| Lesson Plan |
| Grade: |
Date: 03/03/2026 |
| Subject: Economics |
| Lesson Topic: resource allocation in these economic systems |
Learning Objective/s:
- Describe how market, command and mixed economies allocate resources.
- Analyse the strengths and weaknesses of each allocation mechanism.
- Apply the concepts to real‑world examples and evaluate related policy implications.
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Materials Needed:
- Projector and screen
- PowerPoint slides with diagrams
- Printed handout of comparison table
- Worksheet with short answer and evaluation questions
- Whiteboard and markers
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Introduction:
Begin with a quick poll: “Where do you think the price of a smartphone is decided?” Use the responses to highlight the role of markets versus planners. Review students’ prior knowledge of supply‑and‑demand and set the success criteria: students will be able to explain, compare and evaluate resource‑allocation mechanisms.
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Lesson Structure:
- Do‑now (5'): Students write a brief definition of “resource allocation” on sticky notes.
- Mini‑lecture (10'): Explain market allocation using price signals and the supply‑demand diagram.
- Interactive modelling (10'): Demonstrate command‑economy allocation with a simple planner equation on the board.
- Group activity (15'): Teams analyse a case study (UK, North Korea, Sweden) and fill a comparison chart.
- Whole‑class debrief (10'): Groups present findings; teacher highlights mixed‑economy weighting concept.
- Formative check (5'): Quick exit ticket – one advantage and one drawback of each system.
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Conclusion:
Summarise how price signals, central planning and government intervention each shape allocation. Collect exit tickets to gauge understanding and assign a short homework: write a paragraph evaluating which system best balances efficiency and equity for a chosen good.
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