The following WAEC/GCSE ‘O’ Level Economics course outline is intended as a general guide and is constructed over twenty sessions. Please note that the depth and pace of course content may be tailored to suit each student’s unique needs and prior understanding. This outline presumes a foundational understanding of Economics and may thus vary for students at different proficiency levels.

In addition, the course content can be customised to meet each student’s or group’s unique needs, creating an adaptable learning environment suitable for learners of all levels. Therefore, this outline can be modified for full-program students and those involved in revision programs.


Session 1: Introduction to WAEC/GCSE Economics

  • Overview of the WAEC/GCSE Economics syllabus.
  • Introduction to key economic concepts and principles.

Session 2-3: The Basic Economic Problem

  • Scarcity, choice and allocation of resources.
  • Opportunity cost and production possibility frontier.

Session 4-5: Microeconomic Models

  • Supply and demand, market equilibrium and price elasticity.
  • Firms, production and costs.

Session 6-7: Market Structures

  • Perfect competition, monopoly, oligopoly and monopolistic competition.
  • Market failure and government intervention.

Session 8-9: Macroeconomic Goals

  • Economic growth, unemployment, inflation and balance of payments.
  • Income and wealth distribution.

Session 10-11: Macroeconomic Models and Policies

  • Aggregate demand and supply, multiplier effect.
  • Fiscal, monetary and supply-side policies.

Session 12-13: International Trade

  • Benefits and costs of trade, protectionism.
  • Exchange rates and balance of payments.

Session 14-15: Economic Development

  • Economic indicators and measurements.
  • Strategies for economic development.

Session 16: Revision and Exam Techniques

  • Overview of major topics.
  • Effective study techniques and exam strategies.

Session 17: Mock Examination

  • Full-length mock examination under timed conditions.

Session 18: Mock Examination Feedback

  • Detailed feedback on mock examination.
  • Identification of areas for further study.

Session 19: Problem-Solving

  • Applying economic models to real-world scenarios.
  • Critical thinking and problem-solving in economics.

Session 20: Final Review and Preparation

  • Consolidation of key economic concepts.
  • Final tips and strategies for examination success.

This proposed course outline encompasses the major topics typically found in a WAEC/GCSE ‘O’ Level Economics syllabus. However, it should be adjusted based on the specific examination board and any recent changes to the syllabus. Regular assessment of student progress and adjustment of the course structure should be undertaken to address any areas of difficulty.