SHS3 Economics · Semester 2 Week 12: Concept of Money, Financial Institutions and Public Finance

Lesson notes

Learning Objectives

Indicator: 3.4.2.LI.3 - Calculate the incidence of taxation for the producer and consumer.

By the end of the lesson, learners can:

Define tax incidence and distinguish between the tax burden borne by producers and that borne by consumers.
Explain how the price elasticity of demand and supply determines who bears a greater share of a tax.
Calculate the incidence of a specific tax on a producer and a consumer using given market data.
Use Microsoft Excel to compute tax incidence figures and present findings in a short group report.
Justify, with reasoning, whether a given tax policy in Ghana (for example, on imported goods or telecommunications) shifts more burden to consumers or producers.

Sign in with your phone number to read the full note and download the GES plan - free.

Sign in with phone number

Curriculum details

Strand: Government Economic Policy and Trade (Strand 4)
Sub-strand: Concept of Money, Financial Institutions and Public Finance (4.2)
Content standard: 3.4.2.CS.1 - Analyse national budget and national debt. 3.4.2.LO.1 Employ relevant information in the country to examine the national budget and debt.
Indicator: 3.4.2.LI.3 - Calculate the incidence of taxation for the producer and consumer.
Suggested placement: Semester 2, Week 12 (Week 32 of the year)
Our suggestion, laid out in curriculum order across three terms of twelve weeks. NaCCA does not fix the week, so follow your school's scheme of learning.
Curriculum reference: NaCCA curriculum document, p. 117

Exemplars (from the NaCCA curriculum)

Project-Based Learning: Use a sample tax data as a case study and work in small ability and mixed groups to identify the incidence of taxation for the producer and consumer. Present a project report on power points. Give equal opportunity to learners from poor economic background.
Assessment (3.4.2.AS.3). The document marks these depth-of-knowledge levels for this indicator: Level 4 Extended critical thinking and reasoning.
Teaching and Learning Resources:
- Markers
- White board
- Pens
- Exercise books
- Textbooks
- National budget
- Computers
- Projector
- ICT lab