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.M

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.

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

Q/A and guided discussion.

text book

Pg. 138-141

PUBLIC FINANCE
INFLATION

Topic summary / review
Introduction Consumer Price index

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


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

Problem solving.Revision;



Guided discussion and computations.

text book

Newspaper cuttings & relevant magazines.

Pg. 142-144


145-6

INFLATION

Simple and weighted price relatives.

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.

Guided computations.

Supervised practice.

Price relative tables.

Pg. 147

INFLATION

Types of inflation. Causes of demand- pull inflation.

By the end of the lesson, the learner should be able to:
outline types of inflation.



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

Teacher exposes new concepts related to inflation types.

Expository and descriptive approaches.

Newspaper cuttings & relevant magazines.

Pg. 147-8


Pg. 149-150

INFLATION

Causes of cost- pull 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:
Explain the concept of cost-pull inflation.
Explain the causes of cost-pull inflation.

Highlight various levels of inflation.
Outline positive and negative effects of inflation.

Expository and descriptive approaches with probing questions.
Probing questions;
Discussion..

Newspaper cuttings & relevant magazines.

Pg. 152
Pg. 152-3,

154-6

INFLATION

Controlling inflation.

By the end of the lesson, the learner should be able to:
Identify some policies adopted by the govt to reduce or control inflation.

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

Pg. 156-8

INFLATION

Controlling inflation.

By the end of the lesson, the learner should be able to:
Identify some policies adopted by the govt to reduce or control inflation.

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

Pg. 156-8

INTERNATIONAL TRADE

Types of International Trade. Advantages and disadvantages of International Trade.
Terms of International Trade.

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



Distinguish bilateral trade from multilateral trade.


State advantages and disadvantages of International Trade.
Explain the concept terms of International Trade.
Distinguish favourable trade from unfavourable terms of trade.

Brainstorming and guided discussion.


Q/A & guided discussion
Probing questions, brief discussion.

Newspaper cuttings & relevant magazines.
text book

Pg. 163-4
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

ECONOMIC INTEGRATION

Forms & importance of economic integration.

By the end of the lesson, the learner should be able to:
Define economic integration.
Identify forms of economic integration.
Outline forms of economic integration.
Analyze importance of economic integration.
Enumerate advantages and disadvantages of free trade.

Q/A review relevant terms.
Probing questions
& guided discussion.

newspaper

Pg. 182-5

ECONOMIC INTEGRATION

Trade restrictions.

By the end of the lesson, the learner should be able to:
Cite reasons for trade restrictions.
Outline methods of trade restriction.

Q/A & guided discovery.

newspaper

Pg. 185-7

ECONOMIC INTEGRATION

Methods of trade restrictions.

By the end of the lesson, the learner should be able to:
Highlight some methods used to control trade restrictions.

Q/A & exposition.

text book

Pg 186-7

ECONOMIC INTEGRATION

Advantages and disadvantages of trade restrictions.

By the end of the lesson, the learner should be able to:
State advantages and disadvantages of trade restrictions.

Exposition of new concepts.

text book

Pg 187-8

ECONOMIC INTEGRATION
ECONOMIC DEVP AND PLANNING

Trends in international trade.
Growth and development.

By the end of the lesson, the learner should be able to:
Analyse some current trends in international trade.
Define economic growth of a country.
Identify structural changes that may accompany economic development.

Probing questions and brief discussion on EPZ, liberalization e-trade &website.



Guided discussion & oral questions.

text book
newspaper

Pg 188-9
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

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.
Factors for underdevelopment.

By the end of the lesson, the learner should be able to:
Identify characteristics of under - development
Highlight some factors that impede development.

Brainstorming, questioning & discussion.
Q/A guided discussion.

text book

Pg 197-199
Pg. 200-2

ECONOMIC DEVP AND PLANNING

Development planning.

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

Probing questions /guided discussion.

text book

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