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Business Studies
Form 3 2025
TERM I
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WK LSN TOPIC SUB-TOPIC OBJECTIVES T/L ACTIVITIES T/L AIDS REFERENCE REMARKS
2 1
DEMAND.
Definition of demand. Factors influencing demand.
By the end of the lesson, the learner should be able to:


Define demand and effective demand.

State factors that influence demand of a commodity.



Brain storming;
Exposition;
Discussion.
text book
New Inventor
KLB BOOK III
Pg 1
2 2-3
DEMAND.
Factors influencing demand.
By the end of the lesson, the learner should be able to:
Explain factors that influence demand of a commodity.
Explanations;
Discussion.
text book
New Inventor KLB BOOK IIIPg 2-5
2 4
DEMAND.
Demand schedule for an individual or entire market.
Demand curves.
By the end of the lesson, the learner should be able to:
Prepare and interpret a demand schedule for an individual or entire market.
Illustrate law of demand graphically.
Interpreting a demand schedule;
Brief discussion.
Guided plotting of demand curves.
Discussion.
text book
Graph papers.
New Inventor KLB BOOK III pg 6-7
3 1
DEMAND.
Movement along, and shift in demand curves.
By the end of the lesson, the learner should be able to:
Explain movement along the demand curve.
Illustrate an increase / decrease in demand graphically.
Q/A: review law of demand.
Curve sketching & explanations.
Chart- increasing and decreasing -supply.
New Inventor KLB BOOK III Pg 8-9
3 2-3
DEMAND.
SUPPLY.
Movement along, and shift in demand curves.
Factors influencing supply of a product.
By the end of the lesson, the learner should be able to:
Explain movement along the demand curve.
Illustrate an increase / decrease in demand graphically.

Explain factors that influence demand of a commodity.
Q/A: review law of demand.
Curve sketching & explanations.
Explanations;
Discussion.
Chart- increasing and decreasing -supply.
New Inventor KLB BOOK III Pg 8-9
New Inventor KLB BOOK III Pg 9-13
3 4
SUPPLY.
Supply schedule and supply curve.
By the end of the lesson, the learner should be able to:
Draw supply curve from a supply schedule.
Practical exercise.
chart
New Inventor KLB BOOK III Pg 14-15
4 1
SUPPLY.
Movement along the curve.supply curve.
By the end of the lesson, the learner should be able to:
Explain changes in supply with changes in prices of the commodity.
Identify incidents where a supply curve expands to the right or left.
Probing questions,
Graphical illustrations.
text book
New Inventor KLB BOOK III Pg 15-
4 2-3
SUPPLY.
Movement along the curve.supply curve.
Shift in supply curve.
Equilibrium price and equilibrium quantity.
By the end of the lesson, the learner should be able to:
Explain changes in supply with changes in prices of the commodity.
Identify incidents where a supply curve expands to the right or left.

Explain the effect of decreasing supply.
Define the terms equilibrium price and equilibrium quantity.
Use demand and supply schedule to determine equilibrium price.
Probing questions,
Graphical illustrations.
Exposition;
discussion
Examine schedules;
Make deductions;
Discussion.
text book
text book
Demand and supply schedule.
New Inventor KLB BOOK III Pg 15-
New Inventor KLB BOOK III Pg 15-16
4 4
SUPPLY.
Equilibrium price and quantity. (graphical method)
By the end of the lesson, the learner should be able to:
Determine equilibrium price and equilibrium quantity graphically.
Graphical methods;
Make deductions.
Graph papers.
New Inventor KLB BOOK III Pg 16-18
5 1
SUPPLY.
Effects of change in demand on the equilibrium.
By the end of the lesson, the learner should be able to:
Explain the effects of change in demand on the equilibrium.
Explanations and graphical illustrations.
chart
New Inventor KLB BOOK III Pg 19-21
5 2-3
SUPPLY.
Effects of change in supply on the equilibrium.
Excess demand and excess supply.
By the end of the lesson, the learner should be able to:
Explain the effects of change in supply on the equilibrium.

Define excess demand and excess supply.
Brain storming;
Discussion.
Discussion & graphical illustrations.
chart
text book
New Inventor KLB BOOK III Pg 21
New Inventor KLB BOOK III Pg 18-19
5 4
SUPPLY.
Other methods of determining the price of a product.
By the end of the lesson, the learner should be able to:
Outline other methods of determining the price o a product.
Exposition;
Probing questions;
Discussion.
text book
New Inventor KLB BOOK III Pg 20-21
6 1
SIZE AND LOCATION OF A FIRM
Concept of firm and industry.
By the end of the lesson, the learner should be able to:




Differentiate between a firm and an industry.
Identify factors influencing goods and services to produce.




Exposition of new concepts;
text book
New Inventor KLB BOOK III Pg 23-24
6 2-3
SIZE AND LOCATION OF A FIRM
Size of a firm.
Location of a firm.
By the end of the lesson, the learner should be able to:
Outline ways of determining size of a firm.

Identify factors influencing location of a firm.
Oral questions;
Guided discussion.
Exposition of new concepts;
Detailed discussion.
text book
chart
New Inventor KLB BOOK III Pg 24-25
New Inventor KLB BOOK III Pg 25-27
6 4
SIZE AND LOCATION OF A FIRM
Localization of a firm.
By the end of the lesson, the learner should be able to:
Outline factors that encourage localization of a firm.
State advantages and disadvantages of localization of a firm.
Exposition;
Oral questions;
Discussion.
chart
New Inventor KLB BOOK III Pg 27-28
7

Exams

8

Mid Term

9 1
SIZE AND LOCATION OF A FIRM
Delocalization of a firm.
By the end of the lesson, the learner should be able to:
Outline factors that encourage delocalization of a firm.
State advantages and disadvantages of delocalization of a firm.
Exposition;
Oral questions;
Discussion.
text book
New Inventor KLB BOOK III Pg 27-28
9 2-3
SIZE AND LOCATION OF A FIRM
Internal economies of scale. External economies of scale.
By the end of the lesson, the learner should be able to:
Define the term economy of scale.
Outline various economies of scale associated with a firm.
Outline benefits accruing to a firm as a result of growth of the whole industry.
Exposition of new concepts.
Discussion.
text book
New Inventor KLB BOOK III Pg 29-30
9 4
SIZE AND LOCATION OF A FIRM
Internal and external diseconomies of scale.
By the end of the lesson, the learner should be able to:
Define the term diseconomies of scale.
Highlight some internal and external diseconomies of scale.
Exposition of new concepts.
Oral questions;
Discussion.
text book
New Inventor KLB BOOK III Pg 31-32
10 1
SIZE AND LOCATION OF A FIRM
Existence of small firms.
By the end of the lesson, the learner should be able to:
Give reasons that contribute to existence of small firms.
Brain storming;
Oral questions;
Discussion.
text book
New Inventor KLB BOOK III Pg 32-33
10 2-3
SIZE AND LOCATION OF A FIRM
Negative impact of production activities on the environment.
Maintaining a healthy environment.
By the end of the lesson, the learner should be able to:
Highlight adverse effects arising from production activities.
Outline factors that contribute to a healthy business environment.
Probing questions and discussion on
adverse effects of air pollution, water pollution, noise pollution & solid waste pollution.

Brain storming;
Discussion.
text book
chart
New Inventor KLB BOOK III Pg 33-35
New Inventor KLB BOOK III Pg 36-38
10 4
PRODUCT MARKETS
Introduction.
By the end of the lesson, the learner should be able to:



Define the term market and marketing.
Identify elements that dictate the type of market.



Oral questions;
Probing questions;
Guided discussion.
chart
New Inventor KLB BOOK III Pg 40
11 1
PRODUCT MARKETS
Perfect competition market.
By the end of the lesson, the learner should be able to:
Outline features of a perfect market.
text book
New Inventor KLB BOOK III Pg 41-42
11 2-3
PRODUCT MARKETS
Perfect competition market.
Monopoly.
By the end of the lesson, the learner should be able to:
Outline features of a perfect market.
Identify features of a monopoly market.

Exposition of new ideas; Detailed discussion.
text book
New Inventor KLB BOOK III Pg 41-42
New Inventor KLB BOOK III Pg 42-43
11 4
PRODUCT MARKETS
Monopoly power.
By the end of the lesson, the learner should be able to:
Outline ways of acquiring a monopoly power.
Exposition of new ideas; Detailed discussion.
text book
New Inventor KLB BOOK III Pg 43-45
12 1
PRODUCT MARKETS
Monopolistic competition.
By the end of the lesson, the learner should be able to:
Outline features of a monopolistic competition.
Describe price & output determination under monopolistic competition.
Exposition, discussion and sketching illustrative graphs.
chat,text book
New Inventor KLB BOOK III Pg 45-46
12 2-3
PRODUCT MARKETS
Monopolistic competition.
Oligopoly.
By the end of the lesson, the learner should be able to:
Outline features of a monopolistic competition.
Describe price & output determination under monopolistic competition.



Describe features of an oligopolistic market.
Exposition, discussion and sketching illustrative graphs.
Exposition;
Probing questions;
Discussion.
chat,text book
New Inventor KLB BOOK III Pg 45-46
New Inventor KLB BOOK III Pg 46-47
12 4
PRODUCT MARKETS
Oligopoly.
By the end of the lesson, the learner should be able to:
Describe features of an oligopolistic market.
Exposition;
Probing questions;
Discussion.
text book
New Inventor KLB BOOK III Pg 46-47

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