-
Price In The Economy – SHS 1 Economics (S2 W4)
View Lesson: Price In The Economy – SHS 1 Economics (S2 W4)ECONOMICS SHS 1 SEMESTER 2 WEEK 4 Price In The Economy Introduction Price is one of the most important concepts in economics because it influences the decisions of consumers, producers, investors, and governments. It serves as a signal that helps determine what goods and services should be produced, how resources should be allocated, and how…
-
Market And Its Types – SHS 1 Economics (S2 W3)
View Lesson: Market And Its Types – SHS 1 Economics (S2 W3)ECONOMICS SHS 1 SEMESTER 2 WEEK 3 Market And Its Types Introduction A market is an important institution in every economy because it brings buyers and sellers together to exchange goods, services, and resources. Markets facilitate trade, help determine prices, allocate resources efficiently, and contribute to economic growth. Markets may exist as physical locations or…
-
Calculation, Uses And Importance Of National Income – SHS 2 Economics (S2 W6)
View Lesson: Calculation, Uses And Importance Of National Income – SHS 2 Economics (S2 W6)ECONOMICS SHS 2 SEMESTER 2 WEEK 6 Calculation, Uses And Importance Of National Income Introduction National income is the total monetary value of all goods and services produced by a country over a specific period, usually one year. It includes wages, interest, rent, and profits earned by individuals, businesses, and government from both domestic and…
-
Introduction To National Income And Calculation Using The Product Approach – SHS 2 Economics (S2 W5)
View Lesson: Introduction To National Income And Calculation Using The Product Approach – SHS 2 Economics (S2 W5)ECONOMICS SHS 2 SEMESTER 2 WEEK 5 Introduction To National Income And Calculation Using The Product Approach Introduction National income is a measure of the total economic activity of a country. It represents the total monetary value of all goods and services produced by a country over a specific period, usually one year. It includes…
-
Macroeconomic Variables And Control Policies – SHS 2 Economics (S2 W4)
View Lesson: Macroeconomic Variables And Control Policies – SHS 2 Economics (S2 W4)ECONOMICS SHS 2 SEMESTER 2 WEEK 4 Macroeconomic Variables And Control Policies Introduction Macroeconomics studies the overall behaviour and performance of a country’s economy. It focuses on major economic variables such as Gross Domestic Product (GDP), inflation, unemployment, and exchange rates. Changes in these variables can significantly affect economic growth, living standards, investment, employment, and…
-
Market Equilibrium And Determination Of Equilibrium Price And Quantity – SHS 2 Economics (S2 W3)
View Lesson: Market Equilibrium And Determination Of Equilibrium Price And Quantity – SHS 2 Economics (S2 W3)ECONOMICS SHS 2 SEMESTER 2 WEEK 3 Market Equilibrium And Determination Of Equilibrium Price And Quantity Introduction Market equilibrium is a condition in which the quantity of goods supplied is equal to the quantity of goods demanded. At this point, the market reaches a stable price and quantity because there is neither excess supply nor…
-
Types Of Profits In Each Market Structure – SHS 2 Economics (S2 W2)
View Lesson: Types Of Profits In Each Market Structure – SHS 2 Economics (S2 W2)ECONOMICS SHS 2 SEMESTER 2 WEEK 2 Types Of Profits In Each Market Structure Introduction Firms operate in different market structures and aim to earn profits from their business activities. Depending on market conditions, firms may earn normal profit, super-normal profit, or sub-normal profit. The nature of competition, entry and exit conditions, and pricing power…
-
The Law Of Supply – SHS 1 Economics (S2 W2)
View Lesson: The Law Of Supply – SHS 1 Economics (S2 W2)ECONOMICS SHS 1 SEMESTER 2 WEEK 2 The Law Of Supply Introduction The Law of Supply is a fundamental principle in economics that explains the relationship between the price of a good or service and the quantity supplied by producers. It helps us understand how producers respond to price changes in the market and why…
-
Economics Starts From The Home And The Economist – SHS 1 Economics (S1 W1)
View Lesson: Economics Starts From The Home And The Economist – SHS 1 Economics (S1 W1)ECONOMICS SHS 1 SEMESTER 1 WEEK 1 Economics Starts from the Home and the Economist Economics begins with everyday life. At home, in school and in the wider community, people have many wants and needs, but the resources available to satisfy them are limited. This situation makes choice and careful allocation of resources necessary. Economics…
-
Resources Needed To Set Up A Business – SHS 2 Management In Living (S2 W2)
View Lesson: Resources Needed To Set Up A Business – SHS 2 Management In Living (S2 W2)MANAGEMENT IN LIVING SHS 2 SEMESTER 2 WEEK 2 Resources Needed To Set Up A Business Introduction Entrepreneurial activities require various personal and family resources to establish and sustain a business successfully. These resources include financial, legal, human, physical, technological, marketing, and product or service resources. Understanding these resources helps entrepreneurs plan effectively, manage responsibilities,…
-
Sources Of Power, Qualities, Importance And Challenges Of Leadership – SHS 1 Business Management (S2 W1)
View Lesson: Sources Of Power, Qualities, Importance And Challenges Of Leadership – SHS 1 Business Management (S2 W1)BUSINESS MANAGEMENT SHS 1 SEMESTER 2 WEEK 1 Sources Of Power, Qualities, Importance And Challenges Of Leadership Introduction Leadership is an important function of management that involves influencing, guiding, motivating, and directing people toward achieving organisational goals. Effective leadership helps organisations maintain productivity, teamwork, innovation, and positive organisational culture. Leaders use different sources of power…
-
How Solar Panels Are Set Up In Ghana – SHS 1 General Science (S2 W2)
View Lesson: How Solar Panels Are Set Up In Ghana – SHS 1 General Science (S2 W2)GENERAL SCIENCE SHS 1 SEMESTER 2 WEEK 2 How Solar Panels Are Set Up In Ghana Introduction Solar energy is a clean and renewable source of energy that helps reduce dependence on fossil fuels and supports environmental sustainability. In Ghana, solar panels are installed following international best practices while considering local environmental and infrastructural conditions.…