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.
Money system Characteristics of money.

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.


State characteristics of money.

Brain storming;
Brief discussion.
Brainstorming and superficial discussion.

text book

New Inventor K.L.B. BK IV. Pg 91-94
New Inventor K.L.B. BK IV. Pg 95-96

MONEY & BANKING

Functions of money.

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

Probing questions;
Discussion.

chart

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

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.
Describe other services offered by commercial banks.

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


Discussion on lending money, safekeeping of valuable items, money transfer facilities, e.g. standing order, cheques, savings and current accounts, time deposits.

chart,text book
text book

New Inventor K.L.B. BK IV. Pg. 99-100
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
PUBLIC FINANCE

Trends in banking.
Purpose of public finance. Sources of public finance.

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.




Differentiate between internal and external borrowing.

Brain storming;
Discussion.



Brainstorming.
Brief discussion.

chart,text book


Business Magazines.

New Inventor K.L.B. BK IV. Pg. 118-121
New Inventor K.L.B. BK IV. Pg.125-7

PUBLIC FINANCE

External borrowing.

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.

Exposition;
Discussion.

text book

New Inventor K.L.B. BK IV. Pg. 127-8

PUBLIC FINANCE

Government expenditure. Principles of public expenditure.

By the end of the lesson, the learner should be able to:
Differentiate between recurrent and development expenditure.
Outline principles of public expenditure.

Exposition & discussion.

Newspaper cuttings & relevant magazines.

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

PUBLIC FINANCE

Taxation.
Principles of 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.

Explain basic principles of taxation.

Exposition;
Explanations.

Newspaper cuttings & relevant magazines.

New Inventor K.L.B. BK IV. Pg.131
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
INFLATION

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

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


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

Q/A and guided discussion.


Guided discussion and computations.

text book

Newspaper cuttings & relevant magazines.

Pg. 138-141


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

INTERNATIONAL TRADE

Types of International Trade. Advantages and disadvantages 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.

Brainstorming and guided discussion.


Q/A & guided discussion

Newspaper cuttings & relevant magazines.

Pg. 163-4

INTERNATIONAL TRADE

Terms of International Trade.
Terms of trade among different countries.

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.

Account for differences in terms of terms of trade among nations.

Probing questions, brief discussion.
Probing questions and guided discussion.

text book
newspaper

Pg. 164-6
Pg. 167-8

INTERNATIONAL TRADE

Balance of Payments. (Current A/C)

By the end of the lesson, the learner should be able to:
Define the term balance of payments.
Analyse components of balance of payments.
(Current A/C).

Exposition of new concepts and detailed discussion.

text book

Pg. Pg. 168-9

INTERNATIONAL TRADE

Balance of Payments. (Capital A/C)

By the end of the lesson, the learner should be able to:
Cite examples of transactions that affect the Capital A/C.

Q/A: review types of capital.
Exposition of new concepts and detailed discussion.

newspaper

Pg. 169-170

INTERNATIONAL TRADE

Overall Balance of Payments.
The Official Settlement A/C.

By the end of the lesson, the learner should be able to:
Determine the overall balance of payments.
Define the Official Settlement A/C.

Q/A: review current A/C and capital A/C.
Illustrative examples.
Assignment.

Guided brief discussion.

newspaper
text book

Pg. 170
Pg. 171

INTERNATIONAL TRADE

Disequilibrium of Balance of payments. Correction of balance of payment disequilibrium.

By the end of the lesson, the learner should be able to:
Identify causes of Disequilibrium of Balance of payments.

Outline methods of correcting of balance of payment disequilibrium.

Exposition of new concepts & explanations;
Discussion.

text book

Pg. 172-5

INTERNATIONAL TRADE

Terms of sale in international trade.

By the end of the lesson, the learner should be able to:
Identify common terms of sale in international trade.

Exposition & explanations;
Probing questions;
Discussion.

text book

Pg. 175

INTERNATIONAL TRADE

Documents used in international trade.

By the end of the lesson, the learner should be able to:
Identify major documents used in international trade.

Give examples of relevant documents.
Give examples of relevant documents.

text book

Pg. 176-7

INTERNATIONAL TRADE

IMF, ADF and World bank.

By the end of the lesson, the learner should be able to:
State objectives of IMF, ADF and World bank..
Trace a background to the growth of specific
development funds.

Brain storming;
Discussion.

Newspaper cuttings & relevant magazines.

Pg. 179-180

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

Forms & importance of economic integration.
Trade restrictions.

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.
Cite reasons for trade restrictions.
Outline methods of trade restriction.

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

newspaper

Pg. 182-5
Pg. 185-7

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
ECONOMIC DEVP AND PLANNING

Advantages and disadvantages of trade restrictions.
Trends in international trade.
Growth and development.

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

Exposition of new concepts.
Guided discussion & oral questions.

text book
newspaper

Pg 187-8
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