SIZE AND LOCATION OF A FIRM

Concept of firm and industry.
Size of a firm.
Location of a firm.

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.

Outline ways of determining size of a firm.

Exposition of new concepts;

Oral questions;
Guided discussion.

text book
text book
chart

New Inventor KLB BOOK III Pg 23-24
New Inventor KLB BOOK III Pg 24-25

SIZE AND LOCATION OF A FIRM

Localization of a firm.
Delocalization 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
text book

New Inventor KLB BOOK III Pg 27-28

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

SIZE AND LOCATION OF A FIRM

Internal and external diseconomies of scale.
Existence of small firms.
Negative impact of production activities on the environment.

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.

Give reasons that contribute to existence of small firms.

Exposition of new concepts.
Oral questions;
Discussion.
Brain storming;
Oral questions;
Discussion.

text book

New Inventor KLB BOOK III Pg 31-32
New Inventor KLB BOOK III Pg 32-33

SIZE AND LOCATION OF A FIRM
PRODUCT MARKETS

Maintaining a healthy environment.
The kinked demand curve.

By the end of the lesson, the learner should be able to:
Outline factors that contribute to a healthy business environment.

Brain storming;
Discussion.

chart
text book

New Inventor KLB BOOK III Pg 36-38

CHAIN OF DISTRIBUTION

Channels of distribution.
Distribution of local agricultural produce.

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


Define the term channel of distribution.
Identify common channels of distribution.

Brain storming;
Probing questions;
Brief discussion.

text book
Chart ?channels of distribution of local agricultural produce

New Inventor KLB BOOK III Pg 49-50

CHAIN OF DISTRIBUTION

Distribution of locally manufactured goods.
Distribution of imported goods.
Roles played by intermediaries in the distribution chain.

By the end of the lesson, the learner should be able to:
Describe distribution of locally manufactured goods.
Outline roles played by intermediaries in the distribution chain.

Draw a flow chart;
Probing questions;
Brief discussion.
Brain storming;
Oral questions;
Discussion.

Flow chart.
Illustrative flow charts.

New Inventor KLB BOOK III Pg 51-52
New Inventor KLB BOOK III Pg 54-57

CHAIN OF DISTRIBUTION
NATIONAL INCOME.

Choice of distribution channel.
Meaning of national income, GDP, NDP, GNP & NNP. Per capita income.

By the end of the lesson, the learner should be able to:
Explain factors influencing choice of distribution channel.

Brain storming;
Oral questions;
Discussion.

text book

New Inventor KLB BOOK III Pg 57-58

NATIONAL INCOME.

Circular flow of income.

By the end of the lesson, the learner should be able to:
Describe the circular flow of income.
State assumptions made in circular flow of income.

Exposition of new concepts, explanations & discussion.

Chart: circular flow of income.

New Inventor KLB BOOK III Pg 60-61

NATIONAL INCOME.

Factors affecting circular flow of income.
Expenditure approach of determining national income.
Income approach of determining national income.

By the end of the lesson, the learner should be able to:
Outline factors that affect circular flow of income.
Determine national income using income approach.
List down problems associated with income approach.

Oral questions;
Exposition of concepts.
Exposition of new concepts, explanations & discussion;
Calculations.

text book
Calculators,text book
Calculators.

New Inventor KLB BOOK III Pg 61-62
New Inventor KLB BOOK III Pg 64-65

NATIONAL INCOME.

Output approach of determining national income.
Uses of national income statistics.

By the end of the lesson, the learner should be able to:
Determine national income using output approach.
List down problems associated with output approach.

Exposition of new concepts;
Probing questions;
Guided discussion;
Calculations.

Calculators.
text book

New Inventor KLB BOOK III Pg 65-66

NATIONAL INCOME.
POPULATION & EMPLOYMENT.

Levels of national income.
Population growth.

By the end of the lesson, the learner should be able to:
Highlight factors that influence the levels of national income.

Exposition of new concepts;
Probing questions;
Guided discussion;
Review exercise.

text book

New Inventor KLB BOOK III Pg 68-70

POPULATION & EMPLOYMENT.

Optimum population.
Under-population.
Over-population.
Young population.

By the end of the lesson, the learner should be able to:
Define the term optimum population.
Illustrate the concept of optimum population graphically.
Explain what optimum population depicts.

Cite factors that lead to over population.
State advantages and disadvantages of over-population.

Exposition of new concepts;
Probing questions;
Guided discussion;
Illustrative curve sketching.
Brain storming;
Oral questions;
Guided discussion.

Chart- optimum population.
Chart- under population.
Chart- over population.
text book

New Inventor KLB BOOK III Pg 73-74
New Inventor KLB BOOK III Pg 75-77

POPULATION & EMPLOYMENT.

Ageing population.
Declining population.

By the end of the lesson, the learner should be able to:
Identify problems associated with ageing population.
State factors that may lead to ageing population.

Q/A to review young population;
Discussion on ageing and declining populations.

text book

New Inventor KLB BOOK III Pg 78-79

POPULATION & EMPLOYMENT.

Population structure.
Employment and unemployment.

By the end of the lesson, the learner should be able to:
Differentiate between a young population and an ageing population.
Define the term population structure.
Explain implications of population size and structure on development.

Probing questions;
Drawing an illustrative population pyramid; Discussion.

Chart- population structure pyramid.,
Diagram of vicious cycle of rapid population growth.
text book

New Inventor KLB BOOK III Pg 80-81

POPULATION & EMPLOYMENT.

Causes of unemployment.
Solving unemployment problems.

By the end of the lesson, the learner should be able to:
Outline the main causes of unemployment.
Suggest some possible solutions to unemployment problems in Kenya.

Q/A and brief discussion
Group discussions & presentations;
Guided discussion.

text book

New Inventor KLB BOOK III Pg 87-88
New Inventor KLB BOOK III Pg 88-90

NET WORTH OF A BUSINESS.

Basic terms used in business.

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



Define basic terms used in business.
State characteristics of assets / liabilities.

Brief discussion on the terms debtor, creditor, asset, liability and capital.

New Inventor KLB BOOK III Pg 92-95

NET WORTH OF A BUSINESS.

Book-keeping Equation.

By the end of the lesson, the learner should be able to:
Identify sources of assets.
Derive and explain the bookkeeping equation.

Use a concrete example to arrive at the book-keeping equation.
Apply the book-keeping equation.
Supervised practice.

text book

New Inventor KLB BOOK III Pg 95-97

NET WORTH OF A BUSINESS.

Balance sheet.
Importance of a balance sheet.

By the end of the lesson, the learner should be able to:
Define the term balance sheet.
Prepare a balance sheet.


Explain importance of a balance sheet.

Guided preparation of a balance sheet.
Supervised practice.
Assignment.

Probing questions;
Discussion.

text book

New Inventor KLB BOOK III Pg 97-98
New Inventor KLB BOOK III Pg 99

NET WORTH OF A BUSINESS.

Book-keeping equation and balance sheet.
Net worth of a business.

By the end of the lesson, the learner should be able to:
Relate book-keeping equation with balance sheet

Guided discovery;

New Inventor KLB BOOK III pg 99

NET WORTH OF A BUSINESS.
BUSINESS TRANSACTIONS

Topic review.
Types of business transactions.

By the end of the lesson, the learner should be able to:
Answer questions correctly.

Answer numerical questions.
Exercise review.

chart

New Inventor KLB BOOK III Pg 100-102

BUSINESS TRANSACTIONS

Effects of transactions on the balance sheet.
Changes in capital: Drawing.
Additional investments.

By the end of the lesson, the learner should be able to:
Determine the effects of transactions on the balance sheet.



Explain how drawings affect capital.

Worked examples;
Supervised exercise;
Guided discovery.


Worked examples
Supervised practice.
Exercise.

chart

New Inventor KLB BOOK III Pg 103-108
New Inventor KLB BOOK III Pg 108-9

BUSINESS TRANSACTIONS

Profit & losses.

By the end of the lesson, the learner should be able to:
Determine the solvency of a business.

Q/A : review meaning of terms profit and loss.
Work through examples.

text book

New Inventor KLB BOOK III Pg 109-110

BUSINESS TRANSACTIONS
THE LEDGER.
THE LEDGER.

Initial and final capital of a business.
Meaning and purpose of a ledger.
Rules of recording transactions in ledger accounts.

By the end of the lesson, the learner should be able to:
Compute the capital at the end of a given period.

Work through examples;
Group activities;
Guided discussion.

text book
A ledger book.
A ledger.

New Inventor KLB BOOK III Pg 111