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    Basic Economic Problem - Econ G 12 - Term 1

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    denny_sitorus
    The document outlines a 5 lesson plan for an Economics unit on the price system and microeconomics for a grade 12 class. Lesson 1 covers the law of diminishing marginal utility, indifference curves, and budget lines. Lesson 2 covers production functions, costs, revenues, and different market structures. Students will apply concepts through assignments, videos, and textbook questions. The teacher will relate lessons to the objective of caring for God's creations through efficient resource allocation.

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    © All Rights Reserved
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    Basic Economic Problem - Econ G 12 - Term 1

    Uploaded by

    denny_sitorus
    17 views2 pages
    The document outlines a 5 lesson plan for an Economics unit on the price system and microeconomics for a grade 12 class. Lesson 1 covers the law of diminishing marginal utility, indifference curves, and budget lines. Lesson 2 covers production functions, costs, revenues, and different market structures. Students will apply concepts through assignments, videos, and textbook questions. The teacher will relate lessons to the objective of caring for God's creations through efficient resource allocation.

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    Basic Economic Problem_Econ G 12_Term 1

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    The document outlines a 5 lesson plan for an Economics unit on the price system and microeconomics for a grade 12 class. Lesson 1 covers the law of diminishing marginal utility, indifference curves, and budget lines. Lesson 2 covers production functions, costs, revenues, and different market structures. Students will apply concepts through assignments, videos, and textbook questions. The teacher will relate lessons to the objective of caring for God's creations through efficient resource allocation.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
    17 views2 pages

    Basic Economic Problem - Econ G 12 - Term 1

    Uploaded by

    denny_sitorus
    The document outlines a 5 lesson plan for an Economics unit on the price system and microeconomics for a grade 12 class. Lesson 1 covers the law of diminishing marginal utility, indifference curves, and budget lines. Lesson 2 covers production functions, costs, revenues, and different market structures. Students will apply concepts through assignments, videos, and textbook questions. The teacher will relate lessons to the objective of caring for God's creations through efficient resource allocation.

    Copyright:

    © All Rights Reserved
    Download as DOCX, PDF, TXT or read online from Scribd
    Download as docx, pdf, or txt
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    ICHTHUS SCHOOL

    LESSON PLANNING
    Teacher:

    Grade: 12 Weeks: 5-6 Biblically Integrated Objective (BIO): The students discuss how to use God
    Subject: Economics Term: 1 AY: 2020-2021 wants us to care not only for our own interests but for all of HIS creations as a whole
    Unit: 2. The price system and the Number of periods: 10 through efficient resource allocation.
    micro economy (A Level)

    Reflection and Evaluation:

    Instruction and Activities - Including Biblical Worldview Demonstration of Material Notes


    Learning (DOL)
    Lesson 1  Objective(s) 1. Students could Textbook,
     Topic: Law of The students will be able to: answer, at Cambridge
    diminishing ■ understand the law of diminishing marginal utility and its relationship least, International AS
    marginal to the derivation of an individual demand schedule satisfactorily and A Level
    utility, ■ the limitations of marginal utility theory and why the questions Economics
    Indifference consumers are not always rational related to the Coursebook,
    curves, ■ how indiff erence curves can be used to represent what objectives of the Third edition
    Budget lines consumers want
    Video clips
    ■ what a budget line is and how it can be used to show the
    No. of Periods: 5 related to the
    income and substitution eff ects of a price change lesson
    Aug 10-14, 2020  ■ the short-run production function: fixed and variableInstructional Methods
     Teacher (T) greets the students (Ss) and check the attendance.
    Note: Aug 14: Econ  T reviews the previous lesson with the students
    test  T states the objectives of the lesson (see above)
     T asks the students to watch a series video clips about the topic
     T explains and discusses the lesson and video content by using PPt and
    by asking some questions
     T gives some inputs and relates them to the BIO
     T asks the students to do some assignments related to the lesson
     T ends the lesson by summing it up.

    1
    ICHTHUS SCHOOL
    LESSON PLANNING
    Teacher:

    Lesson 2  Objective(s) Students Textbook,


     Topic: Types The students will be able to understand: apply the Cambridge
    of cost, concepts of International AS
    revenue and  the short-run production function: fixed and variable “Market and A Level
    profit, short-  factors of production; total product, average product and structure” in an Economics
    run and long-  marginal product investigation of Coursebook,
    run  the law of diminishing returns; average cost, marginal cost a specific Third edition
    production,  the long-run production function and returns to scale competition in a
    Different  how to explain the shape of the long-run average cost curve real market Videos related to
    market  economies of scale, internal and external; diseconomies of scale situation. the lesson
    structures.  how to define total, average and marginal revenue
     what is meant by normal and abnormal profit
    No. of Periods: 5  what is meant by market structure and how it can be explained
     the difference between perfect and imperfect competition
    August 17-21, 2020  the market structures of monopoly, monopolistic competition,
    oligopoly and natural monopoly
    Note: Aug 17, 20, 21  what is meant by contestable markets and the implications of
    are holidays contestability in a market

     Instructional Methods

     Teacher (T) greets the Students (Ss) and checks the attendance.
     T states the objective of the lesson (see above)
     T asks the students to watch videos about the topic
     T explains and discusses the lesson and video content by using PPt and
    by asking some questions
     T gives some inputs and relates them to the BIO
     T asks Ss to do “Self-assessment Tasks”in the text book
     T gives some assignments related to the lesson
     T ends the lesson by summing it up.

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