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Contents & notes: what this topic covers
Under International Trade, the JAMB Economics syllabus expects you to study:
- 21. International Trade
- (i) a. Meaning and basis for international trade (ii (absolute and comparative costs etc.) b. Balance of trade and balance of (ii payments: problems and corrective measures;
- c. Composition and direction of Nigeria’s (iv foreign trade;
- d. Exchange rate: meaning, types and
- (v) determination.
- (vi (vi
Study notes & guidance
Study International Trade using a recommended Economics textbook that follows the JAMB syllabus. Work through the contents listed above one by one, make brief notes in your own words, and then practise as many questions on this topic as you can — in Economics, understanding and steady practice matter far more than memorising. Use the objectives below as a checklist: if you can do each one confidently, you have mastered this topic.
Objectives — candidates should be able to
After studying International Trade, you should be able to:
- Examine the basis for international trade.
- Differentiate between absolute and comparative advantages;
- Distinguish between balance of trade and balance of payments and their corrective measures;
- Highlight the problems of balance of payments and their corrective measures; examine the composition and direction of Nigeria’s foreign trade;
- Identify the types of exchange rates;
- Examine how exchange rates are determined.
These objectives are from the official JAMB syllabus. Use them as a checklist — if you can do each one confidently, you have mastered this topic.
Source: official JAMB UTME Economics syllabus (IBASS, jamb.gov.ng). Reproduced for study use. Last checked: 17 Sept 2026. Always confirm the current syllabus on the official portal.