SIZE AND LOCATION OF A FIRM

Concept of firm and industry.
Size 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.

Exposition of new concepts;

text book

New Inventor KLB BOOK III Pg 23-24

SIZE AND LOCATION OF A FIRM

Location of a firm.
Localization of a firm.
Delocalization of a firm.

By the end of the lesson, the learner should be able to:
Identify factors influencing location of a firm.
Outline factors that encourage delocalization of a firm.
State advantages and disadvantages of delocalization of a firm.

Exposition of new concepts;
Detailed discussion.

Exposition;
Oral questions;
Discussion.

chart
text book

New Inventor KLB BOOK III Pg 25-27
New Inventor KLB BOOK III Pg 27-28

SIZE AND LOCATION OF A FIRM

Internal economies of scale. External economies of scale.
Internal and external diseconomies 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

Existence of small firms.

By the end of the lesson, the learner should be able to:
Give reasons that contribute to existence of small firms.

Brain storming;
Oral questions;
Discussion.

text book

New Inventor KLB BOOK III Pg 32-33

SIZE AND LOCATION OF A FIRM
PRODUCT MARKETS

Negative impact of production activities on the environment.
Maintaining a healthy environment.
The kinked demand curve.

By the end of the lesson, the learner should be able to:
Highlight adverse effects arising from production activities.
Interpret the kinked demand curve.

Probing questions and discussion on
adverse effects of air pollution, water pollution, noise pollution & solid waste pollution.

Curve sketching;
Discussion.

text book
chart

New Inventor KLB BOOK III Pg 33-35
New Inventor KLB BOOK III Pg 47-48

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.

By the end of the lesson, the learner should be able to:
Describe distribution of locally manufactured goods.

Draw a flow chart;
Probing questions;
Brief discussion.

Flow chart.

New Inventor KLB BOOK III Pg 51-52

CHAIN OF DISTRIBUTION
CHAIN OF DISTRIBUTION
NATIONAL INCOME.

Roles played by intermediaries in the distribution chain.
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:
Outline roles played by intermediaries in the distribution chain.
Explain factors influencing choice of distribution channel.

Brain storming;
Oral questions;
Discussion.

Illustrative flow charts.
text book

New Inventor KLB BOOK III Pg 54-57
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.

By the end of the lesson, the learner should be able to:
Outline factors that affect circular flow of income.

Oral questions;
Exposition of concepts.

text book
Calculators,text book

New Inventor KLB BOOK III Pg 61-62

NATIONAL INCOME.

Income approach of determining national income.
Output 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.


Determine national income using output approach.
List down problems associated with output approach.

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

Calculators.

New Inventor KLB BOOK III Pg 64-65
New Inventor KLB BOOK III Pg 65-66

NATIONAL INCOME.

Uses of national income statistics.
Levels of national income.

By the end of the lesson, the learner should be able to:
Outline uses of national income statistics.

Exposition of new concepts;
Probing questions;
Guided discussion.

text book

New Inventor KLB BOOK III Pg 66-67

POPULATION & EMPLOYMENT.

Population growth.
Optimum population.

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




Outline factors associated with population growth.
List factors that are likely to lead to either high or low birthrates.
Calculate population growth rate.

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

text book
Chart- optimum population.

New Inventor KLB BOOK III Pg 71-72

POPULATION & EMPLOYMENT.

Under-population.
Over-population.
Young population.
Ageing population.

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

Brain storming;
Guided discussion.
Brain storming;
Oral questions;
Exposition;
Guided discussion.

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

New Inventor KLB BOOK III Pg 74-75
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.

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.

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.

Net worth of a business.
Topic review.

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.

Discussion.

chart

New Inventor KLB BOOK III Pg 99-100

BUSINESS TRANSACTIONS

Types of 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:


Give examples of business transactions.
Define the term deferred payment.
Give examples of credit transactions.
Determine the effects of transactions on the balance sheet.

Probing questions;
Oral questions;
Brief guided discussion.
Worked examples;
Supervised exercise;
Guided discovery.

chart

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

BUSINESS TRANSACTIONS

Additional investments.
Profit & losses.

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

BUSINESS TRANSACTIONS

Initial and final capital of a business.

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

New Inventor KLB BOOK III Pg 111

THE LEDGER.

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:


Identify features of a ledger.
Explain the purpose of a ledger.

Record transactions in a ledger A/Cs.

Exposition of new concepts and detailed discussion.
Exposition and summary in tabular form

A ledger book.


A ledger.

New Inventor KLB BOOK III Pg 117
New Inventor KLB BOOK III 118-120

THE CASH BOOK

Types of cash books. Single- column cash book.
The two- column cash book.

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


List types of cashbooks.
Identify features of a single-column cash book.
Post entries in a single-column cash book.

Worked examples.
Written assignment.

Single-column cash book.
Two-column cash book.

New Inventor KLB BOOK III Pg 151-2

THE CASH BOOK

Ledger accounts from three-column cash book.
The three-column cash book.

By the end of the lesson, the learner should be able to:
Post transactions from three-column cash book to ledger accounts.

Probing questions;
Illustrated examples;
Guided discussion.

3-column cash book, the ledger.
3-column cash book.

New Inventor KLB BOOK III Pg 160-2

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Source documents Introduction. Cash receipt.
Invoice.
Debit note and credit note.
Payment voucher & petty cash voucher.

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




Define a source document.
Give examples of source documents.

Describe features of a cash / cheque receipt.


Define a debit note and a credit note.
Explain purposes of credit notes and credit note.

Exposition of new terms;

Brain storming;

Brief discussion.

Examine a debit note and a credit note.
Brief discussion on features of the notes.

Cash receipts
Invoices.
Debit note and credit note.
Payment voucher & petty cash voucher.

New
Inventor
K.L.B.
BK IV.
Pg 1-2


New Inventor K.L.B. BK IV. Pg. 5-6

SOURCE DOCUMENTS & BOOKS OF ORIGINAL ENTRY

Books of original entry. Sales journal.

By the end of the lesson, the learner should be able to:
Highlight features of a sales journal.
Prepare a sales journal given credit sales.

Brief discussion;
Illustrated example.

Sales journal.

New Inventor K.L.B. BK IV. Pg. 8-10