Lesson Plan

• Describe the key characteristics that distinguish economic goods from free goods.
• Explain how scarcity and price relate to the classification of a good.
• Analyse real‑world examples to identify whether a good is economic or free.
• Apply the concepts to simple supply‑demand scenarios and predict allocation needs.

• Projector and screen
• Whiteboard and markers
• Printed comparison table handout
• Worksheet with short scenarios
• Sticky notes for exit ticket

Begin with a quick poll: “Is air a product you would pay for?” Use the responses to highlight the idea of scarcity. Connect this to students’ prior knowledge of market goods and set the success criteria: students will be able to classify goods and explain why price matters.

1. Do‑Now (5’): Students list three things they own and three things they take for granted. Share briefly.
2. Mini‑lecture (10’): Define economic and free goods, show the comparison table on the projector.
3. Guided Practice (12’): In pairs, use the handout to classify a set of examples; teacher circulates to check understanding.
4. Mathematical Illustration (8’): Demonstrate supply‑demand curves for an economic good versus a free good; discuss price outcomes.
5. Application Activity (10’): Worksheet with short scenarios where students decide allocation mechanisms.
6. Check for Understanding (5’): Quick quiz via Kahoot or show‑of‑hands on key distinctions.

Recap the main differences between economic and free goods and why scarcity drives market allocation. Students write one takeaway on a sticky note as an exit ticket. Assign a brief homework: find a news article that illustrates a good shifting from free to economic due to scarcity.