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WK | LSN | TOPIC | SUB-TOPIC | OBJECTIVES | T/L ACTIVITIES | T/L AIDS | REFERENCE | REMARKS |
---|---|---|---|---|---|---|---|---|
1 | 3 |
AGRIC. ECONOMICS III
(PRODUCTION ECONOMICS)
|
Household firm relationship.
Gross domestic product (GDP) and Gross National product (GNP). Per Capita Income. |
By the end of the
lesson, the learner
should be able to:
Define a household and a firm as business terms. Describe a household and a firm as producers and consumers and their role in a country's economic growth. Define the terms GDP & GNP. Define the term gross national income (GNI). Define the term per capita income. |
Q/A: review definition of economics, production economics.
Exposition & explanations. Q/A & discussion. Calculations. |
resource person
calculator |
KLB BK IV
Pg 96-97 Longhorn Bk 4 Pg 20-21 |
|
1 | 4 |
AGRIC. ECONOMICS III
(PRODUCTION ECONOMICS)
|
Contribution of Agriculture to national development.
Land as a factor of production. |
By the end of the
lesson, the learner
should be able to:
Explain contribution of Agriculture to development. Describe the economic value of production of crops and livestock and space for construction of farm buildings, agro-industries & infrastructure. List down methods of land acquisition. |
Brain storming;
Discussion. Exposition of new concepts; Probing questions to elicit responses; Brief discussion. |
student book
|
KLB BK IV
Pg 98-9 Longhorn Bk 4 Pg 90-91 |
|
2 | 1 |
AGRIC. ECONOMICS III
(PRODUCTION ECONOMICS)
|
Labor as a factor of production.
|
By the end of the
lesson, the learner
should be able to:
Define the term labor as used in production. Explain ways of improving labor productivity. Identify types of labor. |
Oral questions & discussion.
|
chart
|
KLB BK IV
Pg 100-2 Longhorn Bk 4 Pg 93-4 |
|
2 | 2 |
AGRIC. ECONOMICS III
(PRODUCTION ECONOMICS)
|
Capital.
Management as a production factor. |
By the end of the
lesson, the learner
should be able to:
Define the term capital. Identify types of capital. List sources of capital. State functions of a manager in a farm. Identify good qualities of a manager. |
Oral questions, exposition & discussion.
Q/A & discussion. |
|
KLB BK IV
Pg 102-3 Longhorn Bk 4 Pg 94-95 |
|
2 | 3 |
AGRIC. ECONOMICS III
(PRODUCTION ECONOMICS)
|
Production function.
|
By the end of the
lesson, the learner
should be able to:
Define production function. State characteristics of variable and fixed inputs. |
Q/A: examples of inputs & outputs; variable and fixed inputs;
Brief discussion. |
|
KLB BK IV
Pg 104-6 Longhorn Bk 4 Pg 96-7 |
|
2 | 4 |
AGRIC. ECONOMICS III
(PRODUCTION ECONOMICS)
|
Production function curves.
Increasing returns production functions. |
By the end of the
lesson, the learner
should be able to:
Illustrate and interpret input-output relationship graphically. Illustrate and interpret Increasing returns production functions. Give empirical examples where increasing returns production functions are experienced. |
Worked examples: supervised practice.
Tabulate inputs and outputs. Graphical representation of increasing returns production functions. |
Graph papers.
|
KLB BK IV
Pg 106-7 Longhorn Bk 4 Pg 98 |
|
3 | 1 |
AGRIC. ECONOMICS III
(PRODUCTION ECONOMICS)
|
Constant returns production functions.
Decreasing returns production functions. |
By the end of the
lesson, the learner
should be able to:
Constant returns production functions. Give empirical examples where Increasing returns production functions are experienced. Decreasing returns production functions. Give empirical examples where decreasing returns production functions are experienced. |
Tabulate inputs and outputs.
Graphical representation of constant returns production functions. Graphical representation of decreasing returns production functions. |
charts
graphs |
KLB BK IV
Pg 108-9 Longhorn Bk 4 Pg 99 |
|
3 | 2 |
AGRIC. ECONOMICS III
(PRODUCTION ECONOMICS)
|
Law of diminishing returns.
|
By the end of the
lesson, the learner
should be able to:
State the law oh diminishing returns. |
Refer to illustrative tables.
Plot graphs from the tables; Discuss shape of the curve. |
graphs
|
KLB BK IV
Pg 112 Longhorn Bk 4 Pg 100-1 |
|
3 | 3 |
AGRIC. ECONOMICS III
(PRODUCTION ECONOMICS)
|
Zones of a PF curve.
The principles of substitution. Input-input relationship. |
By the end of the
lesson, the learner
should be able to:
Divide a production function into three zones. Identify rational zones of production. State the principles of substitution. Give examples illustrating principles of substitution. Identify ways of combining inputs. |
Q/A: review AP, MP.
Guided discovery of the three zones. Exposition. Illustrative examples, brief discussion. |
Chart - Curve showing 3 zones of PF.
|
KLB BK IV
Pg 113-5 Longhorn Bk 4 Pg 101-2 |
|
3 | 4 |
AGRIC. ECONOMICS III
(PRODUCTION ECONOMICS)
|
Product-product relationship.
Supplementary and complementary products.
|
By the end of the
lesson, the learner
should be able to:
Give examples of product-product relationship. Give illustrative examples depicting supplementary and complementary products. |
Oral questions: joint products, competitive products.
Discussion. |
charts
|
KLB BK IV
Pg 116-7 Longhorn Bk 4 Pg 103 |
|
4 | 1 |
AGRIC. ECONOMICS III
(PRODUCTION ECONOMICS)
|
The principle of equi-marginal returns.
The concept of cost.
Types of revenue. |
By the end of the
lesson, the learner
should be able to:
State the principle of equi-marginal returns. Determine the cost of production. Identify the role of cost in production. List types of costs. Compute total revenue, net revenue and marginal revenue given the relevant information. |
Discussion.
Exposition; Worked examples. Worked examples; Explanations. |
|
KLB BK IV
Pg 117-9 Longhorn Bk 4 Pg 104-5,6 |
|
4 | 2 |
AGRIC. ECONOMICS III
(PRODUCTION ECONOMICS)
|
Farm planning.
Making a farm plan. |
By the end of the
lesson, the learner
should be able to:
State factors to consider when drawing a farm plan. Outline steps followed in making a farm plan. |
Exposition, Q/A & discussion.
Exposition, probing questions & discussion. |
charts
|
KLB BK IV
Pg 121-2 Longhorn Bk 4 Pg 108 |
|
4 | 3 |
AGRIC. ECONOMICS III
(PRODUCTION ECONOMICS)
|
Farm budgeting.
|
By the end of the
lesson, the learner
should be able to:
Define a farm budget. Analyse importance of farm budgeting. |
Exposition & discussion.
|
chart
|
KLB BK IV
Pg 123 Longhorn Bk 4 Pg 110 |
|
4 | 4 |
AGRIC. ECONOMICS III
(PRODUCTION ECONOMICS)
|
Types of farm budgets.
Farmer?s support services Extension, training & banking. |
By the end of the
lesson, the learner
should be able to:
Describe types of farm budgets. Give examples of contexts where certain types of budgets are used. Draw a partial budget. Draw a complete budget. Describe extension, training & banking as support services to the farmers. |
Exposition & discussion,
Worked examples; Supervised practice; Written exercises. Exposition & explanations. |
chart
|
KLB BK IV
Pg 124-7 Longhorn Bk 4 Pg 110-1 |
|
5 | 1 |
AGRIC. ECONOMICS III
(PRODUCTION ECONOMICS)
|
Credit.
Sources of credit.
Artificial insemination & Agricultural research. |
By the end of the
lesson, the learner
should be able to:
Define the term credit. Identify types of credit. Differentiate between hard & soft credit. List down sources of credit. Identify problems associated with credits. Describe A.I. services provided to farmers. Identify objectives of Agricultural research. Give examples of Agricultural research centers in Kenya. |
Detailed discussion
& exposition of new concepts. |
student book
|
KLB BK IV
Pg 128-130 Longhorn Bk 4 Pg 113-5 |
|
5 | 2 |
AGRIC. ECONOMICS III
(PRODUCTION ECONOMICS)
|
Marketing.
Farm input suppliers
Tractor hire service
|
By the end of the
lesson, the learner
should be able to:
Cite examples of organizations that help farmers in marketing their produce. Cite organizations where farmers can obtain farm inputs. State merits & demerits of tractor hire service. Cite points of tractor hire service. |
Writing initials in full e.g. KPCU.
Brief discussion |
resource person
|
KLB BK IV
Pg 132-4 Longhorn Bk 4 Pg 112-3 |
|
5 | 3 |
AGRIC. ECONOMICS III
(PRODUCTION ECONOMICS)
|
Risks and uncertainties in farming.
Adjusting to uncertainties and risks. |
By the end of the
lesson, the learner
should be able to:
Define the terms risk and uncertainty. List types of risk and uncertainties. Outline ways of adjusting to risks and uncertainties. |
Brain storming;
Detailed discussion. |
|
KLB BK IV
Pg 134-5 Longhorn Bk 4 Pg 116-7 |
|
5 | 4 |
AGRICULTURE ECONOMIC IV (FARM ACCOUNTS)
|
Financial documents.
|
By the end of the
lesson, the learner
should be able to:
Outline details contained in an invoice, receipt, delivery note and a purchase order. |
Oral questions & brief discussion. |
Invoice, receipt, delivery note and a purchase order. |
KLB BK IV Pg 139-145 Longhorn Bk 4 121 |
|
6 | 1 |
AGRICULTURE ECONOMIC IV (FARM ACCOUNTS)
|
Books of accounts.
Cash book. |
By the end of the
lesson, the learner
should be able to:
Describe features of the ledger and the inventory. Describe features of the cash book. Balance cash book. |
Oral questions & brief discussion.
Illustrative tables. Illustrative examples. |
Cash book.
|
KLB BK IV
Pg 146-150 Longhorn Bk 4 Pg 124 |
|
6 | 2 |
AGRICULTURE ECONOMIC IV (FARM ACCOUNTS)
|
Journal
&
Subsidiary books of the Journal.
|
By the end of the
lesson, the learner
should be able to:
Describe features of the journal & subsidiary books of the journal. |
Oral questions & brief discussion.
Illustrative tables. |
|
KLB BK IV
Pg 151-3 |
|
6 | 3 |
AGRICULTURE ECONOMIC IV (FARM ACCOUNTS)
|
Financial statements.
Balance sheet.
|
By the end of the
lesson, the learner
should be able to:
Describe features of balance sheets. Prepare a balance sheet. |
Make entries in a balance sheet.
Prepare a balance sheet. Supervised practice. |
Balance sheet.
|
KLB BK IV
Pg 154-7 Longhorn Bk 4 Pg 129-130 |
|
6 | 4 |
AGRICULTURE ECONOMIC IV (FARM ACCOUNTS)
|
Solvency of a business.
Profit and loss account. |
By the end of the
lesson, the learner
should be able to:
Determine whether a business is solvent or insolvent. Define a profit and loss account. Draw a profit and loss A/C. Compute net profit. |
Teacher gives format of profit and loss A/C.
Worked examples. Supervised practice. |
chart
|
KLB BK IV
Pg 154-7 Longhorn Bk 4 Pg 130 |
|
7 |
Mid Term Exams |
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8 |
HALF TERM BREAK |
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9 | 1 |
AGRICULTURE ECONOMIC IV (FARM ACCOUNTS)
AGRICULTURAL MARKETING & ORGANIZATIONS |
Cash analysis.
Market and marketing. |
By the end of the
lesson, the learner
should be able to:
Define the term cash analysis. Draw a cash analysis. Compute total receipt and total expenditure for a given accounting period. Define the term market as an institution. Distinguish between a perfect and imperfect market. |
Worked examples.
Supervised practice. Written exercise. Q/A: definition. Teacher?s explanations. |
chart
student book |
KLB BK IV
Pg 159-162 Longhorn Bk 4 Pg 133-4 |
|
9 | 2 |
AGRICULTURAL MARKETING & ORGANIZATIONS
|
Types of markets.
Monopoly.
Oligopoly
&
Monopsony.
|
By the end of the
lesson, the learner
should be able to:
Identify features of a monopolistic competition in a market, oligopolistic and monopsonistic markets. |
Brain storming;
Exposition; Discussion. |
|
KLB BK IV
Pg 165-6 Longhorn Bk 4 Pg 137-8 |
|
9 | 3 |
AGRICULTURAL MARKETING & ORGANIZATIONS
|
Price theory and demand.
Factors affecting demand for a commodity. |
By the end of the
lesson, the learner
should be able to:
Define the terms price & demand. Sketch the demand curve. Explain the term demand schedule. Outline factors affecting demand for a commodity. |
Exposition;
Curve sketching & explanations. Q/A, discussion & explanations. |
student book
|
KLB BK IV
Pg 166-8 Longhorn Bk 4 Pg 139-140 |
|
9 | 4 |
AGRICULTURAL MARKETING & ORGANIZATIONS
|
Elasticity of demand.
|
By the end of the
lesson, the learner
should be able to:
Explain the concept of elasticity of demand. Illustrate demand for a commodity. Calculate elasticity of demand. Identify types of elasticity of demand. Illustrate elastic, inelastic & unitary demand graphically. |
Teacher?s explanations.
Graphical illustration. Worked examples. Supervised practice. Graphical representation of demand. |
chart
|
KLB BK IV
Pg 170-3 Longhorn Bk 4 Pg 142-4 |
|
10 | 1 |
AGRICULTURAL MARKETING & ORGANIZATIONS
|
Factors affecting elasticity of demand.
Supply & Supply-price relationship. |
By the end of the
lesson, the learner
should be able to:
State factors affecting elasticity of demand. Define the term supply. Illustrate supply-price relationship. |
Exposition;
Explanations. Sketching supply-price curves. Refer to supply schedules. Discussion. |
chart
|
KLB BK IV
Pg 173-4 |
|
10 | 2 |
AGRICULTURAL MARKETING & ORGANIZATIONS
|
Factors affecting supply of a commodity.
Elasticity of supply (Es). |
By the end of the
lesson, the learner
should be able to:
State & explain factors affecting supply of a commodity. Define elasticity of supply (Es). Calculate (Es) |
Q/A & detailed discussion.
Q/A: review Ed hence defines Es. Worked examples. Supervised activity. |
chart
|
KLB BK IV
Pg 175-7 Longhorn Bk 4 Pg 145-6 |
|
10 | 3 |
AGRICULTURAL MARKETING & ORGANIZATIONS
|
Determination of market prices.
|
By the end of the
lesson, the learner
should be able to:
Explain how market prices are determined. Determine the equilibrium or market prices of a commodity in a free market. |
Teacher?s explanation.
Q/A : review demand and supply curves. Plot both curves. Interpret the graphs. |
graph
|
KLB BK IV
Pg 178-9 Longhorn Bk 4 Pg 149 |
|
10 | 4 |
AGRICULTURAL MARKETING & ORGANIZATIONS
|
Price control.
Marketing and marketing function.
Marketing organizations and agencies. Wholesalers & retailers. |
By the end of the
lesson, the learner
should be able to:
Explain the role of government in price control. Define marketing and marketing function.describe tingfunction. a market. Explain the arbitrage role of a wholesaler. Identify services provided by retailers. |
Brain storming;
Exposition; Discussion. |
student book
|
KLB BK IV
Pg 179-183 Longhorn Bk 4 Pg 151 |
|
11 | 1 |
AGRICULTURAL MARKETING & ORGANIZATIONS
|
Itinerant traders, broker agents & commission agents.
|
By the end of the
lesson, the learner
should be able to:
Outline the functions of Itinerant traders, broker agents & commission agents in a market. |
Exposition & explanation.
|
student book
|
KLB BK IV
Pg 184-5 |
|
11 | 2 |
AGRICULTURAL MARKETING & ORGANIZATIONS
|
Packers and processors, marketing boards & auctioneers.
Special characteristics of Agricultural products. |
By the end of the
lesson, the learner
should be able to:
Outline functions of packers and processors, marketing boards & auctioneers in a market. Describe bulkiness, weight, volume, seasonality and perishability of Agricultural products. |
Q/A & detailed discussion.
Oral questions & detailed discussion |
student book
|
KLB BK IV
Pg 185-6 |
|
11 | 3 |
AGRICULTURAL MARKETING & ORGANIZATIONS
|
Agricultural organizations.
Kenya sugar authority, Horticultural crops Development Authority, AFC, ADC, and KMC.
Other Farmers? Associations: KNFU, ASK, 4K-club, YF club. |
By the end of the
lesson, the learner
should be able to:
Outline the functions of Kenya sugar authority, Horticultural crops Development Authority, AFC, ADC, and KMC. Outline the functions of other Farmers? Associations such as KNFU, ASK, 4K-club, YF club. |
Probing questions,
Brief discussion Assignment. |
student book
|
KLB BK IV
Pg 189-192 Longhorn Bk 4 Pg 163-4 |
|
11 | 4 |
AGRICULTURAL MARKETING & ORGANIZATIONS
|
Co-operative societies.
|
By the end of the
lesson, the learner
should be able to:
Outline the principles of co-operatives. Highlight functions of co-operatives. |
Probing questions, brief discussion, & teacher?s explanations.
|
student book
|
KLB BK IV
Pg 161-2 |
|
13 |
End Term Exams |
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14 |
CLOSING |
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