Firms and Classification of Firms Lesson Plan IGCSE Economics

Lesson Plan
Topic: Firms and Classification of Firms 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;
Classify firms - In terms of primary/secondary/tertiary sectors and private/public sector, and the relative size of firms. Note: detailed knowledge of different types of structure of a firm is not required. Small firms - The advantages and disadvantages of small firms, the challenges facing small firms and reasons for their existence. Causes and forms of the growth of firms - Internal growth, for example increased market share. External growth, for example mergers.
Mergers - Examples, advantages and disadvantages of different types of mergers: horizontal, vertical, and conglomerate. Economies and diseconomies of scale - How internal and external economies and diseconomies of scale can affect a firm/industry as the scale of production changes.
NB: You can add your school’s 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.