BUSINESS STUDIES CURRICULUM SYLLABUS (NEW)

<h1>KENYA SECONDARY SCHOOL BUSINESS STUDIES CURRICULUM&lpar;NEW&rpar;<&sol;h1>&NewLine;<p><strong>INTR0DUCTION<&sol;strong><&sol;p>&NewLine;<p>The Business Studies syllabus incorporates fundamental aspects of the various business disciplines&comma; leaving out the more specialized concepts for post school education and training&period;<&sol;p>&NewLine;<p>The aim of t subject is to provide the learner with opportunities to acquire basic business skills and positive attitudes necessary for the development of self and the nation&period;<&sol;p>&NewLine;<p>Business Studies&comma; being a living subject&comma; takes into account the need to address contemporary issues&comma; trends in business and current economic issues in society&period; The teacher as well as the learners is therefore expected to update themselves on these trends by making use of resources such as print and electronic media&comma; resource persons and relevant business environment&period;<&sol;p>&NewLine;<p>The vital role of the learner in the learning process has also been recognized&period; In this connection&comma; the teacher is strongly advised to employ participatory approaches to learning in order to tap and incorporate the learner’s experiences&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>GENERAL OBJECTIVES<&sol;strong><&sol;p>&NewLine;<p>This course will enable the learner to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>acquire necessary knowledge&comma; skills and attitude for the development of the self and the nation<&sol;li>&NewLine;<li>understand business and its environment<&sol;li>&NewLine;<li>appreciate the role of business in society<&sol;li>&NewLine;<li>acquire necessary entrepreneurial knowledge&comma; skills and attitude for starting and operating a business<&sol;li>&NewLine;<li>develop ability for inquiry&comma; critical thinking and rational judgment<&sol;li>&NewLine;<li>appreciate tile need for ethical practice and efficient business management<&sol;li>&NewLine;<li>acquire self-discipline and positive attitude towards work<&sol;li>&NewLine;<li>enhance co-operation and inter-relation in the society through trade<&sol;li>&NewLine;<li>understand the role of the government in relation to business activities<&sol;li>&NewLine;<li>appreciate the role communication and information technology in modern business management<&sol;li>&NewLine;<li>develop positive environmental and health practices<&sol;li>&NewLine;<li>have a firm foundation for further education and training<&sol;li>&NewLine;<li>appreciate the need for measuring business performance<&sol;li>&NewLine;<li>appreciate basic economic issues in society<&sol;li>&NewLine;<li>understand the role of auxiliary services in business<&sol;li>&NewLine;<li>appreciate the role of market forces in determining prices of goods&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>FORM I BUSINESS STUDIES <&sol;strong><&sol;p>&NewLine;<p><strong>1&period;0&period;0   <&sol;strong><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form1&sol;Introduction&sol;Introduction&period;htm"><strong>Introduction to Business Studies<&sol;strong><&sol;a><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form1&sol;Introduction&sol;Introduction&period;htm"><strong> &lpar;3 Lessons&rpar;<&sol;strong><&sol;a><&sol;p>&NewLine;<p><strong>2&period;0&period;0  <a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form1&sol;Environment&sol;Environment&period;htm">Business and Its Environment<&sol;a><&sol;strong><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form1&sol;Environment&sol;Environment&period;htm"><strong> &lpar;6 Lessons&rpar;<&sol;strong><&sol;a><&sol;p>&NewLine;<p><strong>3&period;0&period;0  <a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form1&sol;Satisfaction&sol;Satisfaction&period;htm">Satisfaction Of Human Wants<&sol;a><&sol;strong><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form1&sol;Satisfaction&sol;Satisfaction&period;htm"><strong> &lpar;9 Lessons&rpar;<&sol;strong><&sol;a><&sol;p>&NewLine;<p><strong>4&period;0&period;0  <a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form1&sol;Production&sol;Production&period;htm">Production<&sol;a><&sol;strong><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form1&sol;Production&sol;Production&period;htm"><strong> &lpar;12 Lessons&rpar;<&sol;strong><&sol;a><&sol;p>&NewLine;<p><strong>5&period;0&period;0  <a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form1&sol;Entrepreneurship&sol;Entrep&period;htm">Entrepreneurship<&sol;a><&sol;strong><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form1&sol;Entrepreneurship&sol;Entrep&period;htm"><strong> &lpar;17 Lessons&rpar;<&sol;strong><&sol;a><&sol;p>&NewLine;<p><strong>6<&sol;strong><strong>&period;0&period;0  <a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form1&sol;Office&sol;Office&period;htm">The Office<&sol;a><&sol;strong><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form1&sol;Office&sol;Office&period;htm"><strong> &lpar;17 Lessons&rpar;<&sol;strong><&sol;a><&sol;p>&NewLine;<p><strong>7<&sol;strong><strong>&period;0&period;0  <a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form1&sol;Home&sol;Home&period;htm">Home Trade<&sol;a><&sol;strong><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form1&sol;Home&sol;Home&period;htm"><strong> &lpar;30 Lessons&rpar;<&sol;strong><&sol;a><&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>1&period;00   INTRODUCTION TO BUSINESS STUDIES<&sol;strong><strong> &lpar;3 LESSONS&rpar;<&sol;strong><&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>1&period;1&period;0 <u>S<&sol;u><&sol;strong><strong><u>PECIFIC OBJECTIVES<&sol;u><&sol;strong><&sol;p>&NewLine;<p>By the end of the topic&comma; the learner should be able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; explain the meaning of <a href&equals;"http&colon;&sol;&sol;en&period;wikipedia&period;org&sol;wiki&sol;Business&lowbar;studies">business studies<&sol;a><&sol;li>&NewLine;<li>b&rpar; explain the importance of business studies in society&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>1&period;20  <u>C<&sol;u><&sol;strong><strong><u>ONTENT<&sol;u><&sol;strong><&sol;p>&NewLine;<p><strong>1&period;21  Meaning of business studies <&sol;strong><&sol;p>&NewLine;<table width&equals;"100&percnt;">&NewLine;<tbody>&NewLine;<tr>&NewLine;<td>The study of business is about how individuals and groups of people organise&comma; plan&comma; and act to create and develop goods and services to satisfy customers&period; Business is influenced by and impacts on the cultural&comma; ethical&comma; environmental&comma; political&comma; and economic conditions of the day&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>Business Studies will help you to make more informed decisions in the everyday business of living&period; It gives you a better understanding of the world of work&period; It encourages you to think about how and why people start up in business and why you too might also consider starting a business&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>As well as developing the essential transferable or &OpenCurlyQuote;soft’ skills that employers demand&comma; the following strengths are also cultivated through business studies&colon;<&sol;p>&NewLine;<ul>&NewLine;<li>critical thinking and analytical skills&comma; alongside familiarity with evaluative techniques&semi;<&sol;li>&NewLine;<li>numeracy and the ability to research&comma; interpret and use business and financial data and information&semi;<&sol;li>&NewLine;<li>self-reliance&comma; initiative and the ability to manage time&comma; projects and resources&semi;<&sol;li>&NewLine;<li>appreciation of the causes and effects of economic and other external changes&comma;<&sol;li>&NewLine;<li>a creative problem-solving approach and sound&comma; logical decision-making skills&semi;<&sol;li>&NewLine;<li>effective and persuasive written and oral communication skills&semi;<&sol;li>&NewLine;<li>understandingorganisationalbehaviour and structure&period;<&sol;li>&NewLine;<&sol;ul>&NewLine;<p>These attributes are much sought after by employers&comma; since they build commercial awareness and allow new employees to start contributing to the organisation quickly&period;<&sol;p>&NewLine;<p>The course structure and design of assignments also boost employability&comma; with presentations&comma; group work&comma; independent projects and business simulation activities giving ample opportunity for development&period;<&sol;td>&NewLine;<td>&nbsp&semi;<&sol;td>&NewLine;<&sol;tr>&NewLine;<&sol;tbody>&NewLine;<&sol;table>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>1&period;22  Importance of business studies <&sol;strong><&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>Business Studies helps you to make more informed decisions in the everyday business of living&period; It gives you a better understanding of the world of work&period; It encourages you to think about how and why people start up in business and why you too might also consider starting a business&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>As well as developing the essential transferable or &OpenCurlyQuote;soft’ skills that employers demand&comma; the following strengths are also cultivated through business studies&colon;<&sol;p>&NewLine;<ul>&NewLine;<li>critical thinking and analytical skills&comma; alongside familiarity with evaluative techniques&semi;<&sol;li>&NewLine;<li>numeracy and the ability to research&comma; interpret and use business and financial data and information&semi;<&sol;li>&NewLine;<li>self-reliance&comma; initiative and the ability to manage time&comma; projects and resources&semi;<&sol;li>&NewLine;<li>appreciation of the causes and effects of economic and other external changes&comma;<&sol;li>&NewLine;<li>a creative problem-solving approach and sound&comma; logical decision-making skills&semi;<&sol;li>&NewLine;<li>effective and persuasive written and oral communication skills&semi;<&sol;li>&NewLine;<li>understandingorganisationalbehaviour and structure&period;<&sol;li>&NewLine;<&sol;ul>&NewLine;<p>These attributes are much sought after by employers&comma; since they build commercial awareness and allow new employees to start contributing to the organisation quickly<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>2&period;00  BUSINESS AND ITS ENVIRONMENT<&sol;strong><strong> &lpar;6 LESSONS&rpar;<&sol;strong><&sol;p>&NewLine;<p><strong>2&period;10 <u> S<&sol;u><&sol;strong><strong><u>PECIFIC OBJECTIVES<&sol;u><&sol;strong><&sol;p>&NewLine;<p>By the end of the topic&comma; the learner should be able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; explain the meaning and purpose of a business<&sol;li>&NewLine;<li>b&rpar; identify various business activities<&sol;li>&NewLine;<li>c&rpar; identify various types of business environments<&sol;li>&NewLine;<li>d&rpar; explain how the various environments influence a business<&sol;li>&NewLine;<&sol;ol>&NewLine;<p><strong> <u>C<&sol;u><&sol;strong><strong><u>ONTENT<&sol;u><&sol;strong><&sol;p>&NewLine;<p>2&period;21  Meaning and purpose of a business<&sol;p>&NewLine;<p>2&period;22  Business activities<&sol;p>&NewLine;<p>2&period;23  Business environments&period;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; Internal<&sol;li>&NewLine;<li>b&rpar; External<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>2&period;24  Effects of various business environments on a business<&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong>3&period;00  SATISFACTION OF HUMAN WANTS<&sol;strong><strong> &lpar;9 LESSONS&rpar;<&sol;strong><&sol;p>&NewLine;<p><strong>3&period;10  <&sol;strong><strong><u>SPECIFIC OBJECTIVES<&sol;u><&sol;strong><&sol;p>&NewLine;<p>By the end of the topic the learner should be able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; explain the meaning and characteristics of human wants<&sol;li>&NewLine;<li>b&rpar; classify human wants<&sol;li>&NewLine;<li>c&rpar; explain the meaning of goods and service<&sol;li>&NewLine;<li>d&rpar; discuss characteristics of goods and services<&sol;li>&NewLine;<li>e&rpar; explain the meaning and characteristics of economic resources<&sol;li>&NewLine;<li>f&rpar; relate the concepts of scarcity&comma; choice and opportunity cost to real life situations<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>3&period;20  <u>C<&sol;u><&sol;strong><strong><u>ONTENT<&sol;u><&sol;strong><&sol;p>&NewLine;<p>3&period;21  Meaning and characteristics of human wants<&sol;p>&NewLine;<p>3&period;22  Types of human wants<&sol;p>&NewLine;<p>3&period;23  Meaning of goods and services<&sol;p>&NewLine;<p>3&period;24  Characteristics of goods and services<&sol;p>&NewLine;<p>3&period;25  Economic resources<&sol;p>&NewLine;<p>3&period;26  Relation between Scarcity&comma; choice and opportunity cost to real life situations<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>4&period;00  PRODUCTION<&sol;strong><strong> &lpar;12 LESSONS&rpar;<&sol;strong><&sol;p>&NewLine;<p><strong>4&period;10  <&sol;strong><strong>SPECIFIC OBJECTIVES<&sol;strong><&sol;p>&NewLine;<p>By the end of the topic&comma; the learner should he able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; explain the meaning of production<&sol;li>&NewLine;<li>b&rpar; distinguish between the different types of utility<&sol;li>&NewLine;<li>c&rpar; distinguish between direct and indirect production<&sol;li>&NewLine;<li>d&rpar; describe the levels of production and occupations relating to each<&sol;li>&NewLine;<li>e&rpar; discuss the factors of production and the reward for each<&sol;li>&NewLine;<li>f&rpar; explain the role of division of labour in the production process<&sol;li>&NewLine;<li>g&rpar; Classify goods and services produced in an economy&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>4&period;20  <&sol;strong><strong><u>CONTENT<&sol;u><&sol;strong><&sol;p>&NewLine;<p>4&period;21  Meaning of production&period;<&sol;p>&NewLine;<p>4&period;22  Types of utility&period;<&sol;p>&NewLine;<p>4&period;23  Direct and indirect production&period;<&sol;p>&NewLine;<p>4&period;24  Levels of production and related occupations&period;<&sol;p>&NewLine;<p>4&period;25  Factors of production and their rewards&period;<&sol;p>&NewLine;<p>4&period;26  Division of labour and specialization&comma;<&sol;p>&NewLine;<p>4&period;27  Classification of goods and services produced in an economy&period;<&sol;p>&NewLine;<p><strong>5&period;00  ENTREPRENEURSHIP<&sol;strong><strong> &lpar;17 LESSONS&rpar;<&sol;strong><&sol;p>&NewLine;<p><strong> 5&period;10  <&sol;strong><strong><u>SPECIFIC OBJECTIVES<&sol;u><&sol;strong><&sol;p>&NewLine;<p>By the end of the topic&comma; the learner should be able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; explain the meaning of entrepreneurship<&sol;li>&NewLine;<li>b&rpar; discuss the importance of entrepreneurship to an economy<&sol;li>&NewLine;<li>c&rpar; describe the characteristics of an entrepreneur<&sol;li>&NewLine;<li>d&rpar; generate business ideas<&sol;li>&NewLine;<li>e&rpar; identify a business opportunity<&sol;li>&NewLine;<li>f&rpar; evaluate a business opportunity<&sol;li>&NewLine;<li>g&rpar; explain the need for a business plan<&sol;li>&NewLine;<li>h&rpar; discuss the factors that may inhibit entrepreneurial development in Kenya<&sol;li>&NewLine;<li>i&rpar; discuss the causes of business failure<&sol;li>&NewLine;<li>j&rpar; recognize the need for ethical practices in business<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>5&period;20  <&sol;strong><strong><u>CONTENT<&sol;u><&sol;strong><&sol;p>&NewLine;<p>5&period;21  Meaning of entrepreneurship<&sol;p>&NewLine;<p>5&period;22  Importance of entrepreneurship to an economy<&sol;p>&NewLine;<p>5&period;23  Characteristics of an entrepreneur<&sol;p>&NewLine;<p>5&period;24  Business ideas<&sol;p>&NewLine;<p>5&period;25  Business opportunity<&sol;p>&NewLine;<p>5&period;26  Evaluating a business opportunity<&sol;p>&NewLine;<p>5&period;27  Need for a business plan<&sol;p>&NewLine;<p>5&period;28  Factors that influence entrepreneurial practices<&sol;p>&NewLine;<p>5&period;29 Causes of Business Success<&sol;p>&NewLine;<p>5&period;30  Ethical values in business<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>6<&sol;strong><strong>&period;00  THE OFFICE<&sol;strong><strong> &lpar;17 LESSONS&rpar;<&sol;strong><&sol;p>&NewLine;<p><strong>6<&sol;strong><strong>&period;10  S<&sol;strong><strong>PECIFIC OBJECTIVES<&sol;strong><&sol;p>&NewLine;<p>By the end of the topic&comma; the learner should be able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; explain the concept of an office<&sol;li>&NewLine;<li>b&rpar; explain the functions of an office<&sol;li>&NewLine;<li>c&rpar; discuss the various office layouts<&sol;li>&NewLine;<li>d&rpar; explain the uses of various office equipment<&sol;li>&NewLine;<li>e&rpar; discuss the role of filing in an office<&sol;li>&NewLine;<li>f&rpar; discuss the duties of various categories of office staff<&sol;li>&NewLine;<li>g&rpar; describe essential qualities of each category of office staff<&sol;li>&NewLine;<li>h&rpar; discuss trends in office management&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p><strong>6<&sol;strong><strong>&period;20  <u>C<&sol;u><&sol;strong><strong><u>ONTENT<&sol;u><&sol;strong><&sol;p>&NewLine;<p><strong>6<&sol;strong><strong>&period;21<&sol;strong>  Concept of an office<&sol;p>&NewLine;<p><strong>6<&sol;strong><strong>&period;23<&sol;strong>  Functions of an office<&sol;p>&NewLine;<p><strong>6<&sol;strong><strong>&period;24<&sol;strong>  Types of office layouts<&sol;p>&NewLine;<p><strong>6<&sol;strong><strong>&period;25<&sol;strong>  Role of filing in an office<&sol;p>&NewLine;<p><strong>6<&sol;strong><strong>&period;26<&sol;strong>  Duties of various office staff<&sol;p>&NewLine;<p><strong>6<&sol;strong><strong>&period;27<&sol;strong>  Essential qualities of office staff<&sol;p>&NewLine;<p><strong>6<&sol;strong><strong>&period;28<&sol;strong>  Trends in office management<&sol;p>&NewLine;<p><strong>8&period;00  HOME TRADE<&sol;strong><&sol;p>&NewLine;<p><strong>8&period;01  S<&sol;strong><strong>PECIFIC OBJECTIVES<&sol;strong><&sol;p>&NewLine;<p>By the end of the topic&comma; the learner should be able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; explain the meaning and importance of trade<&sol;li>&NewLine;<li>b&rpar; classify trade<&sol;li>&NewLine;<li>c&rpar; explain the forms of home trade<&sol;li>&NewLine;<li>d&rpar; discuss the types and functions of retailers<&sol;li>&NewLine;<li>e&rpar; discuss the types and functions of wholesalers<&sol;li>&NewLine;<li>f&rpar; describe the documents used in home trade<&sol;li>&NewLine;<li>g&rpar; explain the means of payment used in home trade and the circumstances under which they are used<&sol;li>&NewLine;<li>h&rpar; explain the terms of payment used in home trade and circumstances in which they are used&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>8&period;20  <u>C<&sol;u><&sol;strong><strong><u>ONTENT<&sol;u><&sol;strong><&sol;p>&NewLine;<p>8&period;21  Meaning and importance of trade<&sol;p>&NewLine;<p>8&period;22  Classification of trade<&sol;p>&NewLine;<p>8&period;23 Forms of home trade<&sol;p>&NewLine;<p>8&period;24  Types and functions of retailers<&sol;p>&NewLine;<p>8&period;25  Types and functions of wholesalers<&sol;p>&NewLine;<p>8&period;26  Documents used in home trade<&sol;p>&NewLine;<p>8&period;27  Means of payment in home trade<&sol;p>&NewLine;<p>8&period;28  Terms of payment in home trade<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<h1><&sol;h1>&NewLine;<h1>FORM TWO<&sol;h1>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>FORM II &&num;8211&semi; KENYA BUSINESS STUDIES<&sol;strong><&sol;p>&NewLine;<p><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form2&sol;Buss&lowbar;Units&sol;Forms&percnt;20of&percnt;20Business&percnt;20Units&percnt;20&lpar;KCSE&percnt;20Form&percnt;20II&percnt;20-&percnt;20Business&percnt;20Stuties&rpar;&period;htm"><strong>8<&sol;strong><strong>&period;0&period;0  Forms<&sol;strong><strong>o<&sol;strong><strong>f Business Unit<&sol;strong><strong>s &lpar;30 Lessons&rpar;<&sol;strong><&sol;a><&sol;p>&NewLine;<p><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form2&sol;Government&sol;Government&percnt;20and&percnt;20Business&period;htm"><strong>9<&sol;strong><strong>&period;0&period;0  Government<&sol;strong><strong>and <&sol;strong><strong> <&sol;strong><strong>Business &lpar;12 Lessons&rpar;<&sol;strong><&sol;a><&sol;p>&NewLine;<p><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form2&sol;Transport&sol;Transport&period;htm"><strong>10<&sol;strong><strong>&period;0&period;0  <&sol;strong><strong>Transport &lpar; 12 Lessons&rpar;<&sol;strong><&sol;a><&sol;p>&NewLine;<p><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form2&sol;Communication&sol;Communication&period;htm"><strong>11<&sol;strong><strong>&period;0&period;0  <&sol;strong><strong>Communication &lpar;12 Lessons&rpar;<&sol;strong><&sol;a><&sol;p>&NewLine;<p><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form2&sol;Warehse&sol;Warehousing&period;htm"><strong>12<&sol;strong><strong>&period;0&period;0  <&sol;strong><strong>Warehousing &lpar;6 Lessons&rpar;<&sol;strong><&sol;a><&sol;p>&NewLine;<p><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form2&sol;Insurance&sol;Insurance&period;htm"><strong>13<&sol;strong><strong>&period;0&period;0  <&sol;strong><strong>Insurance &lpar;12 Lessons&rpar;<&sol;strong><&sol;a><&sol;p>&NewLine;<p><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form2&sol;Promotion&sol;Promotion&period;htm"><strong>14<&sol;strong><strong>&period;0&period;0  ProductPromotio<&sol;strong><strong>n &lpar;12 Lessons&rpar;<&sol;strong><&sol;a><&sol;p>&NewLine;<p><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form2&sol;Buss&lowbar;Units&sol;Forms&percnt;20of&percnt;20Business&percnt;20Units&percnt;20&lpar;KCSE&percnt;20Form&percnt;20II&percnt;20-&percnt;20Business&percnt;20Stuties&rpar;&period;htm"><strong>8<&sol;strong><strong>&period;0&period;0  Forms<&sol;strong><strong>o<&sol;strong><strong>f Business Unit<&sol;strong><strong>s &lpar;30 Lessons&rpar;<&sol;strong><&sol;a><&sol;p>&NewLine;<p><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form2&sol;Government&sol;Government&percnt;20and&percnt;20Business&period;htm"><strong>9<&sol;strong><strong>&period;0&period;0  Government<&sol;strong><strong>and <&sol;strong><strong> <&sol;strong><strong>Business &lpar;12 Lessons&rpar;<&sol;strong><&sol;a><&sol;p>&NewLine;<p><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form2&sol;Transport&sol;Transport&period;htm"><strong>10<&sol;strong><strong>&period;0&period;0  <&sol;strong><strong>Transport &lpar; 12 Lessons&rpar;<&sol;strong><&sol;a><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<h1>8&period;0&period;0 Forms of Business Units<&sol;h1>&NewLine;<p><strong>8&period;10<&sol;strong><strong><u>SPECIFIC OBJECTIVES<&sol;u><&sol;strong><&sol;p>&NewLine;<p>By the end of the topic&comma; the learner should be able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; identify the various forms of business units<&sol;li>&NewLine;<li>b&rpar; explain the characteristics of each form of business unit<&sol;li>&NewLine;<li>c&rpar; discuss the formation and management of each form of business unit<&sol;li>&NewLine;<li>d&rpar; discuss the sources of capital for each form of business unit<&sol;li>&NewLine;<li>e&rpar; discuss the role of stock exchange as a market for securities<&sol;li>&NewLine;<li>f&rpar; explain the advantages and disadvantages of each form of business unit<&sol;li>&NewLine;<li>g&rpar; recognize the circumstances under which the various forms of business units may be dissolved&period;<&sol;li>&NewLine;<li>&NewLine;h&rpar; discuss trends in business ownership&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>8&period;20<strong>  CONTENT<&sol;strong><&sol;p>&NewLine;<p>8&period;21 Business units<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; Sole proprietorships<&sol;li>&NewLine;<li>b&rpar; Partnerships<&sol;li>&NewLine;<li>c&rpar; Co-operatives<&sol;li>&NewLine;<li>d&rpar; Private companies<&sol;li>&NewLine;<li>e&rpar; Public companies<&sol;li>&NewLine;<li>f&rpar; Public corporations<&sol;li>&NewLine;<li>g&rpar; Parastatals<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>8&period;22 Features of each form of business unit<&sol;p>&NewLine;<p>8&period;23 Formation and management of each form of business unit<&sol;p>&NewLine;<p>8&period;24 Sources of capital for each form of business unit<&sol;p>&NewLine;<p>8&period;25 Role of stock exchange market as a market for securities<&sol;p>&NewLine;<p>8&period;26 Advantages and disadvantages of each form of business unit<&sol;p>&NewLine;<p>8&period;27 Dissolution of business units<&sol;p>&NewLine;<p>8&period;28 Trends in business ownership e&period;g&period;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; Globalization<&sol;li>&NewLine;<li>b&rpar; Amalgamation&sol;mergers<&sol;li>&NewLine;<li>c&rpar; Privatization<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong>10&period;00  GOVERN&bsol;IENT AND BUSINESS<&sol;strong><strong> &lpar;12 LESSONS&rpar;<&sol;strong><&sol;p>&NewLine;<p><strong>9&period;10<&sol;strong><strong>  SPECIFIC OBJECTIVES<&sol;strong><&sol;p>&NewLine;<p>By the end of the topic&comma; the learner should be able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; explain reasons for Government involvement in business<&sol;li>&NewLine;<li>b&rpar; explain how the Government gets involved in business<&sol;li>&NewLine;<li>c&rpar; discuss the merits and demerits of government involvement in business<br &sol;>&NewLine;activities<&sol;li>&NewLine;<li>d&rpar; discuss the importance of consumer protection&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>9&period;20<strong> CONTENT<&sol;strong><&sol;p>&NewLine;<p>9&period;21 Government involvement in business activities<&sol;p>&NewLine;<p>9&period;22 Government involvement in business e&period;g&period;<br &sol;>&NewLine;a&rpar; Regulations<&sol;p>&NewLine;<ol>&NewLine;<li>b&rpar; Training<&sol;li>&NewLine;<li>c&rpar; Trade promotion<&sol;li>&NewLine;<li>d&rpar; Provision of public utilities<&sol;li>&NewLine;<li>e&rpar; Enabling environment<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>9&period;23    Merits and demerits of Government involvement in business<&sol;p>&NewLine;<p>9&period;24    Consumer protection<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; Need for consumer protection<&sol;li>&NewLine;<li>b&rpar; Methods of consumer protection<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong>1<&sol;strong><strong>0<&sol;strong><strong>&period;00  TRANSPORT<&sol;strong><strong> &lpar;12 LESSONS&rpar;<&sol;strong><&sol;p>&NewLine;<p><strong>10&period;10<&sol;strong><strong> SPECIFIC OBJECTIVES<&sol;strong><&sol;p>&NewLine;<p>By the end of the topic&comma; the learner should be able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; explain the meaning and importance of transport to business<&sol;li>&NewLine;<li>b&rpar; explain the essential elements of transport<&sol;li>&NewLine;<li>c&rpar; describe the modes and means of transport<&sol;li>&NewLine;<li>d&rpar; discuss advantages and disadvantages of each means of transport<&sol;li>&NewLine;<li>e&rpar; discuss the factors which influence choice of appropriate means of transport<&sol;li>&NewLine;<li>f&rpar; discuss trends of transport&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>10&period;20<strong>  CONTENT<&sol;strong><&sol;p>&NewLine;<p>10&period;21   Meaning and importance of transport<&sol;p>&NewLine;<p>10&period;22   Essentials of transport<&sol;p>&NewLine;<p>10&period;23  Modes and means of transport<&sol;p>&NewLine;<p>10&period;24   Advantages and disadvantages of each means of transport<&sol;p>&NewLine;<p>10&period;25   Choice of appropriate means of transport<&sol;p>&NewLine;<p>10&period;26   Trends in transport e&period;g&period;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; Containerization<&sol;li>&NewLine;<li>b&rpar; Pipeline<&sol;li>&NewLine;<&sol;ol>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong>1<&sol;strong><strong>1<&sol;strong><strong>&period;00  COMMUNICATION<&sol;strong><strong> &lpar;12 LESSONS&rpar;<&sol;strong><&sol;p>&NewLine;<p><strong>11&period;10<&sol;strong><strong><u>SPECIFIC OBJECTIVES<&sol;u><&sol;strong><&sol;p>&NewLine;<p>By the end of the topic&comma; the learner should be able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; explain the meaning and importance of communication<&sol;li>&NewLine;<li>b&rpar; describe the lines of communication<&sol;li>&NewLine;<li>c&rpar; explain the essential of effective communication<&sol;li>&NewLine;<li>d&rpar; discuss the advantages and disadvantages of each means of communication<&sol;li>&NewLine;<li>e&rpar; discuss the factors that influence choice of an appropriate means of communication<&sol;li>&NewLine;<li>f&rpar; identify the barriers to effective communication<&sol;li>&NewLine;<li>g&rpar; discuss services that facilitate communication<br &sol;>&NewLine;h&rpar; discuss trends in communication&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong>11&period;20<&sol;strong><strong><u>CONTENT<&sol;u><&sol;strong><&sol;p>&NewLine;<p>11&period;21   Meaning and importance of communication<&sol;p>&NewLine;<p>11&period;22  Lines of communication<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; Vertical&sol;horizontal<&sol;li>&NewLine;<li>b&rpar; Formal and informal<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>11&period;23   Essential of effective communication<&sol;p>&NewLine;<p>11&period;24   Barriers to effective communication<&sol;p>&NewLine;<p>11&period;25  Forms and means of communication<&sol;p>&NewLine;<p>11&period;26  Advantages and disadvantages of communication<&sol;p>&NewLine;<p>11&period;27   Choice of an appropriate means of communication<&sol;p>&NewLine;<p>11&period;28   Services that facilitate communication e&period;g&period; courier&comma; postal&comma; telecommunication<&sol;p>&NewLine;<p>11&period;29  Trends in communication e&period;g&period;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; Facsimile &lpar;fax&rpar;<&sol;li>&NewLine;<li>b&rpar; Development in the internet e&period;g&period; e-mail&semi; e-commerce<&sol;li>&NewLine;<li>c&rpar; Cell-phones<&sol;li>&NewLine;<&sol;ol>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong>1<&sol;strong><strong>2<&sol;strong><strong>&period;00  WAREHOUSING<&sol;strong><strong> &lpar;6 LESSONS&rpar;<&sol;strong><&sol;p>&NewLine;<p><strong>12&period;10<&sol;strong><strong>  SPECIFIC OBJECTIVES<&sol;strong><&sol;p>&NewLine;<p>By the end of the topic&comma; the learner should be able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; explain the meaning and importance of ware housing to business<&sol;li>&NewLine;<li>b&rpar; discuss the essentials of a warehouse<&sol;li>&NewLine;<li>c&rpar; identify the various types of warehouse<&sol;li>&NewLine;<li>d&rpar; explain the advantages and disadvantages of each type of warehouse&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p><strong>12&period;20<&sol;strong><strong><u>CONTENT<&sol;u><&sol;strong><&sol;p>&NewLine;<p>12&period;21   Meaning and importance of warehousing<&sol;p>&NewLine;<p>12&period;22   Essentials of a warehouse<&sol;p>&NewLine;<p>12&period;23  Types of warehouses<&sol;p>&NewLine;<p>12&period;24  Advantages and disadvantages of each type of warehouse<&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>1<&sol;strong><strong>3<&sol;strong><strong>&period;00  INSURANCE<&sol;strong><strong> &lpar;12 LESSONS&rpar;<&sol;strong><&sol;p>&NewLine;<p><strong>13&period;10<&sol;strong><strong><u>SPECIFIC OBJECTIVES<&sol;u><&sol;strong><&sol;p>&NewLine;<p>By the end of the topic&comma; the learner should be able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; explain meaning and concept of insurance<&sol;li>&NewLine;<li>b&rpar; discuss the meaning and importance of insurance<&sol;li>&NewLine;<li>c&rpar; explain terms used in insurance<&sol;li>&NewLine;<li>d&rpar; explain the principles of insurance<&sol;li>&NewLine;<li>e&rpar; distinguish between the classes of insurance<&sol;li>&NewLine;<li>f&rpar; explain the meaning of re-insurance and co-insurance<&sol;li>&NewLine;<li>g&rpar; describe procedures of obtaining an insurance policy<&sol;li>&NewLine;<li>h&rpar; describe the procedure of making an insurance claim&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>13&period;20<strong><u>CONTENT<&sol;u><&sol;strong><&sol;p>&NewLine;<p>13&period;21   Meaning and concept of insurance<&sol;p>&NewLine;<p>13&period;22  Importance of insurance<&sol;p>&NewLine;<p>13&period;23   Terms used in insurance<&sol;p>&NewLine;<p>13&period;24   Principles of insurance<&sol;p>&NewLine;<p>13&period;25   Classes of insurance<&sol;p>&NewLine;<p>13&period;26   Re-insurance and co-insurance<&sol;p>&NewLine;<p>13&period;27   Obtaining an insurance policy<&sol;p>&NewLine;<p>13&period;28   Making an insurance claim<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong>1<&sol;strong><strong>4<&sol;strong><strong>&period;00  PRODUCT PROMOTION<&sol;strong><strong> &lpar;12 LESSONS&rpar;<&sol;strong><&sol;p>&NewLine;<p><strong>14&period;10<&sol;strong><strong><u>SPECIFIC OBJECTIVES<&sol;u><&sol;strong><&sol;p>&NewLine;<p>By the end of the topic&comma; the learner should be able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; explain the meaning of a product<&sol;li>&NewLine;<li>b&rpar; explain the meaning and importance of product promotion<&sol;li>&NewLine;<li>c&rpar; explain the various methods of product promotion<&sol;li>&NewLine;<li>d&rpar; explain the advantages and disadvantages of each method of product promotion<&sol;li>&NewLine;<li>e&rpar; discuss factors which influence choice of promotion method<&sol;li>&NewLine;<li>f&rpar; recognize the need for ethical practices in product promotion<&sol;li>&NewLine;<li>g&rpar; discuss trends in product promotion&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>14&period;20<&sol;strong><strong><u>CONTENT<&sol;u><&sol;strong><&sol;p>&NewLine;<p>14&period;21   Meaning of a product<&sol;p>&NewLine;<p>14&period;22  Meaning and importance of product promotion<&sol;p>&NewLine;<p>14&period;23  Methods of product promotion<&sol;p>&NewLine;<p>14&period;24  Advantages and disadvantages of each method of product promotion<&sol;p>&NewLine;<p>14&period;25  Choice of promotion method<&sol;p>&NewLine;<p>14&period;26  Ethical issues in product promotion<&sol;p>&NewLine;<p>14&period;27 Trends in product promotion<&sol;p>&NewLine;<p><strong>FORM III &&num;8211&semi; KENYA BUSINESS STUDIES<&sol;strong><&sol;p>&NewLine;<p><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form3&sol;Demand&sol;Demand&percnt;20and&percnt;20Supply&period;htm"><strong>1<&sol;strong><strong>5<&sol;strong><strong>&period;00  Demand and Suppl<&sol;strong><strong>y &lpar;20 Lessons&rpar;<&sol;strong><&sol;a><&sol;p>&NewLine;<p><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form3&sol;Firm&sol;Size&percnt;20and&percnt;20Location&percnt;20of&percnt;20a&percnt;20Firm&period;htm"><strong>16&period;00 Size and Location of a Firm &lpar;14 Lessons&rpar;<&sol;strong><&sol;a><&sol;p>&NewLine;<p><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form3&sol;Markets&sol;Product&percnt;20Markets&period;htm"><strong>1<&sol;strong><strong>7<&sol;strong><strong>&period;00  ProductMarke<&sol;strong><strong>ts &lpar;10 Lessons&rpar;<&sol;strong><&sol;a><&sol;p>&NewLine;<p><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form3&sol;Chain&sol;Chain&percnt;20of&percnt;20Distribution&period;htm"><strong>1<&sol;strong><strong>8<&sol;strong><strong>&period;00  Chain of Distributio<&sol;strong><strong>n &lpar;6 Lessons&rpar;<&sol;strong><&sol;a><&sol;p>&NewLine;<p><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form3&sol;National&sol;National&percnt;20Income&period;htm"><strong>19<&sol;strong><strong>&period;00  NationalIncom<&sol;strong><strong>e &lpar;20 Lessons&rpar;<&sol;strong><&sol;a><&sol;p>&NewLine;<p><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form3&sol;Population&sol;Population&percnt;20and&percnt;20Employment&period;htm"><strong>2<&sol;strong><strong>0<&sol;strong><strong>&period;00  Population and Employmen<&sol;strong><strong>t &lpar;10 Lessons&rpar;<&sol;strong><&sol;a><&sol;p>&NewLine;<p><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form3&sol;NetWorth&sol;Net&percnt;20worth&percnt;20of&percnt;20a&percnt;20Business&period;htm"><strong>2<&sol;strong><strong>1<&sol;strong><strong>&period;00   Net Worth <&sol;strong><strong>o<&sol;strong><strong>f <&sol;strong><strong>a <&sol;strong><strong> <&sol;strong><strong>Business &lpar;8 Lessons&rpar;<&sol;strong><&sol;a><&sol;p>&NewLine;<p><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form3&sol;Transactions&sol;Business&percnt;20Transactions&period;htm"><strong>2<&sol;strong><strong>2<&sol;strong><strong>&period;00  Business Transaction<&sol;strong><strong>s &lpar;12 Lessons&rpar;<&sol;strong><&sol;a><&sol;p>&NewLine;<p><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form3&sol;Ledger&sol;The&percnt;20Ledger&period;htm"><strong>2<&sol;strong><strong>3<&sol;strong><strong>&period;00  The Ledge<&sol;strong><strong>r &lpar;16 Lessons&rpar;<&sol;strong><&sol;a><&sol;p>&NewLine;<p><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form3&sol;Cashbk&sol;CashBk&period;htm"><strong>2<&sol;strong><strong>4<&sol;strong><strong>&period;00  The Cash Boo<&sol;strong><strong>k &lpar;8 Lessons&rpar;<&sol;strong><&sol;a><&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>1<&sol;strong><strong>5<&sol;strong><strong>&period;00  DEMAND AND SUPPLY<&sol;strong><strong> &lpar;20 LESSONS&rpar;<&sol;strong><&sol;p>&NewLine;<p><strong>15&period;10<&sol;strong><strong><u>SPECIFIC OBJECTIVES<&sol;u><&sol;strong><&sol;p>&NewLine;<p>By the end of the topic&comma; the learner should be able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; explain the meaning of demand<&sol;li>&NewLine;<li>b&rpar; explain the factors which influence demand for a product<&sol;li>&NewLine;<li>c&rpar; distinguish between derived demand and joint demand<&sol;li>&NewLine;<li>d&rpar; derive a demand curve from a demand schedule<&sol;li>&NewLine;<li>e&rpar; distinguish between movement along a demand curve and shift in the demand curve<&sol;li>&NewLine;<li>f&rpar; explain the meaning of supply<&sol;li>&NewLine;<li>g&rpar; explain the factors which influence supply of a product<&sol;li>&NewLine;<li>h&rpar; derive a supply curve from a supply schedule<&sol;li>&NewLine;<li>i&rpar; distinguish between movement along a supply curve and shift in supply curve<&sol;li>&NewLine;<li>j&rpar; determine equilibrium price and quantity<&sol;li>&NewLine;<li>k&rpar; discuss the effect of excess demand and excess supply in the market<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>l&rpar;explain the effect of a shift in demand curve on equilibrium price and equilibrium quantity<&sol;p>&NewLine;<ol>&NewLine;<li>m&rpar; explain the effect of a shift in supply curve on equilibrium price and equilibrium quantity<&sol;li>&NewLine;<li>n&rpar; explain other methods of determining price of a product&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p><strong>15&period;20<&sol;strong><strong><u>CONTENT<&sol;u><&sol;strong><&sol;p>&NewLine;<p>15&period;21  Meaning of demand<&sol;p>&NewLine;<p>15&period;22   Factors which influence demand for a product<&sol;p>&NewLine;<p>15&period;23  Derived demand and joint demand<&sol;p>&NewLine;<p>15&period;24  Demand schedule and demand curve<&sol;p>&NewLine;<p>15&period;25  Movement along a demand curve and shift in a demand curve<&sol;p>&NewLine;<p>15&period;26  Meaning of supply<&sol;p>&NewLine;<p>15&period;27   Factors which influence supply of a product<&sol;p>&NewLine;<p>15&period;28   Supply schedule and supply curve<&sol;p>&NewLine;<p>15&period;29   Movement along a supply curve and shift in a supply curve<&sol;p>&NewLine;<p>15&period;30   Equilibrium price and quantity<&sol;p>&NewLine;<p>15&period;31   Excess demand and excess supply<&sol;p>&NewLine;<p>15&period;32   Effects of shift in a demand curve and shift in a supply curve on equilibrium price and quantity<&sol;p>&NewLine;<p>15&period;33   Other methods of determining price of a product&period;<&sol;p>&NewLine;<p>N&period;B&colon; <em>Only normal demand and normal supply curves should be discussed in Topic 15&period;00<&sol;em><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong>1<&sol;strong><strong>6<&sol;strong><strong>&period;00  <&sol;strong><strong>SIZE AND LOCATION OF A<&sol;strong><strong> FIRM<&sol;strong><strong> &lpar;14 LESSONS&rpar;<&sol;strong><&sol;p>&NewLine;<p><strong>16&period;10<&sol;strong><strong><u>SPECIFIC OBJECTIVES<&sol;u><&sol;strong><&sol;p>&NewLine;<p>By the end of the topic&comma; the learner should be able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; distinguish between a firm and an industry<&sol;li>&NewLine;<li>b&rpar; discuss the factors which influence the decision on what goods and services to produce<&sol;li>&NewLine;<li>c&rpar; describe the criteria of determining the size of a firm<&sol;li>&NewLine;<li>d&rpar; explain the factors that influence the location of a firm<&sol;li>&NewLine;<li>e&rpar; discuss advantages and disadvantages of localization and delocalization of firms<&sol;li>&NewLine;<li>f&rpar; discuss the economies and diseconomies of scale&period;<&sol;li>&NewLine;<li>g&rpar; justify the reasons for existence of small firms<&sol;li>&NewLine;<li>h&rpar; discuss the implications of production activities on the environment and community health<&sol;li>&NewLine;<li>i&rpar; recognize the need for maintaining a healthy environment&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p><strong>16&period;20<&sol;strong><strong><u>CONTENT<&sol;u><&sol;strong><&sol;p>&NewLine;<p>16&period;21   The concept of a firm and an industry<&sol;p>&NewLine;<p>16&period;22   Decision on what goods and services to produce<&sol;p>&NewLine;<p>16&period;23   Determining the size of a firm<&sol;p>&NewLine;<p>16&period;24   Location of a firm<&sol;p>&NewLine;<p>16&period;25   Localization and delocalization of firms in an economy<&sol;p>&NewLine;<p>16&period;26   Economies and diseconomies of scale<&sol;p>&NewLine;<p>16&period;27  Existence of small firms in an economy<&sol;p>&NewLine;<p>16&period;28   Implications of production activities on the environment and community health<&sol;p>&NewLine;<p>16&period;29   Maintain healthy environments<&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong>18&period;00  PRODUCT MARKETS<&sol;strong><strong> &lpar;10 LESSONS&rpar;<&sol;strong><&sol;p>&NewLine;<p><strong>17&period;10<&sol;strong><strong>   Specific Objectives<&sol;strong><&sol;p>&NewLine;<p>By the end of this topic the learner should be able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; explain the meaning of a market<&sol;li>&NewLine;<li>b&rpar; explain the meaning of product market<&sol;li>&NewLine;<li>c&rpar; discuss the features of various types of product markets&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong>17&period;20<&sol;strong><strong> CONTENT<&sol;strong><&sol;p>&NewLine;<p>17&period;21 Meaning of a market<&sol;p>&NewLine;<p>17&period;22 Meaning of product market<&sol;p>&NewLine;<p>17&period;23 Features of various types of product markets<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>19&period;00  CHAIN OF DISTRIBUTION<&sol;strong><strong> &lpar;6 LESSONS&rpar;<&sol;strong><&sol;p>&NewLine;<p><strong>18&period;10<&sol;strong><strong><u>SPECIFIC OBJECTIVES<&sol;u><&sol;strong><&sol;p>&NewLine;<p>By the end of the topic&comma; the learner should be able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; explain the meaning of distribution<&sol;li>&NewLine;<li>b&rpar; describe the various channels of distribution<&sol;li>&NewLine;<li>c&rpar; discuss the role of intermediaries in the distribution chain<&sol;li>&NewLine;<li>d&rpar; discuss the factors which may influence choice of a distribution channel&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>18&period;20<&sol;strong><strong><u>CONTENT<&sol;u><&sol;strong><&sol;p>&NewLine;<p>18&period;21 Meaning o f distribution<&sol;p>&NewLine;<p>18&period;22 Channels of distribution<&sol;p>&NewLine;<p>18&period;23 Intermediaries in the distribution chain<&sol;p>&NewLine;<p>18&period;24 Distribution of various products<&sol;p>&NewLine;<p>18&period;25 Choosing a distribution channel<&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong>19<&sol;strong><strong>&period;00  NATIONAL INCOME<&sol;strong><strong> &lpar;20 LESSONS&rpar;<&sol;strong><&sol;p>&NewLine;<p><strong>19&period;10<&sol;strong><strong><u>SPECIFIC OBJECTIVES<&sol;u><&sol;strong><&sol;p>&NewLine;<p>By the end of the topic&comma; the learner should be able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; explain the meaning of national income<&sol;li>&NewLine;<li>b&rpar; describe the circular flow of income<&sol;li>&NewLine;<li>c&rpar; explain the methods of measuring national income<&sol;li>&NewLine;<li>d&rpar; explain the problems encountered in measuring national income<&sol;li>&NewLine;<li>e&rpar; discuss the uses of national income statistics<&sol;li>&NewLine;<li>f&rpar; discuss the factors that influence the level of national income&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p><strong>19&period;20<&sol;strong><strong><u>CONTENT<&sol;u><&sol;strong><&sol;p>&NewLine;<p>19&period;21  Meaning of national income<&sol;p>&NewLine;<p>19&period;22  The circular flow of income<&sol;p>&NewLine;<p>19&period;23  Methods of measuring national income<&sol;p>&NewLine;<p>19&period;24  Problems encountered in measuring national income<&sol;p>&NewLine;<p>19&period;25   Uses of national income statistics<&sol;p>&NewLine;<p>19&period;26  Factors which influence the level of national income<&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong>2<&sol;strong><strong>0<&sol;strong><strong>&period;00  POPULATION AND EMPLOYMENT<&sol;strong><strong> &lpar;10 LESSONS&rpar;<&sol;strong><&sol;p>&NewLine;<p><strong>20&period;10<&sol;strong><strong> SPECIFIC OBJECTIVES<&sol;strong><&sol;p>&NewLine;<p>By the end of the topic&comma; the learner should be able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; explain the basic concepts in population<&sol;li>&NewLine;<li>b&rpar; explain the implications of population size and structure on the development of a country<&sol;li>&NewLine;<li>c&rpar; explain the meaning of employment and unemployment<&sol;li>&NewLine;<li>d&rpar; discuss the various types and causes of unemployment<&sol;li>&NewLine;<li>e&rpar; discuss the measures that may be taken to solve unemployment problems&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p><strong>20&period;20<&sol;strong><strong><u>CONTENT<&sol;u><&sol;strong><&sol;p>&NewLine;<p>20&period;21  Basic concepts in population e&period;g&period;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; Fertility<&sol;li>&NewLine;<li>b&rpar; Mortality<&sol;li>&NewLine;<li>c&rpar; Growth rate<&sol;li>&NewLine;<li>d&rpar; Optimum population<&sol;li>&NewLine;<li>e&rpar; Over-population<&sol;li>&NewLine;<li>f&rpar; Under-population<&sol;li>&NewLine;<li>g&rpar; Young population<&sol;li>&NewLine;<li>h&rpar; Ageing population<&sol;li>&NewLine;<li>i&rpar; Declining population<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>20&period;22   Implication of population size and structure on development<&sol;p>&NewLine;<p>20&period;23  Employment and unemployment<&sol;p>&NewLine;<p>20&period;24  Types and causes of unemployment<&sol;p>&NewLine;<p>20&period;25  Solving unemployment problems<&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong>21&period;0 NET WORTH OF A BUSINESS<&sol;strong><&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong>23&period;00  BUSINESS TRANSACTIONS<&sol;strong><strong> &lpar;12 LESSONS&rpar;<&sol;strong><&sol;p>&NewLine;<p><strong>22&period;10<&sol;strong><strong><u>SPECIFIC OBJECTIVES<&sol;u><&sol;strong><&sol;p>&NewLine;<p>By the end of the topic&comma; the learner should be able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; explain the meaning of a business transaction<&sol;li>&NewLine;<li>b&rpar; distinguish between cash and credit transaction<&sol;li>&NewLine;<li>c&rpar; determine the effects of transactions on the balance sheet<&sol;li>&NewLine;<li>d&rpar; discuss causes of changes in capital<&sol;li>&NewLine;<li>e&rpar; determine the initial and final capital of a business&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p><strong>22&period;20<&sol;strong><strong> CONTENT<&sol;strong><&sol;p>&NewLine;<p>22&period;21   Meaning of a business transaction<&sol;p>&NewLine;<p>22&period;22   Cash and credit transactions<&sol;p>&NewLine;<p>22&period;23   Effects of transactions on the balance sheet<&sol;p>&NewLine;<p>22&period;24   Causes of changes in capital<&sol;p>&NewLine;<p>22&period;25   Initial and final capital of a business<&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong>23&period;0 THE LEDGER&lpar;16 Lessons&rpar;<&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong>25&period;00  THE CASH BOOK<&sol;strong><strong> &lpar;8 LESSONS&rpar;<&sol;strong><&sol;p>&NewLine;<p><strong>24&period;10<&sol;strong><strong> SPECIFIC OBJECTIVES<&sol;strong><&sol;p>&NewLine;<p>By the end of the topic&comma; the learner should able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; explain the meaning and purpose of a cash book<&sol;li>&NewLine;<li>b&rpar; distinguish between the basic types of cash books<&sol;li>&NewLine;<li>c&rpar; explain the term contra entry<&sol;li>&NewLine;<li>d&rpar; prepare the various cash books&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p><strong>24&period;20<&sol;strong><strong><u>CONTENT<&sol;u><&sol;strong><&sol;p>&NewLine;<p>24&period;21 Meaning and purpose of a cash book<&sol;p>&NewLine;<p>24&period;22 Basic types of cash books<&sol;p>&NewLine;<p>24&period;23 Contra entry<&sol;p>&NewLine;<p>24&period;24 Preparation of a cash book<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; Single &&num;8211&semi; column<&sol;li>&NewLine;<li>b&rpar; Two &&num;8211&semi; column<&sol;li>&NewLine;<li>c&rpar; Three &&num;8211&semi; column<&sol;li>&NewLine;<&sol;ol>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<h1><&sol;h1>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>FORM IV KENYA &&num;8211&semi; BUSINESS STUDIES SYLLABUS<&sol;strong><&sol;p>&NewLine;<p><strong>25&period;00 <&sol;strong><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form4&sol;Source&lowbar;Docs&sol;Source&percnt;20Documents&percnt;20and&percnt;20Books&percnt;20of&percnt;20Origin&period;htm"><strong>Sources Documents and Books of Original Entry<&sol;strong><&sol;a><&sol;p>&NewLine;<p><strong>26&period;00 <&sol;strong><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form4&sol;Fin&lowbar;Statements&sol;Financial&percnt;20Statements&period;htm"><strong>Financial Statements<&sol;strong><&sol;a><&sol;p>&NewLine;<p><strong>27&period;00 <&sol;strong><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form4&sol;Money&sol;Moneyand&percnt;20Banking&period;htm"><strong>Money and Banking<&sol;strong><&sol;a><&sol;p>&NewLine;<p><strong>28&period;00 <&sol;strong><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form4&sol;Public&lowbar;Fin&sol;Public&percnt;20Finance&period;htm"><strong>Public Finance<&sol;strong><&sol;a><&sol;p>&NewLine;<p><strong>29&period;00 <&sol;strong><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form4&sol;Inflation&sol;Inflation&period;htm"><strong>Inflation<&sol;strong><&sol;a><&sol;p>&NewLine;<p><strong>30&period;00<&sol;strong><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form4&sol;Int&lowbar;Trade&sol;International&percnt;20Trade&period;htm"><strong> International Trade<&sol;strong><&sol;a><&sol;p>&NewLine;<p><strong>31&period;00 <&sol;strong><a href&equals;"http&colon;&sol;&sol;www&period;elimu&period;net&sol;Secondary&sol;Kenya&sol;KCSE&lowbar;Student&sol;Business&sol;Form4&sol;Econ&lowbar;Plan&sol;Econ&lowbar;Plan&period;htm"><strong>Economic Development and Planning<&sol;strong><&sol;a><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong>2<&sol;strong><strong>5<&sol;strong><strong>&period;00  SOURCE DOCUMENTS AND BOOKS OF ORIGINAL ENTRY<&sol;strong><&sol;p>&NewLine;<p><strong>25&period;10<&sol;strong><strong><u>SPECIFIC OBJECTIVES<&sol;u><&sol;strong><&sol;p>&NewLine;<p>By the end of the topic&comma; the learner should be able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; explain the meaning of the term source documents<&sol;li>&NewLine;<li>b&rpar; identify the various source documents used to record business transactions<&sol;li>&NewLine;<li>c&rpar; discuss the various books of original entry<&sol;li>&NewLine;<li>d&rpar; explain the meaning of the term journal<&sol;li>&NewLine;<li>e&rpar; record information in the relevant journal from the source documents<&sol;li>&NewLine;<li>f&rpar; post information from journals to the relevant ledger accounts&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>25&period;20<strong><u>CONTENT<&sol;u><&sol;strong><&sol;p>&NewLine;<p>25&period;21   Source documents<&sol;p>&NewLine;<p>25&period;22   Different source documents used in recording business transaction<&sol;p>&NewLine;<p>25&period;23   Books of original entry<&sol;p>&NewLine;<p>25&period;24 The journal<&sol;p>&NewLine;<p>25&period;25   Recording information in the relevant journals from source documents<&sol;p>&NewLine;<p>25&period;26  Posting information to the relevant ledger accounts from various journals<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>2<&sol;strong><strong>6<&sol;strong><strong>&period;0<&sol;strong><strong>&period;<&sol;strong><strong>0  FINANCIAL STATEMENTS<&sol;strong><&sol;p>&NewLine;<p><strong>26&period;10<&sol;strong><strong><u>SPECIFIC OBJECTIVES<&sol;u><&sol;strong><&sol;p>&NewLine;<p>By the end of the topic&comma; the learner should be able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; identify the various financial statements<&sol;li>&NewLine;<li>b&rpar; explain the importance of each of the financial statements<&sol;li>&NewLine;<li>c&rpar; explain the concept of trading period<&sol;li>&NewLine;<li>d&rpar; prepare simple Financial Statements<&sol;li>&NewLine;<li>e&rpar; explain the various types of capital<&sol;li>&NewLine;<li>f&rpar; calculate basic ratios from financial statements<&sol;li>&NewLine;<li>g&rpar; explain the importance of each of the basic financial ratios&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>26&period;20<&sol;strong><strong><u>CONTENT<&sol;u><&sol;strong><&sol;p>&NewLine;<p>26&period;21 Financial Statements<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; Trading account<&sol;li>&NewLine;<li>b&rpar; Profit and loss account<&sol;li>&NewLine;<li>c&rpar; Trading&comma; profit and loss account<&sol;li>&NewLine;<li>d&rpar; Balance sheet<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>26&period;22   Importance of the financial statements<&sol;p>&NewLine;<p>26&period;23   Concept of trading period<&sol;p>&NewLine;<p>26&period;24   Preparation of simple financial statements<&sol;p>&NewLine;<p>26&period;25   Types of capital<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; Working capital<&sol;li>&NewLine;<li>b&rpar; Borrowed capital<&sol;li>&NewLine;<li>c&rpar; Capital owned<&sol;li>&NewLine;<li>d&rpar; Capital employed<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>26&period;26   Calculating  basic financial ratios e&period;g<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; Margins and mark-ups<&sol;li>&NewLine;<li>b&rpar; Current ratio&sol; working capital ratio<&sol;li>&NewLine;<li>c&rpar; Rate of stock turn-over<&sol;li>&NewLine;<li>d&rpar; Return on capital<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>26&period;27   Importance of financial ratios<&sol;p>&NewLine;<p><strong><em>NB&colon; End year adjustments are not required in Topic 26&period;00<&sol;em><&sol;strong><&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong><u> <&sol;u><&sol;strong><&sol;p>&NewLine;<p><strong><u> <&sol;u><&sol;strong><&sol;p>&NewLine;<p><strong><u> <&sol;u><&sol;strong><&sol;p>&NewLine;<p><strong><u> <&sol;u><&sol;strong><&sol;p>&NewLine;<p><strong><u> <&sol;u><&sol;strong><&sol;p>&NewLine;<p><strong><u> <&sol;u><&sol;strong><&sol;p>&NewLine;<p><strong><u> <&sol;u><&sol;strong><&sol;p>&NewLine;<p><strong><u>27&period;00 MONEY AND BANKING<&sol;u><&sol;strong><&sol;p>&NewLine;<p><strong>27&period;10<&sol;strong><strong><u>SPECIFIC OBJECTIVES<&sol;u><&sol;strong><&sol;p>&NewLine;<p>By the end of the topic&comma; the learner should be able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; explain the meaning and limitations of barter trade<&sol;li>&NewLine;<li>b&rpar; explain the meaning and characteristics of money<&sol;li>&NewLine;<li>c&rpar; explain the functions of money<&sol;li>&NewLine;<li>d&rpar; explain demand for and supply of money<&sol;li>&NewLine;<li>e&rpar; describe the meaning of banking<&sol;li>&NewLine;<li>f&rpar; describe the development of banking<&sol;li>&NewLine;<li>g&rpar; explain the functions of commercial banks<&sol;li>&NewLine;<li>h&rpar; explain the main types of accounts offered by commercial banks<&sol;li>&NewLine;<li>i&rpar; explain the functions of non-bank financial institutions<&sol;li>&NewLine;<li>j&rpar; distinguish between commercial banks and non-bank financial institutions<&sol;li>&NewLine;<li>k&rpar; explain the functions of a Central Bank in an economy&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>l&rpar;discuss trends in banking&period;<&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong>27&period;20<&sol;strong><strong><u>CONTENT<&sol;u><&sol;strong><&sol;p>&NewLine;<p>27&period;21   Meaning and limitations of barter trade<&sol;p>&NewLine;<p>27&period;22   Meaning and characteristic of money<&sol;p>&NewLine;<p>27&period;23  Functions of money<&sol;p>&NewLine;<p>27&period;24  Demand for and supply of money<&sol;p>&NewLine;<p>27&period;25   Meaning of banking<&sol;p>&NewLine;<p>27&period;26  Development of banking<&sol;p>&NewLine;<p>27&period;27  Functions of commercial banks<&sol;p>&NewLine;<p>27&period;28   Types of accounts offered by commercial banks<&sol;p>&NewLine;<p>27&period;29   Functions of non-bank financial institutions<&sol;p>&NewLine;<p>27&period;30  The functions of the Central Bank in an economy<&sol;p>&NewLine;<p>27&period;31   Trends in banking<&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong>30&period;0<&sol;strong><strong>&period;<&sol;strong><strong>0  PUBLIC FINANCE<&sol;strong><&sol;p>&NewLine;<p><strong>28&period;10<&sol;strong><strong><u>SPECIFIC OBJECTIVES<&sol;u><&sol;strong><&sol;p>&NewLine;<p>By the end of the topic&comma; the learner should be able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; explain the meaning and purpose of public finance<&sol;li>&NewLine;<li>b&rpar; describe the various sources of public finance<&sol;li>&NewLine;<li>c&rpar; categorize government expenditure<&sol;li>&NewLine;<li>d&rpar; explain the principles of government expenditure<&sol;li>&NewLine;<li>e&rpar; explain the meaning and purpose of taxation<&sol;li>&NewLine;<li>f&rpar; explain the principles of taxation<&sol;li>&NewLine;<li>g&rpar; classify taxes<&sol;li>&NewLine;<li>h&rpar; explain the merits and demerits of each type of tax&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p><strong>28&period;20<&sol;strong><strong><u>CONTENT<&sol;u><&sol;strong><&sol;p>&NewLine;<p>28&period;21 Meaning and purpose of public finance<&sol;p>&NewLine;<p>28&period;22 Sources of public finance<&sol;p>&NewLine;<p>28&period;23 Categories of Government expenditure<&sol;p>&NewLine;<p>28&period;24 Principles of Government expenditure<&sol;p>&NewLine;<p>28&period;25 Meaning and purpose of taxation<&sol;p>&NewLine;<p>28&period;26 Principles of taxation<&sol;p>&NewLine;<p>28&period;27 Classification of taxes<&sol;p>&NewLine;<p>28&period;28 Merits and demerits of each type of tax<&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong> <&sol;strong><&sol;p>&NewLine;<p><strong>29<&sol;strong><strong>&period;0<&sol;strong><strong>&period;<&sol;strong><strong>0  INFLATION<&sol;strong><&sol;p>&NewLine;<p><strong>29&period;10<&sol;strong><strong> SPECIFIC OBJECTIVES<&sol;strong><&sol;p>&NewLine;<p>By the end of the topic&comma; the learner should be able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; explain the meaning of inflation<&sol;li>&NewLine;<li>b&rpar; determine consumer price index<&sol;li>&NewLine;<li>c&rpar; explain the various types of inflation<&sol;li>&NewLine;<li>d&rpar; discuss causes of each type of inflations<&sol;li>&NewLine;<li>e&rpar; explain the levels of inflation<&sol;li>&NewLine;<li>f&rpar; assess the effects of inflation in an economy<&sol;li>&NewLine;<li>g&rpar; discuss the methods of controlling inflation&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p><strong>29&period;20<&sol;strong><strong><u>CONTENT<&sol;u><&sol;strong><&sol;p>&NewLine;<p>29&period;21   Meaning of inflation<&sol;p>&NewLine;<p>29&period;22  Consumers price index<&sol;p>&NewLine;<p>29&period;23   Types of inflation<&sol;p>&NewLine;<p>29&period;24  Causes of inflation<&sol;p>&NewLine;<p>29&period;25   Levels of inflation<&sol;p>&NewLine;<p>29&period;26  Effects of inflation in an economy<&sol;p>&NewLine;<p>29&period;27   Controlling inflation<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>3<&sol;strong><strong>0<&sol;strong><strong>&period;0<&sol;strong><strong>&period;<&sol;strong><strong>0  INTERNATIONAL TRADE<&sol;strong><&sol;p>&NewLine;<p><strong>30&period;10<&sol;strong><strong> SPECIFIC OBJECTIVES<&sol;strong><&sol;p>&NewLine;<p>By the end of the topic&comma; the learner should be able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; explain the meaning of international trade<&sol;li>&NewLine;<li>b&rpar; explain the advantages and disadvantages of international trade<&sol;li>&NewLine;<li>c&rpar; discuss terms of trade&comma; balance of trade and balance of payments<&sol;li>&NewLine;<li>d&rpar; discuss the causes of balance of payments disequilibrium&period;<&sol;li>&NewLine;<li>e&rpar; discuss the measures that may be taken to correct the balance of payment disequilibrium<&sol;li>&NewLine;<li>f&rpar; explain the terms of sale in international trade<&sol;li>&NewLine;<li>g&rpar; describe the documents used in the international trade<&sol;li>&NewLine;<li>h&rpar; discuss the role of international financial institutions in international trade<&sol;li>&NewLine;<li>i&rpar; describe the various forms of economic integration<&sol;li>&NewLine;<li>j&rpar; recognize the importance of economic integration to a country<&sol;li>&NewLine;<li>k&rpar; explain the advantages and disadvantages of free trade<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>l&rpar;explain the reason for trade restrictions<&sol;p>&NewLine;<ol>&NewLine;<li>m&rpar; discuss the methods of trade restriction<&sol;li>&NewLine;<li>n&rpar; discuss the advantages and disadvantages of trade restriction<&sol;li>&NewLine;<li>o&rpar; discuss trends in international trade&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p><strong>30&period;20<&sol;strong><strong><u>CONTENT<&sol;u><&sol;strong><&sol;p>&NewLine;<p>30&period;21   Meaning of international trade<&sol;p>&NewLine;<p>30&period;22   Advantages and disadvantages of international trade<&sol;p>&NewLine;<p>30&period;23   Terms of trade&comma; balance of trade&comma; balance of payments<&sol;p>&NewLine;<p>30&period;24  Balance of payment disequilibrium<&sol;p>&NewLine;<p>30&period;25   Correcting balance of payment disequilibrium<&sol;p>&NewLine;<p>30&period;26   Terms of sale in international trade<&sol;p>&NewLine;<p>30&period;27  Documents used in international trade<&sol;p>&NewLine;<p>30&period;28   International financial institutions e&period;g&period;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; International Monetary Fund &lpar;IMF&rpar;<&sol;li>&NewLine;<li>b&rpar; Africa Development Bank &lpar;ADB&rpar;<&sol;li>&NewLine;<li>c&rpar; International Bank for Reconstruction and Development &lpar;World Bank&rpar;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>30&period;29  Forms of economic integration<&sol;p>&NewLine;<p>30&period;30  Importance of economic integration to a country<&sol;p>&NewLine;<p>30&period;31   Advantages and disadvantages of free trade<&sol;p>&NewLine;<p>30&period;32   Reasons for and methods of trade restriction<&sol;p>&NewLine;<p>30&period;33   Advantages and disadvantages of trade restrictions<&sol;p>&NewLine;<p>30&period;34   Trends in international trade e&period;g&period;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; Liberalization<&sol;li>&NewLine;<li>b&rpar; Export processing Zones &lpar;E&period;P&period;Z&rpar;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>33&period;0<&sol;strong><strong>&period;<&sol;strong><strong>0  ECONOMIC DEVELOPMENT AND PLANNING<&sol;strong><&sol;p>&NewLine;<p><strong>31&period;10<&sol;strong><strong>  SPECIFIC OBJECTIVES<&sol;strong><&sol;p>&NewLine;<p>By the end of the topic&comma; the learner should be able to&colon;<&sol;p>&NewLine;<ol>&NewLine;<li>a&rpar; distinguish between economic growth and economic development<&sol;li>&NewLine;<li>b&rpar; discuss the characteristics of under-development<&sol;li>&NewLine;<li>c&rpar; explain the goals of development<&sol;li>&NewLine;<li>d&rpar; discuss the factors which may hinder development<&sol;li>&NewLine;<li>e&rpar; explain the meaning of development planning<&sol;li>&NewLine;<li>f&rpar; recognize the need for development planning<&sol;li>&NewLine;<li>g&rpar; discuss problems encountered in development planning&period;<&sol;li>&NewLine;<&sol;ol>&NewLine;<p><strong>31&period;20<&sol;strong><strong><u>CONTENT<&sol;u><&sol;strong><&sol;p>&NewLine;<p>31&period;21  Meaning of economic growth and economic development<&sol;p>&NewLine;<p>31&period;22  Characteristic of under-development<&sol;p>&NewLine;<p>31&period;23  Goals of development<&sol;p>&NewLine;<p>31&period;24  Factors which hinder development<&sol;p>&NewLine;<p>31&period;25  Meaning of development planning<&sol;p>&NewLine;<p>31&period;26  Need for development planning<&sol;p>&NewLine;<p>31&period;27   Problems encountered in development planning&period;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>SUGGESTED LEARNING AND TEACHING EXPERIENCES<&sol;strong><&sol;p>&NewLine;<p>1&rpar; Discussions<&sol;p>&NewLine;<p>2&rpar; Explanations<&sol;p>&NewLine;<p>3&rpar; Questions and Answers<&sol;p>&NewLine;<p>4&rpar; Visits to relevant business environments<&sol;p>&NewLine;<p>5&rpar; Group work<&sol;p>&NewLine;<p>6&rpar; Debates<&sol;p>&NewLine;<p>7&rpar; Speeches from resource persons<&sol;p>&NewLine;<p>8&rpar; Case studies<&sol;p>&NewLine;<p>9&rpar; Role plays<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>Suggested Learning Teaching Resources<&sol;strong><&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p>&nbsp&semi;<&sol;p>&NewLine;<p><strong>ASSESSMENT AND EVALUATION<&sol;strong><&sol;p>&NewLine;<p>The subject will be assessed internally through tests&comma; assignments and observation&period; The Kenya National Examinations Council will evaluate the course at the end of four years via a national examination comprised of two papers&period; Paper I will be comprised of structured questions covering the whole syllabus&period; Paper 2 will be made up of essay type questions&comma; The candidates will be graded on the basis of a mean score achieved in the two papers&period; The marks obtained will makeup part of the grades appearing in the candidates’ certificate at the end of the course&period;<&sol;p>&NewLine;

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