Lesson Plan on Monday, October 29, 2018 (L38)

Aim: Why do businesses in different industries experience varying degrees of competition in a market economy and what is the impact of that competition on consumers, society and the government? 

Bell Ringer:  Review Journal 37 

Objectives: 

1. 1. Students will compare the basic characteristics of the four market structures (monopoly, oligopoly, monopolistic competition, pure competition). 
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2. 2. Students will differentiate and draw conclusions about historical economic thought theorized by economists.  

Agenda: 

1. 1. Bell Ringer (10 min) 

2. 2. Introduce Chapter 7 (handout: assumptions) 

https://www.youtube.com/watch?v=9Hxy-TuX9fs  (Market Structures) (10/15 min) 

3. Assign groups. (5 min) 

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5. 3. Have students complete the note-taking guide (Market Structures) using their textbook (McGraw-Hill Economics Principles and Practices pp. 168-167193), online resources, or class notes as appropriate. Teachers may want to guide students through completing the notes, have students work in small groups, or independently. (rest of class) 
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Home Learning:  

1. Work on designated section of the NTG Section 1 Review: 2 – 5 / to be completed in the additional boxes located at the end of the NTG