Micro and Macroeconomics The Role of Markets Resources Allocation Lesson Plan IGCSE Economics

Topic: Micro and Macroeconomics The Role of Markets Resources Allocation 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 microeconomics and macroeconomics - The difference between microeconomics and macroeconomics and the decision makers involved in each.
The market system - How a market system works; including buyers, sellers, allocation of scarce resources, market equilibrium, and market disequilibrium.
Key resources allocation decisions - Establishing that the economic problem creates three key questions about determining resource allocation. – What to produce, how, and for whom. -
Introduction to the price mechanism - How the price mechanism provides answers to these key allocation questions.
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.