FORM THREE BUSINESS SCHEME OF WORK TERM 1,2,3

SCHEME OF WORK FORM THREE BUSINESS STUDIES TERM ONE NAME……………………

MATERIALS
WK L/ TOPIC/ LESSON / SPECIFIC TEACHING / LEARNING
/ REF. REMARKS
NO. NO. SUBTOPIC OBJECTIVES ACTIVITIES
RESOURCES
1 1 DEMAND. By the end of the lesson, the
learner should be able to:

Definition of Define demand and effective Brain storming;

New Inventor
demand. demand. Exposition;
KLB BOOK III
Discussion.
Pg 1
Factors influencing State factors that influence
demand. demand of a commodity.

2-3 Factors influencing Explain factors that Explanations;

demand. influence demand of a Discussion.
Pg 2-5
commodity.

4 Demand schedule for Prepare and interpret a Interpreting a demand

an individual or demand schedule for an schedule;
Pg 6-7
entire market. individual or entire market. Brief discussion.

2 1 Demand curves. Illustrate law of demand Guided plotting of Graph papers.

graphically. demand curves. Pg 7-8
Discussion.

2,3 Movement along, Explain movement along the Q/A: review law of
and shift in demand demand curve. demand. Chart-
curves. Illustrate an increase / Curve sketching & increasing and
Pg 8-9
decrease in demand explanations. decreasing -
graphically. supply.
2 4 SUPPLY. Explain factors that Explanations;
influence demand of a Discussion.
Factors influencing commodity.
Pg 9-13
supply of a product.

3 1 Supply schedule and Draw supply curve from a Practical exercise. Pg 14-15
supply curve. supply schedule.

2-3 Movement along the Explain changes in supply Probing questions, Pg 15-
curve.supply curve. with changes in prices of the Graphical illustrations.
commodity.
Identify incidents where a
supply curve expands to the
right or left.

4 Shift in supply Explain the effect of Exposition;

curve. decreasing supply. discussion Pg 15-16

4 1 Equilibrium price Define the terms equilibrium Examine schedules; Demand and
and equilibrium price and equilibrium Make deductions; supply
quantity. quantity. Discussion. schedule.
Use demand and supply Pg 16-17
schedule to determine
equilibrium price.

2 Equilibrium price Determine equilibrium price Graphical methods;

and quantity. and equilibrium quantity Make deductions. Graph papers. Pg 16-18
(graphical method) graphically.

3 Effects of change in Explain the effects of change Explanations and

demand on the in demand on the graphical illustrations.
Pg 19-21
equilibrium. equilibrium.

2
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 4 Effects of change in Explain the effects of change Brain storming;
supply on the in supply on the equilibrium. Discussion. Pg 21
equilibrium.

5 1 Excess demand and Define excess demand and Discussion & graphical
excess supply. excess supply. illustrations. Pg 18-19

2-3 Other methods of Outline other methods of Exposition;

determining the determining the price o a Probing questions; Pg 20-21
price of a product. product. Discussion.

4 TEST
6 1 SIZE AND Differentiate between a firm
LOCATION OF A and an industry.
FIRM Identify factors influencing
goods and services to Pg 23-24
Concept of firm and produce. Exposition of new
industry. concepts;

2 Size of a firm. Outline ways of determining Oral questions;

size of a firm. Guided discussion. Pg 24-25

3 Location of a firm. Identify factors influencing Exposition of new

location of a firm. concepts;
Pg 25-27
Detailed discussion.

4 Localization of a Outline factors that Exposition;

firm. encourage localization of a Oral questions;
firm. Discussion.
State advantages and Pg 27-28
disadvantages of localization
of a firm.

3
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7 1 Delocalization of a Outline factors that Exposition;
firm. encourage delocalization of a Oral questions;
firm. Discussion.
State advantages and Pg 27-28
disadvantages of
delocalization of a firm.

2 Internal economies of Define the term economy of Exposition of new

scale. scale. concepts.
Outline various economies of Discussion.
scale associated with a firm.
Pg 29-30
External economies Outline benefits accruing to
3
of scale. a firm as a result of growth of
the whole industry.

4 Internal and external Define the term diseconomies Exposition of new

diseconomies of of scale. concepts.
scale. Highlight some internal and Oral questions;
Pg 31-32
external diseconomies of Discussion.
scale.

8 1-2 Existence of small Give reasons that contribute Brain storming;

firms. to existence of small firms. Oral questions; Pg 32-33
Discussion.

3 Negative impact of Highlight adverse effects Probing questions and

production activities arising from production discussion on
on the environment. activities. adverse effects of air
pollution, water pollution, Pg 33-35
noise pollution & solid
waste pollution.

4 Maintaining a Outline factors that Brain storming;

healthy environment. contribute to a healthy Discussion. Pg 36-38
business environment.

4
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9 1 PRODUCT
MARKETS

Introduction. Define the term market and Oral questions;

Pg 40
marketing. Probing questions;
Identify elements that dictate Guided discussion.
the type of market.

2-3 Perfect competition Outline features of a perfect

market. market. Pg 41-42

4 Monopoly. Identify features of a Exposition of new ideas;

monopoly market. Detailed discussion. Pg 42-43

10 1-2 Monopoly power. Outline ways of acquiring a Exposition of new ideas;

monopoly power. Detailed discussion. Pg 43-45

3-4 Monopolistic Outline features of a Exposition, discussion

competition. monopolistic competition. and sketching illustrative
Describe price & output graphs.
determination under
Pg 45-46
monopolistic competition.

11 1-2 Oligopoly. Describe features of an Exposition;

oligopolistic market. Probing questions; Pg 46-47
Discussion.

3-4 The kinked demand Interpret the kinked demand Curve sketching;
curve. curve. Discussion. Pg 47-48

5
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