BUSINESS AND MONEY MANAGEMENT

FINANCIAL GOALS Importance of setting financial goals.

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

Analyse the meaning of financial goals.
State the importance of goal setting as used in financial management.
Appreciate the importance of setting financial goals.

Learner shall be guided to:
Define goals.
Define financial goals.
-Discuss and present the meaning and importance of goal
setting as used in financial management
-Discuss and present the importance of financial discipline.
-Set financial goals with assistance from a resource person or teacher or parent or guardian.

Why is setting financial goals important?

Business Studies
curriculum design
-Business Studies
Handbook page 1
-Digital resources
-Volunteer resource
persons
-Approved textbooks
and reference
materials
-Photographs and pictures
-Charts
-Sample personal
budget temp
late
Mentor Business Studies Learner's Book Grade 8 pg. 1-2

Assignments -Self and peer assessment -Oral questioning -Portfolio Assessment -Observation -Journaling -Learner's Profiling

BUSINESS AND MONEY MANAGEMENT

Factors to consider when setting up financial goals.

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

Define financial goals
Examine the factors to consider when setting financial goals.
c)apply available learning
resources to search for
information for setting financial goals.

Learner shall be guided to:
-Discuss and present the meaning and importance of goal
setting as used in financial management
-Brainstorm and present the
factors to consider when setting financial goals
-Discuss and present the importance of financial discipline.
-Use digital devices
or textbooks or library to search for information for
setting financial goals
-Set financial goals with assistance from a resource person or teacher or parent or guardian.

What are the factors to consider when setting financial goals?

Business Studies
curriculum design
-Business Studies
Handbook2
-Digital resources
-Volunteer resource
persons
-KLB business studies grade 8 pg.
-Photographs and pictures
-Charts
-Sample personal
budget temp
late

Assignments -Self and peer assessment -Oral questioning -Portfolio Assessment -Observation -Journaling -Learner's Profiling

BUSINESS AND MONEY MANAGEMENT

Financial goals-Setting financial goals
Formulating financial goals

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

Analyse the meaning and importance of goal setting as used in financial management.
Examine the factors to consider when setting financial goals.
e) Appreciate the importance of setting goals
in financial management.

Learner shall be guided to:
-Discuss and present the meaning and importance of goal
setting as used in financial management
-Brainstorm and present the
factors to consider when setting financial goals
-Discuss and present the importance of financial discipline.
-Use digital devices
or textbooks or library to search for information for
setting financial goals
-Set financial goals with assistance from a resource person or teacher or parent or guardian.

What are the factors to consider when setting financial goals?

Business Studies
curriculum design
-Business Studies
Handbook pg4
-Digital resources
-Volunteer resource
persons
-Approved textbooks
and reference
materials
-Photographs and pictures
-Charts
-Sample personal
budget temp
late
Mentor Business Studies Learner's Book Grade 8 pg. 3
-
Handbook pg 8
late Mentor Learner's Book Grade 8 pg. 4

Assignments -Self and peer assessment -Oral questioning -Portfolio Assessment -Observation -Journaling -Learner's Profiling

BUSINESS AND MONEY MANAGEMENT

Appreciating financial goals

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

Analyse the meaning and importance of goal setting as used in financial management.
Examine the factors to consider when setting financial goals.
c)apply available learning
resources to search for
information for setting financial goals.
Formulate financial goals for individual development.
Appreciate the importance of setting goals
in financial management.

Learner shall be guided to:
-Discuss and present the meaning and importance of goal
setting as used in financial management
-Brainstorm and present the
factors to consider when setting financial goals
-Discuss and present the importance of financial discipline.
-U
se digital devices
or textbooks or library to search for information for
setting financial goals
-Set financial goals with assistance from a resource person or teacher or parent or guardian.

Why is setting financial goals important? What are the factors to consider when setting financial goals?

Business Studies
curriculum design
-Business Studies
Handbook
-Digital resources
-Volunteer resource
persons
-Approved textbooks
and reference
materials
-Photographs and pictures
-Charts
-Sample personal
budget temp
late
Mentor Business Studies Learner's Book Grade 8 pg. 5-6

Assignments -Self and peer assessment -Oral questioning -Portfolio Assessment -Observation -Journaling -Learner's Profiling

BUSINESS AND MONEY MANAGEMENT

Income 8

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

lesson,
analyse the sources of
income for an individual
demonstrate the use of
talents and abilities
for income generation
apply available resources to develop talents for income generation
identify the ethical and
legal issues in generating income.
conform to ethical and
legal issues in generating income.

Learners shall be guided to:
-discuss and present the sources of income
-exhibit their talents and abilities to generate income
through talent shows and exhibitions in school
-nurture their talents and abilities to generate income
in financial literacy and other school clubs
-utilise technology or
other locally available resources to develop their talents for income generation
-search, analyse and report the case study
on ethical and legal issues in generating income

Where can an individual get income from?

Business Studies
curriculum design
-Business Studies
assessment
handbook
-Digital resources
-Volunteer resource
persons
-Photographs and pictures
-Local market
business
environment
Mentor Business Studies Learner's Book Grade 8 pg. 7

Oral questioning -Portfolio assessment -Observation Project work -Journaling -Learner's Profiling -Assignments -Self and peer assessment.

BUSINESS AND MONEY MANAGEMENT

Talents

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

lesson,
analyse the sources of
income for an individual
demonstrate the use of
talents and abilities
for income generation
c)apply available resources to develop talents for income generation
identify the ethical and
legal issues in generating income.
conform to ethical and
legal issues in generating income.

Learners shall be guided to:
-discuss and present the sources of income
-exhibit their talents and abilities to generate income
through talent shows and exhibitions in school
-nurture their talents and abilities to generate income
in financial literacy and other school clubs
-utilise technology or
other locally available resources to develop their talents for income generation
-search, analyse and report the case study
on ethical and legal issues in generating income

Where can an individual get income from?

Business Studies
curriculum design
-Business Studies
assessment
handbook
-Digital resources
-Volunteer resource
persons
-Photographs and pictures
-Local market
business
environment
Mentor Business Studies Learner's Book Grade 8 pg. 8

Oral questioning -Portfolio assessment -Observation Project work -Journaling -Learner's Profiling -Assignments -Self and peer assessment.

BUSINESS AND MONEY MANAGEMENT

abilities

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

lesson,
analyse the sources of
income for an individual
demonstrate the use of
talents and abilities
for income generation
c)apply available resources to develop talents for income generation
d)identify the ethical and
legal issues in generating income.
conform to ethical and
legal issues in generating income.

Learners shall be guided to:
-discuss and present the sources of income
-exhibit their talents and abilities to generate income
through talent shows and exhibitions in school
-nurture their talents and abilities to generate income
in financial literacy and other school clubs
-utilise technology or
other locally available resources to develop their talents for income generation
-search, analyse and report the case study
on ethical and legal issues in generating income

Where can an individual get income from?

Business Studies
curriculum design
-Business Studies
assessment
handbook
-Digital resources
-Volunteer resource
persons
-Photographs and pictures
-Local market
business
environment
Mentor Business Studies Learner's Book Grade 8 pg. 9

Oral questioning -Portfolio assessment -Observation Project work -Journaling -Learner's Profiling -Assignments -Self and peer assessment.

BUSINESS AND MONEY MANAGEMENT

Ethical issues

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

lesson,
analyse the sources of
income for an individual
demonstrate the use of
talents and abilities
for income generation
c)apply available resources to develop talents for income generation
d)identify the ethical and
legal issues in generating income.
conform to ethical and
legal issues in generating income.

Learners shall be guided to:
-discuss and present the sources of income
-exhibit their talents and abilities to generate income
through talent shows and exhibitions in school
-nurture their talents and abilities to generate income
in financial literacy and other school clubs
-utilise technology or
other locally available resources to develop their talents for income generation
-search, analyse and report the case study
on ethical and legal issues in generating income

Where can an individual get income from?

Business Studies
curriculum design
-Business Studies
assessment
handbook
-Digital resources
-Volunteer resource
persons
-Photographs and pictures
-Local market
business
environment
Mentor Business Studies Learner's Book Grade 8 pg. 10-12

Oral questioning -Portfolio assessment -Observation Project work -Journaling -Learner's Profiling -Assignments -Self and peer assessment.

BUSINESS AND MONEY MANAGEMENT

Ethical issues

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

lesson,
analyse the sources of
income for an individual
demonstrate the use of
talents and abilities
for income generation
c)apply available resources to develop talents for income generation
d)identify the ethical and
legal issues in generating income.
conform to ethical and
legal issues in generating income.

Learners shall be guided to:
-discuss and present the sources of income
-exhibit their talents and abilities to generate income
through talent shows and exhibitions in school
-nurture their talents and abilities to generate income
in financial literacy and other school clubs
-utilise technology or
other locally available resources to develop their talents for income generation
-search, analyse and report the case study
on ethical and legal issues in generating income

Where can an individual get income from?

Business Studies
curriculum design
-Business Studies
assessment
handbook
-Digital resources
-Volunteer resource
persons
-Photographs and pictures
-Local market
business
environment
Mentor Business Studies Learner's Book Grade 8 pg. 13

Oral questioning -Portfolio assessment -Observation Project work -Journaling -Learner's Profiling -Assignments -Self and peer assessment.

BUSINESS AND MONEY MANAGEMENT

Ethical issues

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

lesson,
analyse the sources of
income for an individual
demonstrate the use of
talents and abilities
for income generation
c)apply available resources to develop talents for income generation
d)identify the ethical and
legal issues in generating income.
conform to ethical and
legal issues in generating income.

Learners shall be guided to:
-discuss and present the sources of income
-exhibit their talents and abilities to generate income
through talent shows and exhibitions in school
-nurture their talents and abilities to generate income
in financial literacy and other school clubs
-utilise technology or
other locally available resources to develop their talents for income generation
-search, analyse and report the case study
on ethical and legal issues in generating income

Where can an individual get income from?

Business Studies
curriculum design
-Business Studies
assessment
handbook
-Digital resources
-Volunteer resource
persons
-Photographs and pictures
-Local market
business
environment
Mentor Business Studies Learner's Book Grade 8 pg. 15-19

Oral questioning -Portfolio assessment -Observation Project work -Journaling -Learner's Profiling -Assignments -Self and peer assessment.

BUSINESS AND MONEY MANAGEMENT

Budgeting and spending

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

explore the meaning and
importance of budgeting
in day-to-day life
analyse ways of spending money wisely in
day-to-day life
c)prepare a simple budget
for personal finance
management
d)identify ethical issues in budgeting and spending
money in the community
appreciate the importance of budgeting and spending money wisely for personal development

Learners shall be
guided to:
-brainstorm and present the meaning
and importance of budgeting
-discuss and present
on ways of spending
money
-role play on ways of spending money wisely
-prepare a simple personal budget
-brainstorm and
present the ethical
issues on budgeting
and spending money

Why is a persona l budget important ? What are the ethical issues in budgeting and spending

Business Studies
curriculum design
-
Business Studies
assessment
handbook
-Digital resources
-Volunteer resource
persons
-
Photographs and
pictures
-
Local market
Business environment Mentor Business Studies Learner's Book Grade 8 pg. 30-34

Oral questioning - Portfolio assessment - Observation Project work - Journaling - Learner's Profiling -Assignments - Self and peer assessment

BUSINESS AND ITS ENVIRONMENT

TYPES OF BUSINESS ENTERPRISES 10

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

explore the meaning,
formation, management,
sources of finance,
advantages, and
disadvantages of a sole
proprietors
hip business
enterprise
examine the meaning,
formation, management,
sources of finance,
advantages, and
disadvantages of a
partnership business
enterprise
c)analyse the meaning,
formation, types,
management, sources of
finance, advantages, and disadvantages of a cooperative society
d)recognise the role of sole proprietorships, partnerships
and cooperative societies

Learner shall be guided
to:
-discuss and present
the meaning of sole, proprietorship, partnership and cooperative society
-brainstorm and
Present the formation
and management of
sole proprietorships,
partnerships and
cooperative societies
-use digital devices
or textbooks or library to search for sources
of finance for sole
proprietorships,
partnerships and
cooperative societies
Debate on the advantages and
disadvantages of a
sole proprietorship,
partnerships and
cooperative society

How are sole ole proprietorships, partnerships and cooperative societies formed and managed? What are the sources of finance for sole proprietorships, partnerships and cooperative societies

Business Studies
curriculum design
-
Business Studies
assessment
handbook
-Digital resources
-Volunteer resource
persons
-
Photographs and
pictures
-
Local market
Business environment
Mentor Business Studies Learner's Book Grade 8 pg. 35-36

Written questions Oral questions Written reports Oral Report Observation

Business and money management skills

Introduction to Business Studies

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

Define goods and services.
Examine the concept of Business Studies.
Discuss the business activities that takes place in their community.
Be polite, kind and respectful when giving feedback to other groups.

Using relevant sources such as textbooks or digital devices, learners to define goods and services.
In groups, learners to examine the concept of Business Studies.
In groups, learners are guided to discuss the business activities that takes place in their community.

What is business? What business activities take place in your local community?

Spark; StoryMoja, Business Studies Learner

Oral questions Oral Report Observation

Business and money management skills

Introduction to Business Studies

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

Define goods and services.
Examine the concept of Business Studies.
Discuss the business activities that takes place in their community.
Be polite, kind and respectful when giving feedback to other groups.

Using relevant sources such as textbooks or digital devices, learners to define goods and services.
In groups, learners to examine the concept of Business Studies.
In groups, learners are guided to discuss the business activities that takes place in their community.

What is business? What business activities take place in your local community?

Spark; StoryMoja, Business Studies Learner

Oral questions Oral Report Observation

Business and money management skills

Components of Business Studies

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

Identify components of Business Studies.
Discuss and debate on components of Business Studies.
Appreciate the components of Business Studies.

In pairs, learners to identify components of Business Studies.
Learners to brainstorm on their group

What do you understand by the terms human wants and scarce resources?

Spark; StoryMoja, Business Studies Learner

Oral questions Oral Report Observation

Business and money management skills

Career opportunities related to Business Studies in Kenya

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

Use digital devices, watch a video clip about career opportunities related to Business Studies in Kenya.
Discuss and write down the meaning of career, opportunity and career opportunities.
Have fun and enjoy using digital devices.

In groups, learners to use digital devices, watch a video clip about career opportunities related to Business Studies in Kenya.
In groups, learners are guided to discuss and write down the meaning of career, opportunity and career opportunities

Imagine a business organization without marketers and accountants, a bank without bankers or a society without shopkeepers and farmers. What would life be like?

Spark; StoryMoja, Business Studies Learner

Oral questions Oral Report Observation

Business and money management skills

Career opportunities related to Business Studies in Kenya

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

Explore career opportunities related to Business Studies in Kenya.
Role-play career associated with Business Studies.
Play games associated with careers with Business Studies.
Have fun and enjoy role-playing career associated with Business Studies.

Learners to explore career opportunities related to Business Studies in Kenya.
In groups, learners are guided to role-play career associated with Business Studies.
In groups, learners to take turns to mime a career they are interested in to their members of the groups. Group members must try and guess what it is.

What types of career do you know?

Spark; StoryMoja, Business Studies Learner

Oral questions Oral Report Observation

Business and money management skills

Importance of Business Studies in the society

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

State the importance of studying Business Studies.
Debate on the importance of Business Studies.
Appreciate the importance of Business Studies in day-to-day life

Learners to state the importance of studying Business Studies
Learners are guided to debate this motion,

What is the importance of studying Business Studies?

Spark; StoryMoja, Business Studies Learner

Oral questions Oral Report Observation

Business and money management skills

Money; Meaning of money

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

Explain the meaning of money.
Define denomination.
Using dictionary, Internet, textbooks in the school library or any other relevant reference materials, find the meaning of money.
Identify items people used in the past in exchange for goods and services.
Appreciate any type of medium of exchange.

Learners to observe and discuss the Kenyan currency.
Learners to define denomination.
In groups, learners are guided to use dictionary, Internet, textbooks in the school library or any other relevant reference materials, find the meaning of money.
In groups, learners to identify items people used in the past in exchange for goods and services.

What is money? Why do you think money in the form of notes is printed on strong paper?

Spark; StoryMoja, Business Studies Learner

Oral questions Oral Report Observation

Business and money management skills

Uses of money in the day-to-day life

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

List and explain the uses of money in the day-to-day life.
Debate on the uses of money.
Appreciate the uses of money.

Learners are guided to list and explain the uses of money in the day-to-day life.
Learners to debate on the motion:

What are the uses of money in day to day life?

Spark; StoryMoja, Business Studies Learner

Oral questions Oral Report Observation

Business and money management skills

Key security features of the Kenyan currency

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

Explain the meaning of counterfeit
Discuss key security features of the Kenyan currency.
Appreciate the use of security features of the Kenyan currency.

Learners to explain the meaning of counterfeit.
In groups, learners are guided to discuss key security features of the Kenyan currency

What is counterfeit?

Spark; StoryMoja, Business Studies Learner

Oral questions Oral Report Observation

Business and money management skills

Identify the key security features of the Kenyan currency

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

Identify key security features on the front and back of a Kenyan banknote.
Design and make a poster with messages on key security features on the Kenyan currency.
Appreciate the importance of key security features of the Kenyan currency.

Learners are guided to identify key security features on the front and back of a Kenyan banknote.
In groups, learners are guided to design and make a poster with messages on key security features on the Kenyan currency

What are the key security features of the Kenyan currency?

Spark; StoryMoja, Business Studies Learner

Oral questions Oral Report Observation

Business and money management skills

Themes and symbols on the Kenyan currency
Importance of money in the economy

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

Define theme.
Describe themes and symbols on the Kenyan currency.
Design and make a poster showing themes and symbols or the Kenyan currency.
Appreciate the themes and symbols on the Kenyan currency.

Learners to define theme.
In pairs, learners are guided to describe themes and symbols on the Kenyan currency.
In groups, learners are guided to design and make a poster showing themes and symbols or the Kenyan currency.

What is the theme of each note? What is the symbol of each note?

Spark; StoryMoja, Business Studies Learner

Oral questions Oral Report Observation

Business and money management skills

Personal goals; Meaning and importance of setting goals

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

Explain the meaning of personal goals.
Explore personal goal for self-development.
Discuss and give examples of personal goals.
Appreciate other

Learners are guided to explain the meaning of personal goals.
In groups, learners to explore personal goal for self-development.
In groups, learners are guided to discuss and give examples of personal goals

What are personal goals?

Spark; StoryMoja, Business Studies Learner

Oral questions Oral Report Observation

Business and money management skills

Importance of setting personal goals for self-development

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

Discuss the importance of setting personal goals.
Make a poster on the importance of setting personal goals for self-development.
Appreciate the importance of setting personal goals for self-development.

In groups, learners are guided to discuss the importance of setting personal goals.
In groups, learners are guided to make a poster on the importance of setting personal goals for self-development

What is the importance of setting personal goals?

Spark; StoryMoja, Business Studies Learner

Oral questions Oral Report Observation

Business and money management skills

Factors to consider when setting personal goals

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

Use digital devices, learners to search for factors to consider when setting personal goals.
Discuss the factors to consider when setting personal goals.
Appreciate the factors to consider when setting personal goals.

In groups, learners to use digital devices, learners to search for factors to consider when setting personal goals.
In groups, learners are guided to discuss the factors to consider when setting personal goals

What factors do you consider when setting personal goals?

Spark; StoryMoja, Business Studies Learner

Oral questions Oral Report Observation

Business and money management skills

Setting personal goals for self-development

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

Brainstorm on the goals they would like to achieve, using the SMART technique.
Outline the steps to follow when setting personal goals.
Create a vision board.
Enjoy setting personal goals for self-development.

In groups, learners to brainstorm on the goals they would like to achieve, using the SMART technique.
In pairs, learners are guided to outline the steps to follow when setting personal goals.
Individually, learners are guided to Create a vision board

Why is it important to set personal goals?

Spark; StoryMoja, Business Studies Learner

Oral questions Oral Report Observation

Business and money management skills

Need for setting personal goals for self-development

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

State the importance of setting personal goals for self-development.
Recognize the need for setting personal goals for self-development.
Appreciate the importance of setting personal goals for self-development.

In pairs, learners are guided to state the importance of setting personal goals for self-development.
In groups, learners are guided to recognize the need for setting personal goals for self-development.

What are the importance

Spark; StoryMoja, Business Studies Learner

Oral questions Oral Report Observation

Business and money management skills

Talents and abilities

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

Distinguish between talents and abilities.
Recognize talents and abilities.
Appreciate other people

As a class, learners to discuss the distinction between talents and abilities.
In pairs, learners to recognize talents and abilities.
Learners are guided to use a mind map to identify their talents and abilities.

What is a talent? What are abilities?

Spark; StoryMoja, Business Studies Learner

Oral questions Oral Report Observation

Business and money management skills

Ways of nurturing talents and abilities for business purposes
Personal talents and abilities in school

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

Identify ways of nurturing talents and abilities for business purposes.
Discuss how they can improve their talents and abilities.
Appreciate the ways of nurturing talents and abilities for business purposes.

In groups, learners are guided to identify ways of nurturing talents and abilities for business purposes.
In groups, learners are guided to discuss how they can improve their talents and abilities.

What are the ways nurturing talents and abilities for business purposes?

Spark; StoryMoja, Business Studies Learner

Oral questions Oral Report Observation

Business and money management skills

Relating talent and abilities o career opportunities

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

List some of career opportunities.
Relate talents and abilities to career opportunities.
Appreciate different types of career opportunities.

In pairs, learners to list some of career opportunities.
In pairs, learners are guided to relate talents and abilities to career opportunities

What are career opportunities?

Spark; StoryMoja, Business Studies Learner

Oral questions Oral Report Observation

Business and money management skills

Ethical issues related to the use of talents and abilities in business

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

Define ethics.
Identify ethical issues related to the use of talents and abilities in business.
Appreciate the importance of values and morals in business.

Learners to define ethics.
Learners are guided to identify ethical issues related to the use of talents and abilities in business
In groups, learners are guided to use textbooks in the school library or the internet to find out other unethical issues related to the use of talents and abilities in business.

What are ethics?

Spark; StoryMoja, Business Studies Learner

Oral questions Oral Report Observation

Business and money management skills

Appreciating the importance of nurturing talents and abilities

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

List ways of nurturing talents and abilities for business purposes.
Discuss the importance of nurturing talents and abilities for income generation.
Appreciate the importance of nurturing talents and abilities.

Learners are guided to list ways of nurturing talents and abilities for business purposes.
In groups, learners are guided to discuss the importance of nurturing talents and abilities for income generation

What are the importance of nurturing talents and abilities?

Spark; StoryMoja, Business Studies Learner

Oral questions Oral Report Observation