Types Of Supply-1

At the end of this lesson, the students should be able to understand the Types Of Supply

Factors Of Production 1

At the end of this lesson, the students should be able to understand the Factors Of Production

Factors Of Production 2

At the end of this lesson, the students should be able to understand the Factors Of Production

Economics-Revenue Concept

At the end of this lesson, the students should be able to understand the Economics-Revenue Concept

Cost Concepts

Distinguishing between the different cost concepts (variable, fixed, total, average, marginal, short-run, long-run).
Drawing different costs curve
Explaining the relationship between costs and production.

Theory of Production

Explain the concept/factors of production
State and explain the characteristics of each factor of production.
Explain the meaning of division of labour
State the difference between specialization and division of labour.
Identify the advantages, disadvantages and limitation of division of labour.
State the advantages and disadvantages of large scale production

Concept of Demand and Supply

The meaning of demand and supply, draw schedules and curves of a given commodity
The laws of demand and supply,
Determining equilibrium price and points for a commodity
The factors that affect the demand and supply for a commodity