PUBLIC FINANCE

Purpose of public finance. Sources of public finance.
External borrowing.
Government expenditure. Principles of public expenditure.

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



Differentiate between internal and external borrowing.
Differentiate between reproductive debt and dead weight debt.
Identify types of govt?s expenditure.

Brainstorming.
Brief discussion.


Exposition;
Discussion.

Business Magazines.
text book
Newspaper cuttings & relevant magazines.

New Inventor K.L.B. BK IV. Pg.125-7
New Inventor K.L.B. BK IV. Pg. 127-8

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.
Classification of taxes on basis of impact on the tax payer. - Direct tax.
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:
Differentiate between impact and incidence of tax.

Classify taxes according to structure.
State merits and demerits of taxing people according to structure.
Classify taxes according to impact on the taxpayer.
State and explain merits and demerits of direct tax.

Exposition of new ideas;
Give examples and explanations.

Guided discussion on direct taxes.

text book

Pg. 133-4
Pg. 135-6

PUBLIC FINANCE

Topic summary / review

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

Problem solving.Revision;

text book

Pg. 142-144

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.
Causes of cost- 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

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

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.
Terms of trade among different countries.

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
newspaper

Pg. 163-4
Pg. 164-6

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

Methods of trade restrictions.
Advantages and disadvantages of trade restrictions.

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

Q/A & exposition.
Exposition of new concepts.

text book

Pg 186-7
Pg 187-8

ECONOMIC INTEGRATION

Trends in international trade.

By the end of the lesson, the learner should be able to:
Analyse some current trends in international trade.

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

text book

Pg 188-9

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

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