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

Maintaining a healthy environment.

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

New Inventor KLB BOOK III Pg 36-38

PRODUCT MARKETS
CHAIN OF DISTRIBUTION

The kinked demand curve.
Channels of distribution.

By the end of the lesson, the learner should be able to:
Interpret the kinked demand curve.

Curve sketching;
Discussion.

text book

New Inventor KLB BOOK III Pg 47-48

CHAIN OF DISTRIBUTION

Distribution of local agricultural produce.
Distribution of locally manufactured goods.
Distribution of imported goods.

By the end of the lesson, the learner should be able to:
Describe distribution of local agricultural produce.
Describe distribution of imported goods.

Draw a flow chart;
Brief discussion.

Chart ?channels of distribution of local agricultural produce
Flow chart.

New Inventor KLB BOOK III Pg 50-51
New Inventor KLB BOOK III Pg 52-53

CHAIN OF DISTRIBUTION

Roles played by intermediaries in the distribution chain.
Choice of distribution channel.

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

Brain storming;
Oral questions;
Discussion.

Illustrative flow charts.
text book

New Inventor KLB BOOK III Pg 54-57

NATIONAL INCOME.

Meaning of national income, GDP, NDP, GNP & NNP. Per capita income.
Circular flow of income.

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



Define terms related to national income.

Exposition of new concepts, explanations & discussion.

text book
Chart: circular flow of income.

New Inventor KLB BOOK III Pg 59-60

NATIONAL INCOME.

Factors affecting circular flow of income.
Expenditure 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 expenditure approach.
List down problems associated with expenditure approach.

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

text book
Calculators,text book

New Inventor KLB BOOK III Pg 61-62
New Inventor KLB BOOK III Pg 63-64

NATIONAL INCOME.

Income approach of determining national income.

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

Exposition of new concepts, explanations & discussion;
Calculations.

Calculators.

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.
POPULATION & EMPLOYMENT.

Levels of national income.
Population growth.
Optimum population.
Under-population.
Over-population.

By the end of the lesson, the learner should be able to:
Highlight factors that influence the levels of national income.
Cite factors that lead to under population.
State demerits of under -population.

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

Brain storming;
Guided discussion.

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

New Inventor KLB BOOK III Pg 68-70
New Inventor KLB BOOK III Pg 74-75

POPULATION & EMPLOYMENT.

Young population.
Ageing population.

By the end of the lesson, the learner should be able to:
Cite factors that may lead to young population.
State advantages and disadvantages of a young population.
Outline challenges of a young population.

Brain storming;
Oral questions;
Exposition;
Guided discussion.

text book

New Inventor KLB BOOK III Pg 78

POPULATION & EMPLOYMENT.

Declining population.

By the end of the lesson, the learner should be able to:
State factors that may lead to a declining population.
Outline effects of a declining population.

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

New Inventor KLB BOOK III Pg 78-79

POPULATION & EMPLOYMENT.

Population structure.
Employment and unemployment.
Causes of 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.

Outline the main causes of unemployment.

Probing questions;
Drawing an illustrative population pyramid; Discussion.
Q/A and brief discussion

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

New Inventor KLB BOOK III Pg 80-81
New Inventor KLB BOOK III Pg 87-88

POPULATION & EMPLOYMENT.

Solving unemployment problems.

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

Group discussions & presentations;
Guided discussion.

text book

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.
Balance sheet.

By the end of the lesson, the learner should be able to:
Identify sources of assets.
Derive and explain the bookkeeping equation.
Define the term balance sheet.
Prepare a balance sheet.

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

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

text book

New Inventor KLB BOOK III Pg 95-97
New Inventor KLB BOOK III Pg 97-98

NET WORTH OF A BUSINESS.

Importance of a balance sheet.

By the end of the lesson, the learner should be able to:
Explain importance of a balance sheet.

Probing questions;
Discussion.

New Inventor KLB BOOK III Pg 99

NET WORTH OF A BUSINESS.

Book-keeping equation and balance sheet.

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

Net worth of a business.
Topic review.
Types of business transactions.

By the end of the lesson, the learner should be able to:
Determine a business net worth using book-keeping equation and a balance sheet.


Give examples of business transactions.
Define the term deferred payment.
Give examples of credit transactions.

Discussion.



Probing questions;
Oral questions;
Brief guided discussion.

chart

New Inventor KLB BOOK III Pg 99-100
New Inventor KLB BOOK III Pg 103

BUSINESS TRANSACTIONS

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

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

Worked examples;
Supervised exercise;
Guided discovery.

chart

New Inventor KLB BOOK III Pg 103-108

BUSINESS TRANSACTIONS

Additional investments.
Profit & losses.
Initial and final capital of a business.

By the end of the lesson, the learner should be able to:
Explain how additional investments affect capital.

Work through an example.
Exercise.

text book

New Inventor KLB BOOK III Pg 109