Are you preparing for JAMB Economics in the 2025/2026 UTME? Economics is a key subject for candidates pursuing courses like Economics, Accounting, Business Administration, Banking, and Finance. Mastering the official syllabus and understanding the CBT exam pattern is essential for success. This official guide provides the full JAMB Economics syllabus, the exam format, actionable success tips, and helpful FAQs.
JAMB Economics Syllabus (2025/2026)
The JAMB Economics syllabus focuses on assessing candidates’ understanding of economic concepts, principles, data interpretation, and their practical application.
1. Basic Economic Concepts
Topics |
What to Study |
Economics as a Science |
Definition, methodology, basic economic problems |
Scale of Preference |
Opportunity cost, choice, production possibility curve |
Utility Concepts |
Total, average, marginal utility |
2. Production and Factors of Production
Topics |
What to Focus On |
Meaning and Types of Production |
Primary, secondary, tertiary production |
Factors of Production |
Land, labour, capital, entrepreneur |
Division of Labour |
Specialization and its advantages/disadvantages |
Production Possibility Curve |
Explanation, importance |
3. Theory of Demand and Supply
Topics |
What to Study |
Law of Demand and Supply |
Curves, determinants, shifts, movements |
Price Determination |
Equilibrium price, effects of price control |
Elasticity Concepts |
Price, income, and cross elasticity of demand/supply |
4. Market Structures
Topics |
What to Focus On |
Types of Market |
Perfect competition, monopoly, monopolistic competition, oligopoly |
Features and Price Determination |
Characteristics and price/output decisions |
5. Money and Financial Institutions
Topics |
What to Study |
Money: Types and Functions |
Evolution, characteristics, functions |
Commercial Banks |
Functions, credit creation |
Central Bank |
Functions, differences from commercial banks |
Money Market and Capital Market |
Instruments, differences |
6. National Income
Topics |
What to Focus On |
Concepts of National Income |
GDP, GNP, NNP, per capita income |
Measurement Methods |
Income, expenditure, and output approaches |
Problems of Measurement |
Challenges in developing countries |
7. Public Finance
Topics |
What to Study |
Government Revenue |
Taxes, fees, grants |
Government Expenditure |
Capital and recurrent expenditure |
Budget Types |
Balanced, surplus, deficit |
Fiscal Policy |
Definition, tools, and effects |
8. Economic Growth and Development
Topics |
What to Focus On |
Meaning and Indicators |
GDP growth, per capita income, HDI |
Factors Influencing Growth |
Investment, technology, infrastructure |
Problems of Development |
Poverty, unemployment, inflation |
9. International Trade and Balance of Payments
Topics |
What to Study |
Foreign Trade |
Advantages and disadvantages |
Balance of Payments |
Components: current and capital accounts |
Exchange Rate Systems |
Fixed, flexible, black market issues |
Trade Restrictions |
Tariffs, quotas, import bans |
10. Population and Labour Market
Topics |
What to Focus On |
Meaning of Population |
Census, demographic concepts |
Population Theories |
Malthusian, Optimum population |
Labour Market |
Demand/supply of labour, wage determination |
Unemployment |
Types, causes, and solutions |
11. Economic Planning and Development Institutions
Topics |
What to Study |
Economic Planning |
Types, objectives, and challenges |
Development Agencies |
ECOWAS, IMF, World Bank, African Development Bank |
Structural Adjustment Programme (SAP) |
Features, objectives, criticisms |
12. Privatization and Commercialization
Topics |
What to Focus On |
Definitions |
Privatization vs. Commercialization |
Advantages and Disadvantages |
Economic impacts |
JAMB Economics CBT Exam Format
Exam Section |
Details |
Number of Questions |
40 multiple-choice questions |
Exam Type |
Computer-Based Test (CBT) |
Question Format |
Objective, 4-option answers |
Exam Duration |
Combined with other subjects (Total 2 hours) |
Top Success Tips for JAMB Economics CBT Exam
Success Tip |
Why It’s Important |
Study Only the JAMB Syllabus |
Avoid wasting time on unnecessary topics |
Master Demand, Supply & Elasticity |
Frequently tested in JAMB |
Understand Market Structures |
Key topic every year |
Solve Calculation Questions |
Be ready for elasticity, national income, costs |
Practice Data Interpretation |
Graphs and tables appear regularly |
Focus on Fiscal Policy & Money |
Always present in exam |
Study Public Finance Concepts |
Government revenue, expenditure questions appear |
Solve JAMB Past Questions |
Many are repeated in CBT exams |
Take CBT Mock Exams |
Improve your speed and time management |
Avoid Guessing Unnecessarily |
Eliminate wrong answers before choosing |
FAQs About JAMB Economics Exam
1. How many questions are in JAMB Economics?
40 multiple-choice questions.
2. Does JAMB Economics involve calculations?
Yes. Expect calculations in elasticity, national income, and revenue/expenditure.
3. Does JAMB repeat Economics questions?
Yes. Past questions often reappear with slight modifications.
4. Are tables and graphs used in JAMB Economics?
Yes. Learn to interpret data from graphs, charts, and tables.
5. Recommended textbooks for JAMB Economics?
-
Comprehensive Economics for Senior Secondary Schools by J. U. Anyaele
-
Essential Economics for Senior Secondary Schools by C. E. Ande
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JAMB Past Questions and Answers for Economics
Conclusion
Success in JAMB Economics depends on mastering the official syllabus, solving past questions, understanding definitions, theories, and practical applications of concepts like demand, supply, money, national income, population, and trade. Practice data interpretation questions and focus on calculations.
With steady preparation, scoring 70+ marks in JAMB Economics is absolutely possible.