The Nature of the Economic Problem and Factors of Production Lesson Plan IGCSE Economics

Lesson Plan
Topic:The Nature of the Economic Problem and Factors of Production Lesson Plan IGCSE Economics - ‘MS word doc.’
Lesson Objective: are shared with the students for awareness and expectation of lesson outcome.
At the end of the lesson, the students will be able to;
Describe finite resources and unlimited wants - Definition and examples of the economic problem in the contexts of: consumers; workers; producers; and governments. Economic and free goods. The difference between economic goods and free goods. Definitions of the factors of production and their rewards - Definitions and examples of land, labour, capital and enterprise. Examples of the nature of each factor of production. Mobility of the factors of production - The influences on the mobility of the various factors. Quantity and quality of the factors of production - The causes of changes in the quantity and quality of the various factors.
NB: You can add your school name, and logo on top, you own name, date, and class year, term and week. Also, you can rejig it for more than a lesson topic by editing the objectives, Plenary and lesson starter etc.