INFLATION

Introduction Consumer Price index

By the end of the lesson, the learner should be able to:


Define the terms inflation and deflation.
Define the term CPI.
Compute CPI.

Guided discussion and computations.

Newspaper cuttings & relevant magazines.

145-6

INFLATION

Simple and weighted price relatives.
Types of inflation. Causes of demand- pull inflation.

By the end of the lesson, the learner should be able to:
Compute the price index using simple average of price relatives.
Compute the price index using the weighted average method.

outline types of inflation.



Explain the term demand-pull inflation.
Explain causes of demand ?pull inflation.

Guided computations.

Supervised practice.
Teacher exposes new concepts related to inflation types.

Expository and descriptive approaches.

Price relative tables.
Newspaper cuttings & relevant magazines.

Pg. 147
Pg. 147-8


Pg. 149-150

INFLATION

Causes of cost- pull inflation.

By the end of the lesson, the learner should be able to:
Explain the concept of cost-pull inflation.
Explain the causes of cost-pull inflation.

Expository and descriptive approaches with probing questions.

Pg. 152

INFLATION

Levels of inflation & Effects of inflation on the economy of a country.

By the end of the lesson, the learner should be able to:
Highlight various levels of inflation.
Outline positive and negative effects of inflation.

Probing questions;
Discussion..

Newspaper cuttings & relevant magazines.

Pg. 152-3,

154-6

INFLATION
ECONOMIC DEVP AND PLANNING

Controlling inflation.
Growth and development.

By the end of the lesson, the learner should be able to:
Identify some policies adopted by the govt to reduce or control inflation.
Define economic growth of a country.
Identify structural changes that may accompany economic development.

Discussion on: control of money supply, control of demand, cost control.



Guided discussion & oral questions.

newspaper

Pg. 156-8
Pg 195-6

ECONOMIC DEVP AND PLANNING

Growth and development.

By the end of the lesson, the learner should be able to:
Define economic growth of a country.
Identify structural changes that may accompany economic development.

Guided discussion & oral questions.

newspaper

Pg 195-6

ECONOMIC DEVP AND PLANNING

Underdevelopment.

By the end of the lesson, the learner should be able to:
Identify characteristics of under - development

Brainstorming, questioning & discussion.

text book

Pg 197-199

ECONOMIC DEVP AND PLANNING

Factors for underdevelopment.
Development planning.

By the end of the lesson, the learner should be able to:
Highlight some factors that impede development.
Site some objectives of planning.
Give reasons why development planning is necessary.

Q/A guided discussion.
Probing questions /guided discussion.

text book

Pg. 200-2
Pg. 202-4

ECONOMIC DEVP AND PLANNING

Problems encountered in development planning.

By the end of the lesson, the learner should be able to:
State problems encountered in development planning.

Probing questions /guided discussion.
Quiz.

text book

Pg. 204-6

PUBLIC FINANCE

Purpose of public finance. Sources of public finance.

By the end of the lesson, the learner should be able to:



Differentiate between internal and external borrowing.

Brainstorming.
Brief discussion.

Business Magazines.

New Inventor K.L.B. BK IV. Pg.125-7

PUBLIC FINANCE

External borrowing.
Government expenditure. Principles of public expenditure.

By the end of the lesson, the learner should be able to:
Differentiate between reproductive debt and dead weight debt.
Identify types of govt?s expenditure.
Differentiate between recurrent and development expenditure.
Outline principles of public expenditure.

Exposition;
Discussion.
Exposition & discussion.

text book
Newspaper cuttings & relevant magazines.

New Inventor K.L.B. BK IV. Pg. 127-8
New Inventor K.L.B. BK IV. Pg. 129-130

PUBLIC FINANCE

Taxation.

By the end of the lesson, the learner should be able to:
Define the term taxation.
Identify methods that the give reasons for taxation.

Exposition;
Explanations.

Newspaper cuttings & relevant magazines.

New Inventor K.L.B. BK IV. Pg.131

PUBLIC FINANCE

Principles of taxation.

By the end of the lesson, the learner should be able to:
Explain basic principles of taxation.

New Inventor K.L.B. BK IV. pg 132-3

PUBLIC FINANCE

Impact and incidence of tax. Classification of taxes on basis of structure.

By the end of the lesson, the learner should be able to:
Differentiate between impact and incidence of tax.

Classify taxes according to structure.
State merits and demerits of taxing people according to structure.

Exposition of new ideas;
Give examples and explanations.

text book

Pg. 133-4

PUBLIC FINANCE

Classification of taxes on basis of impact on the tax payer. - Direct tax.

By the end of the lesson, the learner should be able to:
Classify taxes according to impact on the taxpayer.
State and explain merits and demerits of direct tax.

Guided discussion on direct taxes.

text book

Pg. 135-6

PUBLIC FINANCE

Classification of taxes on basis of impact on the tax payer. - Indirect tax.
Topic summary / review

By the end of the lesson, the learner should be able to:
State merits and demerits of Indirect tax.
Tackle review question,

Q/A and guided discussion.
Problem solving.Revision;

text book

Pg. 138-141
Pg. 142-144

MONEY & BANKING

Introduction. Barter trade.

By the end of the lesson, the learner should be able to:


Explain the concepts of money and banking.
Describe merits and demerits of barter trade.

Brain storming;
Brief discussion.

text book

New Inventor K.L.B. BK IV. Pg 91-94

MONEY & BANKING

Introduction. Barter trade.

By the end of the lesson, the learner should be able to:


Explain the concepts of money and banking.
Describe merits and demerits of barter trade.

Brain storming;
Brief discussion.

text book

New Inventor K.L.B. BK IV. Pg 91-94

MONEY & BANKING

Money system Characteristics of money.
Functions of money.

By the end of the lesson, the learner should be able to:
State characteristics of money.
Explain major functions of money.

Brainstorming and superficial discussion.
Probing questions;
Discussion.

text book
chart

New Inventor K.L.B. BK IV. Pg 95-96
New Inventor K.L.B. BK IV. Pg. 96-97

MONEY & BANKING

Demand for money (liquidity preference)

By the end of the lesson, the learner should be able to:
Define the term demand for money.

Explain the motives that influence the desire to keep money instead of other assets.

Q/A: review the term demand.

Exposition and probing questions.

text book

New Inventor K.L.B. BK IV. Pg. 97-99

MONEY & BANKING

Supply of money. Banking System.

By the end of the lesson, the learner should be able to:
Define the term supply of money.
Identify various monetary items that are in circulation in an economy.
Identify elements of banking system in Kenya.

Q/A: review the term supply.
Expository approach
Analyse the hierarchy of banks in Kenya.
Give examples of banks in each category.

chart,text book

New Inventor K.L.B. BK IV. Pg. 99-100

MONEY & BANKING

Development of Banking. Commercial Banks.
Services offered by commercial banks.

By the end of the lesson, the learner should be able to:
Outline a brief history on development of banking.

Identify methods employed by commercial banks to generate profits.
Identify services offered by commercial banks.
Describe other services offered by commercial banks.

Exposition and probing questions;
Detailed discussion.
Discussion on lending money, safekeeping of valuable items, money transfer facilities, e.g. standing order, cheques, savings and current accounts, time deposits.

text book

New Inventor K.L.B. BK IV. Pg. 101-103
New Inventor K.L.B. BK IV. Pg. 103-9

MONEY & BANKING

Non-banking financial institutions.

By the end of the lesson, the learner should be able to:
Cite examples of non-banking financial institutions.
State functions of non-banking financial institutions.
Outline differences between commercial bank and NBFI.

Exposition;
Brief discussion;
Probing questions.

text book

New Inventor K.L.B. BK IV. Pg. 109-113

MONEY & BANKING

Functions of the Central bank.

By the end of the lesson, the learner should be able to:
Identify objectives and functions of the Central Bank.

Exposition of new ideas;
Guided discussion.

text book

New Inventor K.L.B. BK IV. Pg 113-8

MONEY & BANKING
INTERNATIONAL TRADE

Trends in banking.
Types of International Trade. Advantages and disadvantages of International Trade.

By the end of the lesson, the learner should be able to:
Describe banking policies on types of account, use of computers, ,ATMs, m-banking, Mpesa,
e-banking.




Distinguish bilateral trade from multilateral trade.


State advantages and disadvantages of International Trade.

Brain storming;
Discussion.



Brainstorming and guided discussion.


Q/A & guided discussion

chart,text book



Newspaper cuttings & relevant magazines.

New Inventor K.L.B. BK IV. Pg. 118-121



Pg. 163-4

INTERNATIONAL TRADE

Terms of International Trade.

By the end of the lesson, the learner should be able to:
Explain the concept terms of International Trade.
Distinguish favourable trade from unfavourable terms of trade.

Probing questions, brief discussion.

text book

Pg. 164-6

INTERNATIONAL TRADE

Terms of trade among different countries.

By the end of the lesson, the learner should be able to:
Account for differences in terms of terms of trade among nations.

Probing questions and guided discussion.

newspaper

Pg. 167-8