Lesson Notes By Weeks and Term - Senior Secondary 2

Labour market

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Term: 1st Term

Week: 12

Class: Senior Secondary School 2

Age: 16 years

Duration: 40 minutes of 2 periods each

Date:       

Subject:      Economics

Topic:-       Labour market

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

  1. Define wage
  2. State and explain the types of wages
  3. Describe how wage can be determined
  4. Outline the factors that influence the level of wages

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 economic systems

Students pay attention

STEP 2

EXPLANATION

She explains the meaning of wage. She states and explains the types of wages

Students pay attention and participates

STEP 3

DEMONSTRATION

She describes how wage can be determined. She further outlines the factors that influence the level of wages

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

LABOUR MARKET

Wages can be defined as the rewards paid for the services rendering by Labour.

Daily, weekly or hours paid called wages while monthly paid called salary.

TYPES OF WAGES

  1. Nominal Wages: This is the total amount of money a worker is paid at a particular period of time.
  2. Real Wages: This is the purchasing power of Labour i.e the amount of goods and services the labour can use his money to buy.

We can determine the wage through the followings ways:

  1. Price System: i.e force of demand and supply
  2. Collective bargaining: This between Trade Union and employer.
  3. Government Activity and Policies

FACTORS THAT INFLUENCES THE LEVEL OF WAGES

  1. Period of Training
  2. The skill acquired at work
  3. Forces of demand and supply
  4. Role of Trade Union
  5. Level of productivity
  6. Sex consideration
  7. Risks involved in a job
  8. Government Policies.

EVALUATION:    1. Define wages

  1. State and explain the types of wages
  2. Describe three ways wages could be determined
  3. State five factors that influences the level of wages

 

CLASSWORK: As in evaluation

CONCLUSION: The teacher commends the students positively