User:Taukave/OER

=Resources=

Outcomes
By the end of this unit, students should be able to:

1. Identify different types of resources

2. Explain the concept of scarcity of resources

3. Differentiate between needs and wants

Resources
=Personal/Family Budgeting=

Outcomes
By the end of this unit, students should be able to:

1. Define essential terminology in budgeting. 2. Identify various components of the personal/family budget.

3. Explain the importance of preparing a budget.

4. Prepare a personal/family budget.

5. Calculate a balance budget, surplus budget and a deficit budget.

6. Explain and demonstrate the importance of keeping financial documents.

Essential terminologies
Lesson 1: /Terminologies/

Coverage: Personal budget, family budget, income, expenditure, fixed expenses, variable expenses, surplus, saving, deficit and balance.

Components of the personal/family budget
Lesson 1: Income Lesson 2: Expenditure (Fixed Expenses & Variable Expenses) Lesson 3: Budget Outcomes

Importance of having a budget
Lesson 1: Advantages of having a budget

Preparation of the personal/family budget
Lesson 1: Practical work

Calculations of budget outcomes
Lesson 1: Practical work

Financial documents
Lesson 1: Source documents Coverage: Cash register tapes, receipts, Cheque butts, payment vouchers and bank statement.

=Starting a small business=

Outcomes
By the end of this unit, students should be able to:

1.

Content
=Pricing=

Content
=Marketing=

Content
=Basic records keeping=