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.

Q/A: review definition of economics, production economics.
Exposition & explanations.
Q/A & discussion.

resource person
calculator

KLB BK IV
Pg 96-97

Longhorn Bk 4
Pg 20-21

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.

Brain storming;
Discussion.

student book

KLB BK IV
Pg 98-9
Longhorn Bk 4
Pg 90-91

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

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.

Oral questions, exposition & discussion.

KLB BK IV
Pg 102-3
Longhorn Bk 4
Pg 94-95

AGRIC. ECONOMICS III (PRODUCTION ECONOMICS)

Production function.
Production function curves.

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.

Graph papers.

KLB BK IV
Pg 104-6
Longhorn Bk 4
Pg 96-7

AGRIC. ECONOMICS III (PRODUCTION ECONOMICS)

Increasing returns production functions.
Constant returns production functions.

By the end of the lesson, the learner should be able to:
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.
charts

KLB BK IV
Pg 107-8
Longhorn Bk 4
Pg 99

AGRIC. ECONOMICS III (PRODUCTION ECONOMICS)

Decreasing returns production functions.

By the end of the lesson, the learner should be able to:
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.

graphs

KLB BK IV
Pg 109-10

AGRIC. ECONOMICS III (PRODUCTION ECONOMICS)

Law of diminishing returns.
Zones of a PF curve.

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
Chart - Curve showing 3 zones of PF.

KLB BK IV
Pg 112

Longhorn Bk 4
Pg 100-1

AGRIC. ECONOMICS III (PRODUCTION ECONOMICS)

The principles of substitution. Input-input relationship.
Product-product relationship. Supplementary and complementary products.

By the end of the lesson, the learner should be able to:
State the principles of substitution.
Give examples illustrating principles of substitution.
Identify ways of combining inputs.

Exposition.

Illustrative examples, brief discussion.

charts

KLB BK IV
Pg 115-6

Longhorn Bk 4
Pg 102

AGRIC. ECONOMICS III (PRODUCTION ECONOMICS)

The principle of equi-marginal returns. The concept of cost.

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.

Discussion.


Exposition;
Worked examples.

KLB BK IV
Pg 117-9

Longhorn Bk 4
Pg 104-5,6

AGRIC. ECONOMICS III (PRODUCTION ECONOMICS)

Types of revenue.
Farm planning.

By the end of the lesson, the learner should be able to:
Compute total revenue, net revenue and marginal revenue given the relevant information.

Worked examples;
Explanations.

charts

KLB BK IV
Pg 119-120
Longhorn Bk 4
Pg 107

AGRIC. ECONOMICS III (PRODUCTION ECONOMICS)

Making a farm plan.
Farm budgeting.

By the end of the lesson, the learner should be able to:
Outline steps followed in making a farm plan.

Exposition, probing questions & discussion.

chart

KLB BK IV
Pg 122-3
Longhorn Bk 4
Pg 109

AGRIC. ECONOMICS III (PRODUCTION ECONOMICS)

Types of farm budgets.

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.

Exposition & discussion,
Worked examples;
Supervised practice;
Written exercises.

chart

KLB BK IV
Pg 124-7

Longhorn Bk 4
Pg 110-1

AGRIC. ECONOMICS III (PRODUCTION ECONOMICS)

Farmer?s support services Extension, training & banking.
Credit. Sources of credit.

By the end of the lesson, the learner should be able to:
Describe extension, training & banking as support services to the farmers.

Exposition & explanations.

student book

KLB BK IV
Pg 127-8

Longhorn Bk 4
Pg 112-3

AGRIC. ECONOMICS III (PRODUCTION ECONOMICS)

Artificial insemination & Agricultural research.
Marketing. Farm input suppliers Tractor hire service

By the end of the lesson, the learner should be able to:
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
resource person

KLB BK IV
Pg 130-2

Longhorn Bk 4
Pg 115-6

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.

Brain storming;
Detailed discussion.

KLB BK IV
Pg 134-5

Longhorn Bk 4
Pg 116-7

AGRICULTURAL MARKETING & ORGANIZATIONS

Market and marketing.

By the end of the lesson, the learner should be able to:




Define the term market as an institution.
Distinguish between a perfect and imperfect market.

Q/A: definition.
Teacher?s explanations.

student book

KLB BK IV
Pg 164

Longhorn Bk 4
Pg 137

AGRICULTURAL MARKETING & ORGANIZATIONS

Types of markets. Monopoly. Oligopoly & Monopsony.
Price theory and demand.

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.

student book

KLB BK IV
Pg 165-6

Longhorn Bk 4
Pg 137-8

AGRICULTURAL MARKETING & ORGANIZATIONS

Factors affecting demand for a commodity.
Elasticity of demand.

By the end of the lesson, the learner should be able to:
Outline factors affecting demand for a commodity.

Q/A, discussion & explanations.

chart

KLB BK IV
Pg 168-9
Longhorn Bk 4
Pg 140-2

AGRICULTURAL MARKETING & ORGANIZATIONS

Factors affecting elasticity of demand.

By the end of the lesson, the learner should be able to:
State factors affecting elasticity of demand.

Exposition;
Explanations.

KLB BK IV
Pg 173-4

AGRICULTURAL MARKETING & ORGANIZATIONS

Supply & Supply-price relationship.
Factors affecting supply of a commodity.

By the end of the lesson, the learner should be able to:
Define the term supply.
Illustrate supply-price relationship.

Sketching supply-price curves.
Refer to supply schedules.
Discussion.

chart

KLB BK IV
Pg 174-5
Longhorn Bk 4
Pg 144-5

AGRICULTURAL MARKETING & ORGANIZATIONS

Elasticity of supply (Es).
Determination of market prices.

By the end of the lesson, the learner should be able to:
Define elasticity of supply (Es).
Calculate (Es)

Q/A: review Ed hence defines Es.
Worked examples.
Supervised activity.

chart
graph

KLB BK IV
Pg 177-8
Longhorn Bk 4
Pg 147

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.

Brain storming;
Exposition;
Discussion.

student book

KLB BK IV
Pg 179-183

Longhorn Bk 4
Pg 151

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

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.

Q/A & detailed discussion.

student book

KLB BK IV
Pg 185-6

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.

Probing questions,
Brief discussion

student book

KLB BK IV
Pg 189-192

Longhorn Bk 4
Pg 163-4

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