Lesson Plan

Lesson Plan
Grade: Date: 17/01/2026
Subject: Economics
Lesson Topic: Disadvantages of the mixed economic system
Learning Objective/s:
  • Identify at least five key disadvantages of a mixed economic system.
  • Explain how each disadvantage stems from government intervention or market distortion.
  • Compare these disadvantages with those of pure market and pure command economies.
  • Apply the concepts by providing real‑world examples suitable for IGCSE exam answers.
Materials Needed:
  • Projector and screen
  • Whiteboard and markers
  • Printed handout summarising the disadvantages
  • Worksheet with a comparison table and case‑study prompts
  • Exam‑question cards for practice
Introduction:

Begin with a quick scenario: “What would happen if the government set the price of electricity?” This hooks students and links to their prior knowledge of market vs command economies. Remind them of the basic definition of a mixed economy and outline today’s success criteria: identify disadvantages, explain causes, and give relevant examples.

Lesson Structure:
  1. Do‑now (5'): Students list advantages of pure market and pure command systems on sticky notes.
  2. Mini‑lecture (10'): Define mixed economy and present the list of disadvantages with brief explanations.
  3. Guided analysis (12'): Using the handout, examine each disadvantage, discuss why it occurs, and cite a real‑world example.
  4. Group activity (15'): In pairs, complete the comparison table (resource allocation, efficiency, equity, innovation) and create a short summary.
  5. Exam practice (10'): Students answer the sample exam question using the provided framework.
  6. Plenary (5'): Whole‑class recap of key points; exit ticket – write one disadvantage and a country example.
Conclusion:

Summarise how government failure, tax burdens, and policy uncertainty can undermine efficiency in mixed economies. Collect exit tickets to check understanding, and assign homework: research a country where two of the discussed disadvantages are evident and prepare a short paragraph for the next lesson.