Newly Approved JAMB Syllabus for Economics 2025/2026 UTME Examination

Have you been searching for JAMB Syllabus For Economics 2025/2026? if yes is the answer to these question, then keep reading this post. In this blog post, we’ll explain everything you need to know about the JAMB 2025 syllabus for commerce, why it’s so important, and how you can use it to create the best study plan for yourself.

Whether you’re just starting to study or you’re already deep into your preparation, understanding the syllabus will be a big step towards reaching your goal. Let’s take a closer look and get you ready for success!!

Economics is a Compulsory subject for candidates who wants to study the following courses: Accounting, Banking and Finance, Business Administration, Economics, Public Administration, Marketing, Insurance, Actuarial Science, International Relations, Management, Political Science, Agricultural Economics, Entrepreneurship, Tourism and Hospitality Management, Financial Management, Development Studies, Environmental Management etc. in any of the Nigeria institution. Knowing the right topic to read for will help you to secure a good score in the upcoming UTME Exam.

Newly Approved JAMB Syllabus For Commerce 2025/2026 pdf

JAMB Syllabus is a document that shows the topics, are of concentration for the UTME Examination. It is design to guide aspirants and help them prepare adequately for their upcoming exam.

The  newly approved JAMB syllabus for Commerce is divided into five (15) session which are;

SESSION A: JAMB Syllabus for Economics

Economics as a Science

  • Definition of economics
  • Scope and branches of economics
  • The scientific method in economics
  • Positive vs. normative economics

Economic Systems

  • Types of economic systems: Capitalism, Socialism, Mixed economy
  • Features and advantages of each economic system
  • The role of government in economic systems

Methods and Tools of Economic Analysis

  • Theoretical vs. empirical analysis
  • Models and graphs in economics
  • Statistical and econometric methods
  • Comparative analysis

The Theory of Demand

  • Law of demand
  • Factors affecting demand
  • Elasticity of demand
  • Shifts vs. movements along the demand curve

SESSION B: JAMB Syllabus for Economics- The Theory of Consumer Behaviour

  • Utility theory
  • The law of diminishing marginal utility
  • Budget constraint and consumer choice
  • Indifference curve analysis

RECOMMENDED

The Theory of Supply

  • Law of supply
  • Factors affecting supply
  • Elasticity of supply
  • Shifts vs. movements along the supply curve

The Theory of Price Determination

  • Market equilibrium
  • Role of supply and demand in price determination
  • Government intervention in price setting
  • Price floors and price ceilings

The Theory of Production

  • Factors of production
  • The production function
  • Short-run and long-run production
  • The law of diminishing returns

SESSION C: JAMB Syllabus for Economics Theory of Costs and Revenue

  • Types of costs: Fixed, variable, total, average, and marginal costs
  • Relationship between cost and output
  • Revenue: Total, average, and marginal revenue
  • Profit maximization

Market Structures

  • Perfect competition
  • Monopoly
  • Oligopoly
  • Monopolistic competition
  • Characteristics and examples of each market structure

National Income

  • Definition and measurement of national income
  • Methods of calculating national income: Income, output, and expenditure methods
  • Problems in measuring national income
  • National income and economic well-being

Money and Inflation

  • Functions of money
  • Types of money: Commodity, fiat, and digital money
  • Inflation: Causes, types, and effects
  • Controlling inflation

SESSION D: JAMB Syllabus for Economics- Financial Institutions

  • Types of financial institutions: Banks, insurance companies, pension funds
  • The role of financial institutions in the economy
  • Central bank functions and monetary policy
  • Regulation and supervision of financial institutions

Public Finance

  • Definition and scope of public finance
  • Sources of government revenue
  • Government expenditure
  • Fiscal policy and its impact on the economy

Economic Growth and Development

  • Difference between economic growth and development
  • Indicators of economic growth
  • Factors influencing economic development
  • Challenges to economic growth and development

 Agriculture in Nigeria

  • Importance of agriculture in the Nigerian economy
  • Types of farming in Nigeria
  • Challenges facing Nigerian agriculture
  • Government policies and programs for agriculture

SESSION E: JAMB Syllabus for Economics- Industry and Industrialization

  • Importance of industrialization in economic development
  • Types of industries: Primary, secondary, and tertiary
  • Industrial policy in Nigeria
  • Challenges to industrialization

 Natural Resources and the Nigerian Economy

  • Types of natural resources in Nigeria
  • The role of natural resources in economic development
  • Management of natural resources
  • Environmental issues related to natural resource exploitation

Business Organizations

  • Types of business organizations: Sole proprietorship, partnership, corporation
  • Role of business organizations in the economy
  • Business laws and regulations
  • The impact of globalization on business organizations

Population

  • Population growth and its effects on the economy
  • Population policies and their impact
  • Demographic transition model
  • The relationship between population and economic development

SESSION F: JAMB Syllabus for Economics- International Trade

  • Importance of international trade
  • Comparative advantage and trade theory
  • Trade barriers: Tariffs, quotas, and subsidies
  • Balance of trade and balance of payments

International Economic Organizations

  • Role and functions of organizations like the WTO, IMF, and World Bank
  • The impact of globalization on international trade
  • Regional trade agreements and organizations: ECOWAS, EU, etc.
  • The role of developing countries in international economic organizations

23. Factors of Production and Their Theories

  • Land, labor, capital, and entrepreneurship
  • Theories of production and factor allocation
  • The factor market and factor pricing
  • The relationship between factors of production and output

How to Prepare for the JAMB Commerce Exam Using the JAMB Syllabus for Economics

The JAMB syllabus is a very important material for candidates who is preparing for the upcoming JANB Economics examination; the syllabus will help you to focus more the topics that will be very important for you during the exam. At the end of studying the JAMB syllabus you are expected to know the following;

Familiarize Yourself with the Format:

  • The JAMB syllabus for Economics is organized by topic, so it’s important to understand how the information is presented.
  • Take some time to review the syllabus and get a feel for the overall structure.

Identify Your Strengths and Weaknesses:

  • Look through the syllabus and make a list of the topics and skills that you feel confident about, as well as those you need to work on.
  • This will help you prioritize your study efforts and focus on the areas where you need the most improvement.

Create a Study Plan:

  • Use the JAMB syllabus to create a study plan that targets the specific topics and skills that will be tested on the exam.
  • Consider breaking your study time into smaller chunks and focusing on one topic or skill at a time.

Review and Practice:

  • As you study, be sure to review the material and practice applying the concepts.
  • This can help you retain the information and feel more confident on test day.

Use Study Aids:

  • There are many resources available to help you study for the JAMB exam, including textbooks, online courses, and practice tests.
  • Consider incorporating these resources into your study plan to supplement the information in the JAMB syllabus.

The following are the JAMB recommended textbooks for Economics (2025/2026):

  1. Aderinto, A.A. et al. (1996). Economics: Exam Focus. Ibadan: University Press Plc.
  2. Black, J. (1997). Oxford Dictionary of Economics. Oxford: Oxford University Press.
  3. Eyiyere, D.O. (1980). Economics Made Easy. Benin City: Quality Publishers Ltd.
  4. Fajana, F. et al. (1999). Countdown to SSCE/JME Economics. Ibadan: Evans.
  5. Falodun, A.B. et al. (1997). Round-up Economics. Lagos: Longman.
  6. Koutsoyiannis, A. (1979). Modern Microeconomics. London: Macmillan.
  7. Lipsey, R.G. (1997). An Introduction to Positive Economics. Oxford: Oxford University Press.
  8. Samuelson, P. and Nordhaus, W. (1989). Economics. Singapore: McGraw-Hill.
  9. Udu E. and Agu, G.A. (2005). New System Economics: A Senior Secondary Course. Ibadan: Africana First Publishers Ltd.
  10. Wannacott and Wannacott (1979). Economics. New York: McGraw-Hill.
  11. Brownson-Oton, Richard (2010). What is Micro-Economics? Niky Printing and Publishing Coy.
  12. Brownson-Oton, Richard (2010). What is Macro-Economics? Niky Printing and Publishing Coy.

Conclusion

we have gotten to the end of this article we hope you find this post helpful, for more information about JAMB syllabus, JAMB Subject combination and other question related to JAMB kindly leave us a message in the comment session below we will attend to you as soon as possible.

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Abdullateef Ismaila - Web Developer & Education Informant. Delivering verified information on schools and higher institutions through my website.

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