DEMAND.

Definition of demand. Factors influencing demand.
Factors influencing demand.

By the end of the lesson, the learner should be able to:
Define demand and effective demand.
State factors that influence demand of a commodity.
Explain factors that influence demand of a commodity.

Brain storming;
Exposition;
Discussion.

Explanations;

text book

New Inventor
KLB BOOK III
Pg 1

DEMAND.
THE CASH BOOK

Demand schedule for an individual or entire market.
Demand curves.
Movement along, and shift in demand curves.
Types of cash books. Single- column cash book.

By the end of the lesson, the learner should be able to:
Prepare and interpret a demand schedule for an individual or entire market.
Illustrate law of demand graphically.
Explain movement along the demand curve.
Illustrate an increase / decrease in demand graphically.
List types of cashbooks.
Identify features of a single-column cash book.
Post entries in a single-column cash book.

Interpreting a demand schedule;
Brief discussion.
Guided plotting of demand curves.
Discussion.
Q/A: review law of demand.
Curve sketching & explanations.
Worked examples.
Written assignment.

text book
Graph papers.
Chart- increasing and decreasing -supply.
Single-column cash book.

New Inventor KLB BOOK III pg 6-7

THE CASH BOOK
FINANCIAL STATEMENTS
FINANCIAL STATEMENTS

The two- column cash book.
Ledger accounts from three-column cash book.
The three-column cash book.
Introduction. Trading Period.
Gross Profit or Loss.

By the end of the lesson, the learner should be able to:
Balance off the two- column cash book.
Post transactions from three-column cash book to ledger accounts.
Record transactions in a three-column cash book.
Balance off the three- column cash book.
Give examples of financial statements.
Explain the concept of a trading period of a business.
Determine the gross profit or loss of a business.

Worked examples.
Written assignment.
Worked examples.
Supervised exercise.
Probing questions;
Illustrated examples;
Guided discussion.
Worked examples illustrating transactions in a 3- column cash book.
Supervised practice.
Written exercise.
Brainstorming, Q/A & Explanations.
Go through worked examples using various approaches.
Supervised practice;
Group assignments.

Two-column cash book.
3-column cash book, the ledger.
3-column cash book.
text book
charts

New Inventor KLB BOOK III Pg 155-6

FINANCIAL STATEMENTS

The Trading Account.
Net Profit or Loss.
Profit or loss account.

By the end of the lesson, the learner should be able to:
Define the term trading account.
Illustrate trading accounts with worked examples.
Define the terms net profit net loss.
Determine net profit or loss.
Prepare profit or loss accounts.

Q/A to review the process of obtaining gross profit or loss.
Worked examples.
Supervised practice.
Assignment.
Brief discussion on distinction between gross and net profit / loss;
Worked examples;
Supervised practice;
Written exercise.
Detailed discussion;
Written exercise.

text book
chart

New Inventor K.L.B. BK IV. Pg. 57-60

FINANCIAL STATEMENTS

Profit and loss account from a trial balance.
The Balance Sheet.
The Balance Sheet from a trial balance.
Types of Capital.

By the end of the lesson, the learner should be able to:
Prepare profit or loss accounts from a trial balance.
Prepare a balance sheet after making adjustments on capital for specific items.
Prepare a balance sheet from a trial balance.
Outline types of capital.

Supervised practice;
Written exercise.
Exposition of adjustments made on capital for net profit, drawings and additional capital.
Worked examples and Exercises.
Q/A to review a trial balance;
Worked examples.
Probing questions;
Teacher?s explanations.

magazines,charts
charts
text book

New Inventor K.L.B. BK IV.  pg 62-67

FINANCIAL STATEMENTS

Types of capital in a balance sheet.
Basic financial ratios: - Mark-up.
- Margin.
Using mark-up or margin to prepare a trading account.
Current ratio or Working capital ratio.

By the end of the lesson, the learner should be able to:
Illustrate types of capital with balance sheet.
Define the term mark-up.
Explain why mark up is important in a business.
Determine business mark up.
Define the term margin.
Explain why margin is important in a business.
Determine business margin.
Work out the mark-up given the margin and vice-versa.
Define the term current ratio or working capital ratio.
Explain importance of current ratio.
Calculate current ratio given various balances.

Illustrative examples.
Written exercise.
Q/A: definition of a ratio.
Teacher exposes and explains the new concepts then leads in an example.
Exposition of new concept;
Worked examples;
Guided discovery on the relationship.
Illustrative examples.
Exposition & Worked examples;
Discussion.

text book
chart,text book
text book,chart

New Inventor K.L.B. BK IV. Pg. 69-70

FINANCIAL STATEMENTS

Rate of stock turnover.
Stock turn-over and trading account.
Return on Capital.
Acid test or quick ratio.

By the end of the lesson, the learner should be able to:
Define the terms turn over and rate of stock turn over.
Calculate the rate of stock turn over.
Prepare the trading account given the rate of stock turn-over.
Define the term return on capital.
Calculate return on capital.
Explain implications of return on capital on a business.
Determine the quick ratio given current assets, stock and current liabilities.

Exposition, Worked examples & numericals
Discussion: implications of rate of stock turnover on a business.
Illustrative examples & supervised practice.
Brief discussion;
simple problem solving;
Assignment.
Exposition of new concepts;
Simple calculations.

chart
text book
chart, text book
Business Magazines.

New Inventor K.L.B. BK IV. Pg. 76-78

INTERNATIONAL TRADE

Balance of Payments. (Current A/C)
Balance of Payments. (Capital A/C)
Overall Balance of Payments.
The Official Settlement A/C.
Disequilibrium of Balance of payments. Correction of balance of payment disequilibrium.
Terms of sale in international trade.

By the end of the lesson, the learner should be able to:
Define the term balance of payments.
Analyse components of balance of payments.
(Current A/C).
Cite examples of transactions that affect the Capital A/C.
Determine the overall balance of payments.
Define the Official Settlement A/C.
Identify causes of Disequilibrium of Balance of payments.
Outline methods of correcting of balance of payment disequilibrium.
Identify common terms of sale in international trade.

Exposition of new concepts and detailed discussion.
Q/A: review types of capital.
Q/A: review current A/C and capital A/C.
Illustrative examples.
Assignment.
Guided brief discussion.
Exposition of new concepts & explanations;
Discussion.
Exposition & explanations;
Probing questions;

text book
newspaper

Pg. Pg. 168-9

INTERNATIONAL TRADE
ECONOMIC INTEGRATION

Documents used in international trade.
IMF, ADF and World bank.
Forms & importance of economic integration.

By the end of the lesson, the learner should be able to:
Identify major documents used in international trade.
State objectives of IMF, ADF and World bank..
Trace a background to the growth of specific
development funds.
Define economic integration.
Identify forms of economic integration.
Outline forms of economic integration.
Analyze importance of economic integration.
Enumerate advantages and disadvantages of free trade.

Give examples of relevant documents.
Give examples of relevant documents.
Brain storming;
Discussion.
Q/A review relevant terms.
Probing questions
& guided discussion.

text book
Newspaper cuttings & relevant magazines.
newspaper

Pg. 176-7

ECONOMIC INTEGRATION
ECONOMIC DEVP AND PLANNING
ECONOMIC DEVP AND PLANNING
ECONOMIC DEVP AND PLANNING
ECONOMIC DEVP AND PLANNING
ECONOMIC DEVP AND PLANNING

Trade restrictions.
Methods of trade restrictions.
Advantages and disadvantages of trade restrictions.
Trends in international trade.
Growth and development.
Underdevelopment.
Factors for underdevelopment.
Development planning.
Problems encountered in development planning.

By the end of the lesson, the learner should be able to:
Cite reasons for trade restrictions.
Outline methods of trade restriction.
Highlight some methods used to control trade restrictions.
State advantages and disadvantages of trade restrictions.
Analyse some current trends in international trade.
Define economic growth of a country.
Identify structural changes that may accompany economic development.
Identify characteristics of under - development
Highlight some factors that impede development.
Site some objectives of planning.
Give reasons why development planning is necessary.
State problems encountered in development planning.

Q/A & guided discovery.
Q/A & exposition.
Exposition of new concepts.
Probing questions and brief discussion on EPZ, liberalization e-trade &website.
Guided discussion & oral questions.
Brainstorming, questioning & discussion.
Q/A guided discussion.
Probing questions /guided discussion.
Quiz.

newspaper
text book

Pg. 185-7