compare the various types of demand and their interrelationships; (v) relate the determinants to the nature of elasticity; (vi) compute elasticities; (vii) interpret elasticity coefficients in relation to real life situations. |
5. The Theory of Consumer Behavior a. Basic Concepts: i. utility (cardinal, ordinal, total average and marginal utilities) ii. indifference curve and budget line. b. Diminishing marginal utility and the law of demand. c. Consumer equilibrium using the indifference curve and marginal analyses. d. Effects of shift in the budget line and the indifference curve. e. Consumer surplus and its applications. | Candidates should be able to; (i) explain the various utility concepts; (ii) apply the law of demand using the marginal utility analysis; (iii) use indifference curve and marginal analyses to determine consumer equilibrium; (iv) relate the income and substitution effects; (v) apply consumer surplus to real life situations. |
Download JAMB 2025 Syllabus for Economics
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Frequently Asked Questions (FAQs)
Is JAMB Economics syllabus 2025 out?
Yes, JAMB economics syllabus for 2025 is out already. You are advised to either download it on this page or on the official JAMB portal.
Can I use the syllabus offline?
Yes, you can use the syllabus offline. However, you will have to download it in the first place.
Does JAMB follows its syllabus?
Yes, Jamb follows its syllabus. However, you must also use other study materials such as past questions and answers.
Is Economics compulsory for JAMB?
No, economics is not a compulsory subject combination for JAMB. Depending on your intend course of study, you might not need to write its test.
Is JAMB 2025 syllabus the same as previous years?
JAMB syllabus is subject to changes every year. In other words, this year's syllabus is different from the previous releases.

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