Sub topics: Meaning and Basic Concept of National Income Reasons, Uses and Problems of National Income Accounting Mathematics of National Income Period 1: Meaning and Basic Concept of National Income Instructional objectives: By the end of the lesson, learners should be able to: Explain meaning of national income. Highlight various concept of national income. Explain methods of computing national income. Explain the following: GNP, GDP, NNP, NDP, PCI, standard of living, cost of living and disposable income Enumerate and explain methods of national income accounting: income, expenditure, and output methods
Sub topics: Advantages and Disadvantages of International Trade Division of International Trade Balance of Trade and Balance of Payments Procedures for International Trade