Lesson Plan

• Describe the purpose and definition of regulation in a mixed economy.
• Explain three key advantages and three key disadvantages of regulation.
• Analyse how regulation can correct market failures while considering potential inefficiencies.
• Evaluate a real‑world regulatory example to determine an appropriate balance.
• Create a brief diagram showing how regulation interacts with market forces.

• Projector and screen
• Whiteboard and markers
• Printed handout with summary table of advantages/disadvantages
• Student worksheet for case‑study activity
• PowerPoint slides (definitions, diagram)
• Sticky notes for exit ticket

Begin with a quick poll: “What rules do you encounter every day?” Connect responses to the idea of government regulation. Review prior knowledge of market failures and ask students to predict why governments intervene. State the success criteria: students will be able to define regulation, list its pros and cons, and apply this knowledge to real examples.

1. Do‑now (5’) – Students write three everyday regulations on sticky notes and place them on the board.
2. Mini‑lecture (10’) – Define mixed economy and regulation; show flowchart diagram; highlight key purposes.
3. Guided analysis (15’) – Using the handout, groups identify and discuss three advantages and three disadvantages; teacher circulates to check understanding.
4. Case‑study activity (15’) – Groups examine a specific regulation (e.g., minimum wage), complete a worksheet weighing benefits vs. costs, and prepare a short justification.
5. Whole‑class debrief (10’) – Groups present findings; teacher synthesises common themes and clarifies misconceptions.
6. Exit ticket (5’) – Each student writes one advantage and one disadvantage of regulation on a sticky note.

Recap the definition of regulation and its dual impact on markets and society. Collect exit tickets to gauge immediate understanding and address any lingering questions. For homework, ask students to research a current government regulation in their community and write a brief paragraph evaluating its effectiveness.