Lesson Plan

• Describe how resource‑allocation decisions are made in market, planned and mixed economies.
• Explain the role of price signals, central planning, and government intervention in each system.
• Compare the strengths and weaknesses of the three systems regarding efficiency, equity and innovation.
• Apply a decision‑making framework to evaluate allocation outcomes in given scenarios.
• Analyse how policy tools (taxes, subsidies, quotas) modify market behaviour in a mixed economy.

• Projector and screen
• Slide deck with diagrams and comparative table
• Printed handouts (summary table & case‑study worksheets)
• Whiteboard and markers
• Sticky notes for group brainstorming
• Calculators (optional for quick profit calculations)

Begin with the question, “How does a city decide where to build a new hospital?” Connect this to students’ prior knowledge of scarcity and choice. Briefly outline that today they will explore three different economic systems that answer this question in distinct ways. Success will be measured by their ability to describe each system’s decision‑makers, mechanisms and evaluate which system best fits a given scenario.

1. Do‑now (5'): Students list everyday examples where price appears to guide availability. (Check prior knowledge)
2. Mini‑lecture (10'): Overview of resource allocation and the three economic systems using slide diagrams.
3. Guided analysis (12'): Examine the comparative table; discuss decision‑makers, mechanisms and incentives for each system.
4. Group activity (15'): Small groups receive a real‑world scenario, apply the six‑step decision‑making process, and decide which system would allocate resources most effectively. Record conclusions on the worksheet.
5. Whole‑class debrief (8'): Groups present findings; teacher highlights key strengths/weaknesses and corrects misconceptions.
6. Exit ticket (5'): One‑sentence response – “What is the primary mechanism for resource allocation in a market economy?”

Recap the three systems, emphasizing the role of price signals, central directives and mixed‑policy tools. Collect exit tickets to gauge immediate understanding, and assign homework: write a short paragraph comparing how a market and a mixed economy would allocate resources for renewable energy development.