Lesson Notes By Weeks and Term - Senior Secondary School 2

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  4. Public enterprises

Term: 1st Term

Week: 1

Class: Senior Secondary School 2

Age: 16 years

Duration: 40 minutes of 2 periods each

Date:       

Subject:    Commerce

Topic:-      Public enterprises

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

  1. Explain the meaning of public enterprises
  2. Describe how public enterprises are formed
  3. Discuss the forms of public enterprises

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 session’s work

Students pay attention

STEP 2

EXPLANATION

She explains the meaning of public enterprises

She describes how public enterprises are formed

Students pay attention and participates

STEP 3

DEMONSTRATION

She discusses the forms of public enterprises we have

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

PUBLIC ENTERPRISES
Public enterprises are business organizations established, managed and controlled by the government. They are also called Public corporations. Some popular examples are NPA, NAA, PHCN etc

 

HOW PUBLIC ENTERPRISES ARE FORMED

There are two ways public enterprises can be formed

  1. created by legislative act or decree
  2. Nationalization of private industries- this is when local/private industries are brought under the management of government

 

FORMS OF PUBLIC ENTERPRISES

  1. PUBLIC UTILITIES: These are government parastatals that provide essential services to the citizens at subsidized cost. This will ensure balance between social and economic objectives e.g. Water Corporation.
  2. POLITICAL BOARD: These are autonomous establishments which execute the policies of the government within a specific sector of the economy. An example is the Schools Management Board.
  3. COMMERCIAL ENTERPRISES: These are government owned bodies set up to create competitive environment and make profit from their operation. They are autonomous in structure and operation e.g. PHCN.

EVALUATION:   1. Define public enterprises

  1. Describe how public enterprises are formed
  2. Discuss the forms of public enterprises

CLASSWORK: As in evaluation

CONCLUSION: The teacher commends the students positively