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Business Studies
Form 3 2025
TERM I
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WK LSN TOPIC SUB-TOPIC OBJECTIVES T/L ACTIVITIES T/L AIDS REFERENCE REMARKS
2 1
DEMAND.
Definition of 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.



Brain storming;
Exposition;
Discussion.
text book
New Inventor
KLB BOOK III
Pg 1
2 2-3
DEMAND.
Factors influencing demand.
Demand schedule for an individual or entire market.
By the end of the lesson, the learner should be able to:
Explain factors that influence demand of a commodity.

Prepare and interpret a demand schedule for an individual or entire market.
Explanations;
Discussion.
Interpreting a demand schedule;
Brief discussion.
text book
New Inventor KLB BOOK IIIPg 2-5
New Inventor KLB BOOK III pg 6-7
3 1
DEMAND.
Demand curves.
By the end of the lesson, the learner should be able to:
Illustrate law of demand graphically.
Guided plotting of demand curves.
Discussion.
Graph papers.
New Inventor KLB BOOK III  Pg 7-8
3 2-3
DEMAND.
SUPPLY.
Movement along, and shift in demand curves.
Factors influencing supply of a product.
By the end of the lesson, the learner should be able to:
Explain movement along the demand curve.
Illustrate an increase / decrease in demand graphically.

Explain factors that influence demand of a commodity.
Q/A: review law of demand.
Curve sketching & explanations.
Explanations;
Discussion.
Chart- increasing and decreasing -supply.
New Inventor KLB BOOK III Pg 8-9
New Inventor KLB BOOK III Pg 9-13
4 1
SUPPLY.
Supply schedule and supply curve.
By the end of the lesson, the learner should be able to:
Draw supply curve from a supply schedule.
Practical exercise.
chart
New Inventor KLB BOOK III Pg 14-15
4 2-3
SUPPLY.
Movement along the curve.supply curve.
Shift in supply curve.
By the end of the lesson, the learner should be able to:
Explain changes in supply with changes in prices of the commodity.
Identify incidents where a supply curve expands to the right or left.

Explain the effect of decreasing supply.
Probing questions,
Graphical illustrations.
Exposition;
discussion
text book
New Inventor KLB BOOK III Pg 15-
New Inventor KLB BOOK III Pg 15-16
5 1
SUPPLY.
Equilibrium price and equilibrium quantity.
By the end of the lesson, the learner should be able to:
Define the terms equilibrium price and equilibrium quantity.
Use demand and supply schedule to determine equilibrium price.
Examine schedules;
Make deductions;
Discussion.
Demand and supply schedule.
New Inventor KLB BOOK III Pg 16-17
5 2-3
SUPPLY.
Equilibrium price and quantity. (graphical method)
Effects of change in demand on the equilibrium.
Effects of change in supply on the equilibrium.
By the end of the lesson, the learner should be able to:
Determine equilibrium price and equilibrium quantity graphically.
Explain the effects of change in supply on the equilibrium.
Graphical methods;
Make deductions.
Brain storming;
Discussion.
Graph papers.
chart
New Inventor KLB BOOK III Pg 16-18
New Inventor KLB BOOK III Pg 21
6 1
SUPPLY.
Excess demand and excess supply.
By the end of the lesson, the learner should be able to:
Define excess demand and excess supply.
Discussion & graphical illustrations.
text book
New Inventor KLB BOOK III Pg 18-19
6 2-3
SUPPLY.
SIZE AND LOCATION OF A FIRM
Other methods of determining the price of a product.
Concept of firm and industry.
By the end of the lesson, the learner should be able to:
Outline other methods of determining the price o a product.




Differentiate between a firm and an industry.
Identify factors influencing goods and services to produce.
Exposition;
Probing questions;
Discussion.




Exposition of new concepts;
text book
New Inventor KLB BOOK III Pg 20-21
New Inventor KLB BOOK III Pg 23-24
7 1
SIZE AND LOCATION OF A FIRM
Size of a firm.
By the end of the lesson, the learner should be able to:
Outline ways of determining size of a firm.
Oral questions;
Guided discussion.
text book
New Inventor KLB BOOK III Pg 24-25
7 2-3
SIZE AND LOCATION OF A FIRM
Location of a firm.
Localization of a firm.
Delocalization of a firm.
By the end of the lesson, the learner should be able to:
Identify factors influencing location of a firm.
Outline factors that encourage delocalization of a firm.
State advantages and disadvantages of delocalization of a firm.
Exposition of new concepts;
Detailed discussion.

Exposition;
Oral questions;
Discussion.
chart
text book
New Inventor KLB BOOK III Pg 25-27
New Inventor KLB BOOK III Pg 27-28
8 1
SIZE AND LOCATION OF A FIRM
Internal economies of scale. External economies of scale.
By the end of the lesson, the learner should be able to:
Define the term economy of scale.
Outline various economies of scale associated with a firm.
Outline benefits accruing to a firm as a result of growth of the whole industry.
Exposition of new concepts.
Discussion.
text book
New Inventor KLB BOOK III Pg 29-30
8 2-3
SIZE AND LOCATION OF A FIRM
Internal and external diseconomies of scale.
Existence of small firms.
By the end of the lesson, the learner should be able to:
Define the term diseconomies of scale.
Highlight some internal and external diseconomies of scale.

Give reasons that contribute to existence of small firms.
Exposition of new concepts.
Oral questions;
Discussion.
Brain storming;
Oral questions;
Discussion.
text book
New Inventor KLB BOOK III Pg 31-32
New Inventor KLB BOOK III Pg 32-33
9 1
SIZE AND LOCATION OF A FIRM
Negative impact of production activities on the environment.
By the end of the lesson, the learner should be able to:
Highlight adverse effects arising from production activities.
Probing questions and discussion on
adverse effects of air pollution, water pollution, noise pollution & solid waste pollution.
text book
New Inventor KLB BOOK III Pg 33-35
9 2-3
SIZE AND LOCATION OF A FIRM
PRODUCT MARKETS
Maintaining a healthy environment.
Introduction.
By the end of the lesson, the learner should be able to:
Outline factors that contribute to a healthy business environment.



Define the term market and marketing.
Identify elements that dictate the type of market.
Brain storming;
Discussion.



Oral questions;
Probing questions;
Guided discussion.
chart
New Inventor KLB BOOK III Pg 36-38
New Inventor KLB BOOK III Pg 40
10 1
PRODUCT MARKETS
Perfect competition market.
By the end of the lesson, the learner should be able to:
Outline features of a perfect market.
text book
New Inventor KLB BOOK III Pg 41-42
10 2-3
PRODUCT MARKETS
Monopoly.
Monopoly power.
By the end of the lesson, the learner should be able to:
Identify features of a monopoly market.

Outline ways of acquiring a monopoly power.
Exposition of new ideas; Detailed discussion.
text book
New Inventor KLB BOOK III Pg 42-43
New Inventor KLB BOOK III Pg 43-45
11 1
PRODUCT MARKETS
Monopolistic competition.
By the end of the lesson, the learner should be able to:
Outline features of a monopolistic competition.
Describe price & output determination under monopolistic competition.
Exposition, discussion and sketching illustrative graphs.
chat,text book
New Inventor KLB BOOK III Pg 45-46
11 2-3
PRODUCT MARKETS
Monopolistic competition.
Oligopoly.
By the end of the lesson, the learner should be able to:
Outline features of a monopolistic competition.
Describe price & output determination under monopolistic competition.



Describe features of an oligopolistic market.
Exposition, discussion and sketching illustrative graphs.
Exposition;
Probing questions;
Discussion.
chat,text book
New Inventor KLB BOOK III Pg 45-46
New Inventor KLB BOOK III Pg 46-47

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