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SCHEME OF WORK
Business Studies
Form 4 2025
TERM III
School


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WK LSN TOPIC SUB-TOPIC OBJECTIVES T/L ACTIVITIES T/L AIDS REFERENCE REMARKS
1 3
INTERNATIONAL TRADE
Introduction, Types and Advantages
By the end of the lesson, the learner should be able to:
Define international trade. Distinguish between bilateral and multilateral trade. State advantages of international trade. Explain how trade promotes specialization and employment.
Q/A session on local trading experiences; Brainstorming on goods Kenya exports/imports; Group discussion on trade advantages with real examples; Analysis of technology transfer cases.
World map, newspapers with trade reports, charts showing Kenya's trading partners, business magazines
KLB Secondary Business Studies Form 4, Pages 162-164
1 4
INTERNATIONAL TRADE
Disadvantages of International Trade
Computing Terms of Trade
Factors Affecting Terms of Trade
By the end of the lesson, the learner should be able to:
Identify disadvantages of international trade. Explain how trade can lead to local industry collapse. Analyze imported inflation concept. Discuss cultural and sovereignty impacts.
Guided discussion on negative trade effects; Case study analysis of textile industry challenges; Q/A on dependency problems; Group work on cultural changes due to globalization.
Newspaper cuttings on industry closures, case study materials, charts showing trade impacts
Calculators, statistical data sheets, worked examples, formula charts
Case study materials, charts comparing different economies, business magazines
KLB Secondary Business Studies Form 4, Pages 164
2 1
INTERNATIONAL TRADE
Balance of Trade and Balance of Payments Concepts
Preparing Balance of Payments Accounts
By the end of the lesson, the learner should be able to:
Define balance of trade and balance of payments. Distinguish between visible and invisible trade. Identify components of balance of payments account. Explain current and capital account transactions.
Exposition of trade balance concepts; Group work identifying transaction types; Practical examples using Kenya's trade data; Discussion on visible vs invisible goods classification.
Trade statistics, charts showing balance structure, newspapers with economic data
Account worksheets, calculators, worked examples, practice data sets
KLB Secondary Business Studies Form 4, Pages 167-169
2 2
INTERNATIONAL TRADE
Balance of Payments Disequilibrium
Terms of Sale in International Trade
By the end of the lesson, the learner should be able to:
Define balance of payments disequilibrium. Identify causes of disequilibrium. Explain methods to decrease import volumes. Analyze export promotion strategies.
Exposition of disequilibrium causes; Case studies on policy interventions; Discussion on import reduction methods; Analysis of export compensation and diversification strategies.
Policy documents, case study materials, charts showing correction methods
Shipping documents, cost calculation worksheets, practical scenarios, charts
KLB Secondary Business Studies Form 4, Pages 171-174
2 3
INTERNATIONAL TRADE
Credit and Import Documents
Shipping, Insurance and Commercial Documents
By the end of the lesson, the learner should be able to:
Explain letter of credit functions and types. Describe import licence requirements. Analyze indent procedures (open and closed). Discuss creditworthiness and banking relationships.
Examination of actual letters of credit; Discussion on import licensing procedures; Group work on indent preparation; Analysis of banking documentation requirements.
Sample letters of credit, import licence forms, indent examples, banking documents
Bill of lading samples, insurance certificates, invoice examples, document comparison charts
KLB Secondary Business Studies Form 4, Pages 176-177
2 4
INTERNATIONAL TRADE
Specialized Trade Documents
By the end of the lesson, the learner should be able to:
Describe proforma invoice purposes. Explain freight note and weight note functions. Analyze letter of hypothecation uses. Discuss shipping advice note and document flow in trade.
Exposition of specialized documents; Group work on document sequencing; Practical scenarios on document usage; Analysis of complete trade documentation cycle.
Document samples, flow charts, practical scenarios, case studies
KLB Secondary Business Studies Form 4, Pages 178-179
3 1
INTERNATIONAL TRADE
IMF and World Bank
By the end of the lesson, the learner should be able to:
State objectives and functions of IMF. Explain stable exchange rate maintenance and international liquidity provision. Describe World Bank objectives and development financing role. Compare IMF and World Bank functions.
Exposition of institutional backgrounds; Discussion on exchange rate stabilization; Case studies on institutional interventions; Comparison of lending terms and objectives.
Charts showing institutional structures, case study materials, project reports
KLB Secondary Business Studies Form 4, Pages 180-182
3 2
INTERNATIONAL TRADE
African Development Institutions
Forms and Characteristics of Economic Integration
By the end of the lesson, the learner should be able to:
Explain ADB establishment and functions. Describe ADF objectives and lending terms. Analyze impact on African development. Compare regional vs global financial institutions.
Exposition of regional development banking; Case studies on funded African projects; Discussion on concessional lending terms; Analysis of development impact assessment.
ADB/ADF project reports, development case studies, institutional comparison charts
Maps showing integration blocs, comparison charts, case study materials on regional blocs
KLB Secondary Business Studies Form 4, Pages 181
3 3
INTERNATIONAL TRADE
Importance and Effects of Economic Integration
By the end of the lesson, the learner should be able to:
Explain importance of economic integration including market expansion and specialization. Analyze advantages of free trade. Identify disadvantages including revenue loss and unemployment risks. Evaluate overall impact on member countries.
Group discussions on integration benefits; Case studies on successful integration examples; Analysis of trade creation vs trade diversion; Balanced assessment of costs and benefits.
Integration success stories, policy analysis documents, charts showing trade effects
KLB Secondary Business Studies Form 4, Pages 184-185
3 4
INTERNATIONAL TRADE
Reasons and Methods of Trade Restrictions
By the end of the lesson, the learner should be able to:
Explain reasons for trade restrictions including infant industry and strategic industry protection. Describe methods: tariffs, quotas, administrative bottlenecks, foreign exchange control. Analyze dumping prevention and employment protection.
Exposition of protection rationale with examples; Detailed explanation of restriction methods; Practical examples of tariff and quota calculations; Case studies on protection policies.
Case study materials, tariff schedules, quota examples, policy documents, calculators
KLB Secondary Business Studies Form 4, Pages 185-187
4 1
INTERNATIONAL TRADE
Advantages and Disadvantages of Trade Restrictions
Trade Liberalization and Export Processing Zones
By the end of the lesson, the learner should be able to:
State advantages of trade restrictions for domestic industries. Identify disadvantages including retaliation risks and consumer impacts. Analyze quality and price implications. Evaluate long-term effects on economic efficiency.
Balanced analysis of restriction effects; Case studies on protection outcomes and retaliation; Discussion on consumer welfare impacts; Group evaluation of policy trade-offs.
Policy analysis documents, consumer impact studies, case study materials
EPZ documentation, liberalization case studies, charts showing trade policy evolution
KLB Secondary Business Studies Form 4, Pages 187-188
4 2
INTERNATIONAL TRADE
E-commerce and Digital Trade
Forms and Importance of Economic Integration
By the end of the lesson, the learner should be able to:
Explain e-commerce applications in international trade. Describe online payment systems and digital transactions. Analyze advantages and challenges of digital trade. Discuss future trends in electronic commerce.
Demonstration of e-commerce platforms; Discussion on digital payment security; Group work on online trade benefits and risks; Analysis of technology impact on trade.
Computer/tablets for demonstration, e-commerce examples, online payment illustrations
Maps showing integration blocs, charts comparing integration forms, newspaper articles on regional cooperation
KLB Secondary Business Studies Form 4, Pages 189
4 3
INTERNATIONAL TRADE
Advantages and Disadvantages of Free Trade
Reasons for Trade Restrictions
By the end of the lesson, the learner should be able to:
Enumerate advantages of free trade including market expansion and specialization. Identify disadvantages such as revenue loss and unemployment risks. Analyze trade creation vs trade diversion effects. Evaluate impact on local industries and consumer choice.
Guided discussion on free trade benefits; Case studies on integration success stories; Group analysis of trade diversion problems; Q/A on consumer welfare impacts and government revenue effects.
Case study materials on successful integration, charts showing trade effects, policy analysis documents
Case study materials on protected industries, charts showing protection policies, newspaper articles on trade policies
KLB Secondary Business Studies Form 4, Pages 184-185
4 4
INTERNATIONAL TRADE
Methods of Trade Restrictions
Advantages and Disadvantages of Trade Restrictions
Trends in International Trade
By the end of the lesson, the learner should be able to:
Outline methods of trade restriction including tariffs and quotas. Highlight administrative bottlenecks and foreign exchange control. Explain moral persuasion as restriction method. Calculate effects of different restriction methods.
Detailed exposition of restriction methods; Practical examples of tariff and quota calculations; Discussion on administrative procedures; Group work on foreign exchange control mechanisms.
Tariff schedules, quota examples, calculators, policy documents showing restriction methods
Policy analysis documents, case studies on protection outcomes, consumer impact studies
EPZ documentation, computers/tablets for e-commerce demonstration, charts showing trade liberalization effects
KLB Secondary Business Studies Form 4, Pages 186-187
5 1
ECONOMIC DEVELOPMENT AND PLANNING
Economic Growth and Development Concepts
Characteristics of Under-development
Factors Hindering Development
By the end of the lesson, the learner should be able to:
Define economic growth and economic development. Distinguish between economic growth and development. Explain measurement of economic growth rates. Identify structural changes accompanying economic development.
Q/A session on development indicators; Guided discussion on growth vs development differences; Analysis of Kenya's economic journey; Group work on identifying structural changes.
Statistical data on economic indicators, charts comparing developed vs developing countries, newspaper economic reports
Statistical data on poverty and unemployment, photos showing infrastructure gaps, case study materials on developing countries
Case studies on development barriers, charts showing technology gaps, brain drain statistics
KLB Secondary Business Studies Form 4, Pages 195-196
5 2
ECONOMIC DEVELOPMENT AND PLANNING
Political, Social and Economic Institutional Factors
By the end of the lesson, the learner should be able to:
Explain how political institutions affect development progress. Analyze social institutions and cultural barriers. Discuss economic institutions and market efficiency roles. Evaluate extended family systems and work attitude impacts.
Detailed discussion on institutional roles; Case studies on governance and development correlation; Group analysis of cultural practices affecting development; Q/A on market efficiency and entrepreneurship promotion.
Governance case studies, cultural practice examples, charts showing institutional frameworks
KLB Secondary Business Studies Form 4, Pages 202-203
5 3
ECONOMIC DEVELOPMENT AND PLANNING
Development Planning Process and Objectives
By the end of the lesson, the learner should be able to:
Define development planning concept and importance. Explain planning process including objective establishment. State government policy objectives for long-term development. Analyze resource identification and allocation in planning.
Guided discussion on planning necessity; Exposition of systematic planning process; Group work on identifying realistic planning objectives; Analysis of Kenya's development planning experience.
Kenya's development plan documents, planning process flowcharts, resource allocation examples
KLB Secondary Business Studies Form 4, Pages 202-204
5 4
ECONOMIC DEVELOPMENT AND PLANNING
Need for Development Planning and Benefits
Problems in Development Planning Implementation
By the end of the lesson, the learner should be able to:
Give reasons why development planning is necessary. Explain appropriate resource allocation through planning. Discuss planning role in stimulating national effort. Analyze planning support for foreign aid acquisition and project evaluation.
Group discussions on planning benefits; Case studies on successful planning outcomes; Analysis of foreign aid effectiveness with proper planning; Q/A on project evaluation importance and duplication avoidance.
Planning success case studies, foreign aid effectiveness reports, project evaluation examples
Case studies on planning challenges, disaster impact reports, examples of successful and failed development projects
KLB Secondary Business Studies Form 4, Pages 203-204
6 1
REVISION

Paper 1 Revision
Paper 1 Revision
Paper 1 Revision
Short Answer & Definition Questions
Application & Explanation Questions
Financial Questions
By the end of the lesson, the learner should be able to:
- Revise key definitions and facts
-Improve accuracy in short answers
-Practice time management
- Class quiz on common terms
-Group revision as guided by the teacher
-Peer marking using marking schemes
Past Paper 1 exams, marking schemes
Past Paper 1 exams, topic summaries, marking schemes
Past papers with financial questions, marking schemes
Business Studies Paper 1, KLB Bk 1-4
6 2
Paper 2 Revision
Descriptive Questions
Financial & Accounting Questions
By the end of the lesson, the learner should be able to:
- Develop essay-style answers in a structured format
-Organize points logically under subheadings
-Practice time-bound responses
- Brainstorm key points for common topics as guided by the teacher
-Group discussion
-Peer review and teacher marking
Sample answers, past papers, marking schemes
Past Paper 2 exams, marking schemes, financial statement examples
Business Studies Paper 2, KLB Bk 1-4
6 3
Paper 1 Revision
Short Answer & Definition Questions
Application & Explanation Questions
Financial Questions
By the end of the lesson, the learner should be able to:
- Revise key definitions and facts
-Improve accuracy in short answers
-Practice time management
- Class quiz on common terms
-Group revision as guided by the teacher
-Peer marking using marking schemes
Past Paper 1 exams, marking schemes
Past Paper 1 exams, topic summaries, marking schemes
Past papers with financial questions, marking schemes
Business Studies Paper 1, KLB Bk 1-4
6 4
Paper 2 Revision
Paper 1 Revision
Descriptive Questions
Financial & Accounting Questions
Short Answer & Definition Questions
By the end of the lesson, the learner should be able to:
- Develop essay-style answers in a structured format
-Organize points logically under subheadings
-Practice time-bound responses
- Brainstorm key points for common topics as guided by the teacher
-Group discussion
-Peer review and teacher marking
Sample answers, past papers, marking schemes
Past Paper 2 exams, marking schemes, financial statement examples
Past Paper 1 exams, marking schemes
Business Studies Paper 2, KLB Bk 1-4
7 1
Paper 1 Revision
Application & Explanation Questions
Financial Questions
By the end of the lesson, the learner should be able to:
- Apply business knowledge to real business situations
-Develop clear, logical explanations
- Teacher demonstrates how to answer explanation questions
-Students answer questions on factors, reasons, and effects
-Class discussion and corrections
Past Paper 1 exams, topic summaries, marking schemes
Past papers with financial questions, marking schemes
Business Studies KLB Paper 1, KLB Bk 1-4, Students notes
7 2
Paper 2 Revision
Paper 1 Revision
Descriptive Questions
Financial & Accounting Questions
Short Answer & Definition Questions
By the end of the lesson, the learner should be able to:
- Develop essay-style answers in a structured format
-Organize points logically under subheadings
-Practice time-bound responses
- Brainstorm key points for common topics as guided by the teacher
-Group discussion
-Peer review and teacher marking
Sample answers, past papers, marking schemes
Past Paper 2 exams, marking schemes, financial statement examples
Past Paper 1 exams, marking schemes
Business Studies Paper 2, KLB Bk 1-4
7 3
Paper 1 Revision
Paper 2 Revision
Application & Explanation Questions
Financial Questions
Descriptive Questions
By the end of the lesson, the learner should be able to:
- Apply business knowledge to real business situations
-Develop clear, logical explanations
- Teacher demonstrates how to answer explanation questions
-Students answer questions on factors, reasons, and effects
-Class discussion and corrections
Past Paper 1 exams, topic summaries, marking schemes
Past papers with financial questions, marking schemes
Sample answers, past papers, marking schemes
Business Studies KLB Paper 1, KLB Bk 1-4, Students notes
7 4
Paper 2 Revision
Paper 1 Revision
Financial & Accounting Questions
Short Answer & Definition Questions
By the end of the lesson, the learner should be able to:
- Master the rules of recording financial information
-Learn to prepare different financial reports
-Apply financial knowledge to solve problems
- Teacher shows how to prepare various financial reports
-Students work on past paper problems alone and in groups
-Teacher checks the work to ensure it's correct and gives feedback
Past Paper 2 exams, marking schemes, financial statement examples
Past Paper 1 exams, marking schemes
Business Studies KLB Book 1-4
8 1
Paper 1 Revision
Paper 2 Revision
Application & Explanation Questions
Financial Questions
Descriptive Questions
By the end of the lesson, the learner should be able to:
- Apply business knowledge to real business situations
-Develop clear, logical explanations
- Teacher demonstrates how to answer explanation questions
-Students answer questions on factors, reasons, and effects
-Class discussion and corrections
Past Paper 1 exams, topic summaries, marking schemes
Past papers with financial questions, marking schemes
Sample answers, past papers, marking schemes
Business Studies KLB Paper 1, KLB Bk 1-4, Students notes
8 2
Paper 2 Revision
Paper 1 Revision
Paper 1 Revision
Financial & Accounting Questions
Short Answer & Definition Questions
Application & Explanation Questions
By the end of the lesson, the learner should be able to:
- Master the rules of recording financial information
-Learn to prepare different financial reports
-Apply financial knowledge to solve problems
- Teacher shows how to prepare various financial reports
-Students work on past paper problems alone and in groups
-Teacher checks the work to ensure it's correct and gives feedback
Past Paper 2 exams, marking schemes, financial statement examples
Past Paper 1 exams, marking schemes
Past Paper 1 exams, topic summaries, marking schemes
Business Studies KLB Book 1-4
8 3
Paper 1 Revision
Paper 2 Revision
Paper 2 Revision
Financial Questions
Descriptive Questions
Financial & Accounting Questions
By the end of the lesson, the learner should be able to:
- Master financial calculations and reporting
-Prepare financial
-Interpret and apply financial data to solve problems
- Solve past paper financial questions in groups
-Peer review and teacher marking of solutions
Past papers with financial questions, marking schemes
Sample answers, past papers, marking schemes
Past Paper 2 exams, marking schemes, financial statement examples
Business Studies KLB Paper 1, KLB Bk 1-4, Students notes
8 4
Paper 1 Revision
Short Answer & Definition Questions
Application & Explanation Questions
By the end of the lesson, the learner should be able to:
- Revise key definitions and facts
-Improve accuracy in short answers
-Practice time management
- Class quiz on common terms
-Group revision as guided by the teacher
-Peer marking using marking schemes
Past Paper 1 exams, marking schemes
Past Paper 1 exams, topic summaries, marking schemes
Business Studies Paper 1, KLB Bk 1-4
9 1
Paper 1 Revision
Paper 2 Revision
Paper 2 Revision
Financial Questions
Descriptive Questions
Financial & Accounting Questions
By the end of the lesson, the learner should be able to:
- Master financial calculations and reporting
-Prepare financial
-Interpret and apply financial data to solve problems
- Solve past paper financial questions in groups
-Peer review and teacher marking of solutions
Past papers with financial questions, marking schemes
Sample answers, past papers, marking schemes
Past Paper 2 exams, marking schemes, financial statement examples
Business Studies KLB Paper 1, KLB Bk 1-4, Students notes
9 2
Paper 1 Revision
Short Answer & Definition Questions
Application & Explanation Questions
Financial Questions
By the end of the lesson, the learner should be able to:
- Revise key definitions and facts
-Improve accuracy in short answers
-Practice time management
- Class quiz on common terms
-Group revision as guided by the teacher
-Peer marking using marking schemes
Past Paper 1 exams, marking schemes
Past Paper 1 exams, topic summaries, marking schemes
Past papers with financial questions, marking schemes
Business Studies Paper 1, KLB Bk 1-4
9 3
Paper 2 Revision
Descriptive Questions
Financial & Accounting Questions
By the end of the lesson, the learner should be able to:
- Develop essay-style answers in a structured format
-Organize points logically under subheadings
-Practice time-bound responses
- Brainstorm key points for common topics as guided by the teacher
-Group discussion
-Peer review and teacher marking
Sample answers, past papers, marking schemes
Past Paper 2 exams, marking schemes, financial statement examples
Business Studies Paper 2, KLB Bk 1-4
9 4
Paper 1 Revision
Paper 2 Revision
Paper 2 Revision
Short Answer & Definition Questions
Application & Explanation Questions
Financial Questions
Descriptive Questions
Financial & Accounting Questions
By the end of the lesson, the learner should be able to:
- Revise key definitions and facts
-Improve accuracy in short answers
-Practice time management
- Class quiz on common terms
-Group revision as guided by the teacher
-Peer marking using marking schemes
Past Paper 1 exams, marking schemes
Past Paper 1 exams, topic summaries, marking schemes
Past papers with financial questions, marking schemes
Sample answers, past papers, marking schemes
Past Paper 2 exams, marking schemes, financial statement examples
Business Studies Paper 1, KLB Bk 1-4

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