Lesson Notes By Weeks and Term - Senior Secondary 1

Term: 2^nd Term

Week: 4

Class: Senior Secondary School 1

Age: 15 years

Duration: 40 minutes of 2 periods each

Date:       

Subject:      Economics

Topic:-       Firm and Industry

SPECIFIC OBJECTIVES: At the end of the lesson, pupils should be able to

1. Define “firm” and “industry”
2. List the types of business organizations

INSTRUCTIONAL TECHNIQUES: Identification, explanation, questions and answers, demonstration, videos from source

INSTRUCTIONAL MATERIALS: Videos, loud speaker, textbook, pictures

INSTRUCTIONAL PROCEDURES

PERIOD 1-2

PRESENTATION	TEACHER’S ACTIVITY	STUDENT’S ACTIVITY
STEP 1 INTRODUCTION	The teacher reviews the previous lesson on scale of production	Students pay attention
STEP 2 EXPLANATION	She explains the meaning of firm and industry.	Students pay attention and participates
STEP 3 DEMONSTRATION	She lists all the types of business organizations	Students pay attention and participate
STEP 4 NOTE TAKING	The teacher writes a summarized note on the board	The students copy the note in their books

 

NOTE

FIRM AND INDUSTRY

A Firm is the basic unit within which factors of production are organised for the purpose of producing wealth.

An industry is a group of firms producing similar products for the same market

 

TYPES AND BASIC FEATURES OF BUSINESS ENTERPRISE 

1. Sole proprietorship
2. Partnership
3. Private Limited Company
4. Public limited Company
5. Public Corporation
6. Co-operative Societies

 

EVALUATION:    1. Define “firm” and “industry”

2. List all the types of business organizations we have

CLASSWORK: As in evaluation

CONCLUSION: The teacher commends the students positively