Introduction
- what is the market
- Educator will ask learners can they able to define what is market
- what is perfect market
- Educator will show the learners how perfect competition works
Task
class activity
choose the right answer from the possible questions
1.1 when the percentage change quantity supplied is greater than the percentage change in price is refer to
(A) price elasticity supply
(b) price inelastic supply
(c) unitary elasticity of supply
1.2 Any supply curve intercepts the horizontal curve( quantity axis) is
(A) price inelastic supply
(b) price elastic supply
(c) Not A or B
1.3 When price is 20% and the change in quantity demand is 10%, it is refer to
(A) Price inelastic supply
(b) Price inelastic demand
(c) price elastic demand
1.4. when PES is less than 1, it is refer
(A) price elastic supply
(b) price inelastic supply
(c) unitary elasticity of supply
Process
- educator explains more in details, and give descriptions of term market
- learners listen to the teacher
- educator explains the role of the market in the economy
- learners will ask questions and give answers
- identify and explain the characteristics of the perfect market
- The whole class will work through the given question and debate about the answers and questions
- give example of the perfect market
- the learners take notes
Evaluation
observation.
- based on the proceedings of the session learners they were so eager to learn and they showed a good understanding of the topic
- learners showed good understanding of the topic that was tought.
- few learners learners showed lack of understanding of the topic.
- question were posed by learners in different forms and that can show their level of understanding.
- lesson was learners centered as learners they were the drivers of the lesson
- maximum of participation was adhered to.
Conclusion
- Educator summaries key point of the lesson
- open and give them opportunity to ask question, in parts that they did not understand during the lesson.
- educator give learners activity
- for the next class we will focus on the imperfect market
learners reaction
- learners listen to the teacher
- The learn will ask question to the teacher
- They will take notes to give answers
- highlight the topic for the next class
- Read the topic asked read
Credits
- Economics Mind grade 12
- Economics power-point presentation
- Class activity by Mr Ayanda Cunukelo
- Homework activity by Mr Ayanda Cunukelo
Teacher Page
Name: Mr A. Cunukelo
school: Desmond Mpilo Tutu
Subject: Economics
Email: ayandacunukelo28@gmail.com
cell: 0780832574