Sierra Leone Senior Secondary School Syllabus - Economics, Business, and Entrepreneurship Studies
While a definitive list of all core subjects within the Economics, Business, and Entrepreneurship Studies stream for the Sierra Leone Senior Secondary School system remains elusive, the available syllabi provide detailed information on two key subjects within this stream:
1. Business Economics:
- Subject Description: Business Economics applies economic concepts and methodologies to business decision-making. It integrates economic theory with business practice to facilitate rational choices within firms or organizations. It serves as a bridge between economics and management.
- Rationale: The subject aims to introduce students to business and rational decision-making, provide practical experience in various business areas, demonstrate the impact of economic and business concepts on daily life and society, and prepare students for careers requiring numerical, analytical, and problem-solving skills.
- Syllabus Content: The syllabus covers a wide range of topics, including:
- Introduction to Business Economics
- Specialization and Division of Labor
- Objectives and Growth of Firms
- Cost, Revenue, Profit and Loss of the Firm
- Demand and Supply Analysis
- Production and Cost Analysis
- Barriers to Market Entry and Exit
- Price Determination, Pricing Policies and Strategies
- SWOT Analysis in Business
- PESTLE Analysis in Business
- Exchange Rate Determination
- Syllabus Structure: The syllabus is structured across three years of senior secondary school (SSS 1-3), with specific topics allocated to each term.
2. Entrepreneurship:
- Subject Definition: Entrepreneurship involves individuals or groups taking action to make a change in the world through business-oriented activities. This includes solving problems, connecting people, or building something new that benefits society.
- Rationale: Entrepreneurship education encourages creative thinking, nurtures unconventional talents and skills, creates opportunities, promotes social justice, instills confidence, and stimulates the economy. It fosters initiative, creativity, self-confidence, and social responsibility.
- Syllabus Content: The syllabus covers various aspects of entrepreneurship, including:
- Origin, Concepts, and Functions of Entrepreneurship
- Need and Importance of Entrepreneurship
- Pros and Cons of Entrepreneurship
- Process of Entrepreneurship
- Start-up and Stages of Entrepreneurship
- Competencies, Characteristics, Ethics, Values, and Attitudes of an Entrepreneur
- Sources of Finance for Entrepreneurs
- Entrepreneur Motivation and Influences
- Entrepreneur Variables (Creativity, Innovation)
- Concept of Business and Business Environment
- Forms of Business Ownership
- Sole Proprietorship, Partnership, and Limited Liability Companies
- Team and Group Dynamics in Entrepreneurship
- Vision and Mission Statements
- Business Goals and Objectives
- Business Model and Resource Mobilization
- Business Plan and Business Ethics
- Interpersonal Relationships and Labor Management
- Enterprise Growth, Expansion, and Diversification
- Syllabus Structure: The syllabus is structured across three years of senior secondary school (SSS 1-3), with specific topics allocated to each term.
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