| Q/A: review the definition of economics, production economics.Exposition & explanations.Q/A & discussion. | | |
| 1 | 1 | AGRIC. ECONOMICS III(PRODUCTION ECONOMICS) Household firm relationship. | 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. | Q/A: review definition of economics, production economics.Exposition & explanations.Q/A & discussion. | | KLB BK IVPg 96-97 Longhorn Bk 4Pg 20-21 | | |
| 2 | Gross domestic product (GDP) and Gross National product (GNP). Per Capita Income. | Define the terms GDP & GNP. Define the term gross national income (GNI). Define the term per capita income. | Exposition & explanations. Calculations. | | KLB BK IVPg 97-98 Longhorn Bk 4Pg 87-88 | | |
| 3 | Contribution of Agriculture to national development. | Explain the contribution of Agriculture to development. | Brainstorming; Discussion. | | KLB BK IVPg 98-9Longhorn Bk 4Pg 90-91 | | |
| 4 | Land as a factor of production. | Describe the economic value of the production of crops and livestock and space for the construction of farm buildings, agro-industries & infrastructure. List down methods of land acquisition. | Exposition of new concepts; Probing questions to elicit responses; Brief discussion. | | KLB BK IVPg 99-100 Longhorn Bk 4Pg 92-3 | | |
| 2 | 1 | Labour as a factor of production. | Define the term labour as used in production. Explain ways of improving labour productivity. Identify types of labour. | Oral questions & discussion. | | KLB BK IVPg 100-2 Longhorn Bk 4Pg 93-4 | | |
| 2 | Capital. | Define the term capital. Identify types of capital. List sources of capital. | Oral questions, exposition & discussion. | | KLB BK IVPg 102-3Longhorn Bk 4Pg 94-95 | | |
| 3 | Management as a production factor. | State functions of a manager on a farm. Identify good qualities of a manager. | Q/A & discussion. | | KLB BK IVPg 103-4 | | |
| 4 | TEST | | | KLB BK IVPg 104- | | |
| 3 | 1 | Production function. | Define production function.State characteristics of variable and fixed inputs. | Q/A: examples of inputs & outputs; variable and fixed inputs; Brief discussion. | | KLB BK IVPg 104-6Longhorn Bk 4Pg 96-7 | | |
| 2 | Production function curves. | Define production function. State characteristics of variable and fixed inputs. | Worked examples: supervised practice. | Graph papers. | KLB BK IVPg 106-7Longhorn Bk 4Pg 98 | | |
| 3 | Increasing returns production functions. | Illustrate and interpret Increasing returns production functions. Give empirical examples where increasing returns production functions are experienced. | Tabulate inputs and outputs.Graphical representation of increasing returns production functions. | Graph papers. | KLB BK IVPg 107-8Longhorn Bk 4Pg 99 | | |
| 4 | Constant returns production functions. | Constant returns production functions. Give empirical examples where Increasing returns production functions are experienced. | Tabulate inputs and outputs.Graphical representation of constant returns production functions. | | KLB BK IVPg 108-9 Longhorn Bk 4Pg 99 | | |
| 4 | 1 | Decreasing returns production functions. | Decreasing returns production functions. Give empirical examples where decreasing returns production functions are experienced. | Tabulate inputs and outputs.Graphical representation of decreasing returns production functions. | | KLB BK IVPg 109-10 | | |
| 2 | Law of diminishing returns. | State the law oh diminishing returns. | State the law of diminishing returns. | | KLB BK IVPg 112 Longhorn Bk 4Pg 100-1 | | |
| 3 | Zones of a PF curve. | Divide a production function into three zones. Identify rational zones of production. | Q/A: review AP, MP.Guided discovery of the three zones. | Chart –Curve showing 3 zones of PF. | KLB BK IVPg 113-5Longhorn Bk 4Pg 101-2 | | |
| 4 | The principles of substitution. Input-input relationship. | State the principles of substitution. Give examples illustrating principles of substitution. Identify ways of combining inputs. | Exposition. Illustrative examples, brief discussion. | | KLB BK IVPg 115-6 Longhorn Bk 4Pg 102 | | |
| 5 | 1 | Product-product relationship. Supplementary and complementary products. | Give examples of product-product relationships. Give illustrative examples depicting supplementary and complementary products. | Oral questions: joint products, competitive products. Discussion. | | KLB BK IVPg 116-7 Longhorn Bk 4Pg 103 | | |
| 2 | The principle of equi-marginal returns. The concept of cost. | The principle of equal-marginal returns. The concept of cost. | Discussion. Exposition; Worked examples. | | KLB BK IVPg 117-9 Longhorn Bk 4Pg 104-5,6 | | |
| 3 | Types of revenue. | Compute total revenue, net revenue and marginal revenue given the relevant information. | Worked examples;Explanations. | | KLB BK IVPg 119-120Longhorn Bk 4Pg 107 | | |
| 4 | Farm planning. | State factors to consider when drawing a farm plan. | Exposition, Q/A & discussion. | | KLB BK IVPg 121-2Longhorn Bk 4Pg 108 | | |
| 6 | 1 | Making a farm plan. | Worked examples; Explanations. | Exposition, probing questions & discussion. | | KLB BK IVPg 122-3Longhorn Bk 4Pg 109 | | |
| 2 | Farm budgeting. | Define a farm budget. Analyse the importance of farm budgeting. | Exposition & discussion. | | KLB BK IVPg 123Longhorn Bk 4Pg 110 | | |
| 3 | Types of farm budgets. | Describe types of farm budgets. Give examples of contexts where certain types of budgets are used. Draw a partial budget. Draw a complete budget. | Exposition & discussion, Worked examples; Supervised practice; Written exercises. | | KLB BK IVPg 124-7 Longhorn Bk 4Pg 110-1 | | |
| 4 | Farmer’s support servicesExtension, training & banking. | Describe extension, training & banking as support services to the farmers. | Exposition & explanations. | | KLB BK IVPg 127-8 Longhorn Bk 4Pg 112-3 | | |
| 7 | 1 | Credit. Sources of credit. | Define the term credit. Identify types of credit. Differentiate between hard & soft credit. List down sources of credit. Identify problems associated with credits. | Detailed discussion& exposition of new concepts. | | KLB BK IVPg 128-130 Longhorn Bk 4Pg 113-5 | | |
| 2 | Describe A.I. services provided to farmers. Identify objectives of Agricultural research. Give examples of Agricultural research centres in Kenya. | Define the term credit. Identify types of credit. Differentiate between hard & soft credit. List down sources of credit. Identify problems associated with credits. | Detailed discussion& exposition of new concepts. | | KLB BK IVPg 130-2 Longhorn Bk 4Pg 115-6 | | |
| 3 | Marketing. Farm input suppliersTractor hire service | 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 | | KLB BK IVPg 132-4 Longhorn Bk 4Pg 112-3 | | |
| 4 | Risks and uncertainties in farming. | Define the terms risk and uncertainty. List types of risks and uncertainties. | Brainstorming; Detailed discussion. | | KLB BK IVPg 134-5 Longhorn Bk 4Pg 116-7 | | |
| 8 | 1 | Adjusting to uncertainties and risks. | Outline ways of adjusting to risks and uncertainties. | Brainstorming; Detailed discussion. | | KLB BK IVPg 135-6 Longhorn Bk 4Pg 118-9 | | |
| 2 | AGRICULTURE ECONOMIC IV (FARM ACCOUNTS) Financial documents. | Outline details contained in an invoice, receipt, delivery note and a purchase order. | Oral questions & brief discussion. | Invoice, receipt, delivery note and purchase order. | KLB BK IVPg 139-145 Longhorn Bk 4121 | |
| Books of accounts. | Describe features of the ledger and the inventory. | Oral questions & brief discussion.Illustrative tables. | | KLB BK IVPg 146-150Longhorn Bk 4Pg 124 | |
| Cash book. | Outline details contained in an invoice, receipt, delivery note and purchase order. | Oral questions & brief discussion.Illustrative examples. | Cash book. | KLB BK IVPg 150Longhorn Bk 4Pg 125 | |
| 3 | Journal & Subsidiary books of the Journal. | Describe features of the journal & subsidiary books of the journal. | Oral questions & brief discussion.Illustrative tables. | | KLB BK IVPg 151-3 | |
| | Financial statements.Balance sheet. | 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 IVPg 154-7Longhorn Bk 4Pg 129-130 | |
| 4 | Solvency of a business. | Determine whether a business is solvent or insolvent. | | | KLB BK IVPg 154-7Longhorn Bk 4Pg 130 | |
| Profit and loss account. | Define a profit and loss account. Draw a profit and loss A/C.Compute net profit. | The teacher gives the format of profit and loss A/C.Worked examples.Supervised practice. | | KLB BK IVPg 157-9Longhorn Bk 4Pg 132-3 | |
| 9 | 1,2 | Cash analysis. | Define the term cash analysis. Draw a cash analysis. Compute total receipt and total expenditure for a given accounting period. | Worked examples.Supervised practice.Written exercise. | | KLB BK IVPg 159-162 Longhorn Bk 4Pg 133-4 | |
| 3 | AGRICULTURAL MARKETING & ORGANIZATIONS Market and marketing. | Define the term market as an institution. Distinguish between a perfect and imperfect market. | Q/A: definition.Teacher’s explanations. | | KLB BK IVPg 164 Longhorn Bk 4Pg 137 | |
| 4 | Types of markets. Monopoly.Oligopoly & Monopsony. | Identify features of a monopolistic competition in a market, oligopolistic and monopsonistic markets. | Identify features of monopolistic competition in a market, oligopolistic and monopsonistic markets. | | KLB BK IVPg 165-6 Longhorn Bk 4Pg 137-8 | |
| 10 | 1 | Price theory and demand. | Define the terms price & demand. Sketch the demand curve. Explain the term demand schedule. | Exposition; Curve sketching & explanations. | | KLB BK IVPg 166-8Longhorn Bk 4Pg 139-140 | |
| 2 | Factors affecting demand for a commodity. | Outline factors affecting demand for a commodity. | Q/A, discussion & explanations. | | KLB BK IVPg 168-9Longhorn Bk 4Pg 140-2 | |
| 3 | The elasticity of demand. | Explain the concept of elasticity of demand. Illustrate demand for a commodity. Calculate the 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. | | KLB BK IVPg 170-3 Longhorn Bk 4Pg 142-4 | |
| 4 | Factors affecting elasticity of demand. | State factors affecting elasticity of demand. | Explain the concept of elasticity of demand. Illustrate demand for a commodity. Calculate the elasticity of demand. Identify types of elasticity of demand. Illustrate elastic, inelastic & unitary demand graphically. | | KLB BK IVPg 173-4 | |
| 11 | | END OF TERM TWO EXAMINATIONS | | |
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