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LESSON PLAN-Economic Systems

The lesson plan summarizes a 60-minute commerce class for 10th grade students on the advantages and disadvantages of different economic systems. Students will review the basic economic questions of what, how, and for whom production takes place. They will then work in groups representing different economic systems to answer these questions. The teacher will lead a discussion on the advantages and disadvantages of each system and provide notes. Students will complete a worksheet comparing and contrasting the systems. Groups will then present their findings to conclude the lesson. The plan outlines activities, objectives, and adaptations for exceptional learners.

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chanese jean-pierre
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2K views6 pages

LESSON PLAN-Economic Systems

The lesson plan summarizes a 60-minute commerce class for 10th grade students on the advantages and disadvantages of different economic systems. Students will review the basic economic questions of what, how, and for whom production takes place. They will then work in groups representing different economic systems to answer these questions. The teacher will lead a discussion on the advantages and disadvantages of each system and provide notes. Students will complete a worksheet comparing and contrasting the systems. Groups will then present their findings to conclude the lesson. The plan outlines activities, objectives, and adaptations for exceptional learners.

Uploaded by

chanese jean-pierre
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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LESSON PLAN

Subject: Commerce Date:


Topic: Economic Systems Duration: 60 minutes
Advantages and Class:
Sub Topic: Disadvantages Grade 10
Lesson No. of Children:
Number: 2
Ability Range:

PRIOR KNOWLEDGE:
 Students should be familiar with the basic concept of the various economic systems.
RECOGNITION OF EXCEPTIONAL LEARNERS:
 Very quiet students (do not participate in class) as well as those students who work very
quickly and accurately. Perhaps treats will be offered to encourage the introverted students
to participate more and the usual additional worksheets will be provided for the students
who need them.
OBJECTIVES
At the end of the lesson students should be able to:
 Identify the three basic economic systems,
 Examine the three basic economic questions as it relates to economic systems,
 State the advantages and disadvantages of the systems
INSTRUCTIONAL RESOURCES (List of Materials, Charts, A/V Aids, etc.):
 White Board
 Markers
 Eraser
 Students Notes
 Students Activity Sheet
CONTENT (add attachments as necessary):
Economic Systems
Basic economic questions
No two countries that are organized in the same way. They all have to make certain decisions
which are influenced by political situations. Decisions of:
• What to produce?

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(eg. What quantity of food, machinery, or service should be produced?)
• How should it be produced?
What is the best way to combine the factors of production? Should automated or manual
methods be used? What technological equipment (eg. Computer) is required? Where should
production take place?
•For whom should production take place?
Should everyone be entitled to an equal share of production, or should some receive more than
others?
Economic Systems and the Basic Questions
1. Traditional Economy
What to produce, how it is to be produced and shared out, are not seen as economic problems
because these have been decided long ago by families, tribes or ethnic groups.

2. Market Economy

Individuals decide what to consume and how to spend their income, firms decide what and how
they should produce.

3. Command Economy

Government makes all economic decisions (including the what, how and whom of
production/three basic questions)

4. Mixed Economy

Both individuals and Government makes economic decisions

Advantages and Disadvantages of the Economic Systems

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INTRODUCTION (must be related to the topic):
Hot Potato - Teacher will play music; while music is playing students will pass a ball
around. When the music stops the student who is left with the ball will categorize a characteristic
stated by the teacher into one of the types of economic system.

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DEVELOPMENT: (‘What and How’ – the body of the lesson)

ADAPTATIONS FOR
METHODS AND TECHNIQUES STUDENTS’ ACTIVITIES
EXCEPTIONAL LEARNERS
Introduction: Students will participate in the activity. Teacher will ensure students have a
Method: Hot Potato chance to participate.
Teacher will use this activity to activate
students prior knowledge of what was taught
in the previous lesson.
Objective 1 Students will think back on the previous Teacher will ask students to share.
Method:Brain Storming lesson and state the three basic economic
Teacher will ask students to reflect on the questions.
last lesson on economic systems and identify
the three economic questions.
1. What
2. How
3. Who
Objective 2 Students will work in groups to answer the Teacher will walk around the class and
Method: Peer Collaboration basic economic questions. ask students to proceed to the board to
Teacher will place students in groups write answers.
representing a type of economic system.
Each group will receive information on the
system that they have been assigned. The
teacher will ask groups to read over their
information and answer the basic questions
of:
1. What should be produced?
2. How to produce it?
3. Who should receive it?
Teacher will form a chart on the board and
student will come to the board and fill in the
chart.
Objective 3 Students will partake in the discussion, ask Teacher will direct questions to
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ADAPTATIONS FOR
METHODS AND TECHNIQUES STUDENTS’ ACTIVITIES
EXCEPTIONAL LEARNERS
Method: Discussion questions and take notes as directed. students.
Teacher will discuss with students some of
the advantages and disadvantages of the
economic systems. Teacher will also ask
students to think of advantages and
disadvantages. Teacher will use the dictation
method to give students the notes on
advantages and disadvantages.
Culminating Activity: Students in their groups will complete the Teacher will allow students to assist in
Compare and Contrast Method worksheet on economic systems. issuing and collecting worksheets.
Teacher will allow students in there groups
to complete a compare and contrast
worksheet on economic systems.

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CONCLUSION:
Group Sharing – teacher will ask a student from each group to present one thing they compared
and contrasted on the economic system worksheet.
EVALUATION OF THE LESSON:

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