Lesson Plan

Lesson Plan
Grade: Date: 17/01/2026
Subject: Economics
Lesson Topic: Definitions, advantages and disadvantages of privatisation
Learning Objective/s:
  • Define privatisation and its purpose in a mixed economy.
  • Explain the main advantages of privatising state‑owned enterprises.
  • Discuss the key disadvantages and potential problems of privatisation.
  • Evaluate how privatisation influences resource allocation and market efficiency.
Materials Needed:
  • Projector and screen
  • Whiteboard and markers
  • Printed handouts with definitions and comparative table
  • PowerPoint slides summarising advantages and disadvantages
  • Worksheet for the evaluation checklist activity
  • Sticky notes for the exit ticket
Introduction:

Begin with a quick poll asking students which services they think should be owned by the government versus private companies. Review prior knowledge of public vs private ownership, then outline that today they will explore why governments choose privatisation and how it impacts the economy. Success will be measured by their ability to define privatisation, list its pros and cons, and evaluate its overall effect.

Lesson Structure:
  1. Do‑now (5'): Short quiz on public vs private ownership concepts.
  2. Teacher presentation (10'): Definition of privatisation and reasons governments use it (slides).
  3. Group activity (15'): In pairs, complete a T‑chart of advantages and disadvantages using the handout.
  4. Class discussion (10'): Review the evaluation checklist and apply it to a real‑world case study.
  5. Mini‑debate (10'): “Should the national railway be privatised?” – each side presents arguments.
  6. Recap & exit ticket (5'): Students write one advantage and one disadvantage on a sticky note and hand it in.
Conclusion:

Summarise the key points: privatisation aims to boost efficiency and raise revenue but can create job losses and market failures if not properly regulated. Collect the exit tickets to gauge understanding and assign a brief homework: research a recent privatisation in their country and write a paragraph evaluating its impact using the checklist.