Lesson Notes By Weeks and Term - Senior Secondary 2

Deregulation

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Term: 1st Term

Week: 9

Class: Senior Secondary School 2

Age: 16 years

Duration: 40 minutes of 2 periods each

Date:       

Subject:      Government

Topic:-       Deregulation

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

  1. Define deregulation
  2. State the advantages and disadvantages of deregulation

 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 privatization

Students pay attention

STEP 2

EXPLANATION

He defines deregulation 

Students pay attention and participates

STEP 3

DEMONSTRATION

He states the advantages and disadvantages of deregulation

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

DEREGULATION

According to Adegbemile 2007 deregulation can be described as an

economic reform in which rules and laws of entry and exit into the market is

weakened, relaxed or totally removed in order to enhance the

competitiveness of economic actors. It is the simplification or dismantling of

the legal and government restrictions in the operation of market force.

Simply put, it is an essential aspect of price and market reform which

entails private sector development through removal

of government restriction on private economic activities.

 

ADVANTAGES OF DEREGULATION

  1. Deregulation promotes healthy competition among competing firms.
  2. It creates several hundreds of jobs both skilled and unskilled.
  3. It encourages in flow of private and foreign direct investment into the deregulated sector.
  4. It will unlock the industrial sector of the economy as more investmewnt in the oil sector would see take off of new refineries.
  5. Tax proceeds from deregulation can be used to fund social welfare programme.
  6. The consumers are likely to enjoy lower price.
  7. Consumers have wide range of option to choose from thus promoting healthy rivalry.
  8. Government can generate saving by divesting in the sector.

 

DISADVANTAGES OF DEREGULATION

  1. Deregulation might lead to emergence of monopoly or oligopoly.
  2. There is possibility that weak organizations can be eliminated by stronger ones.
  3. It will lead to high prices of goods and services. For example, increase in price of petrol.
  4. It would lead to increase in prices of food and transportation.
  5. It can lead to massive unemployment.
  6. Production and workload are pushed to the limit often at the risk of life.

 

EVALUATION:    1. Define deregulation

  1. State the advantages and disadvantages of deregulation

CLASSWORK: As in evaluation

CONCLUSION: The teacher commends the students positively