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Step 1: Plan
Lesson Overview
Subject Economics
12.2.5 Understand the process by which competition among buyers and sellers determines a
market price
12.2.2 Discuss the effects of changes in supply and/or demand on the relative scarcity, price,
and quantity of particular products.
Learning Goal(s) Students will understand the role of prices in a free market
Content of Lesson
Based on student assets, what do you expect students to deeply understand about the lesson?
What do you expect students to retain after the lesson and use in future learning?
The students will understand the role of prices in an economy. Students will retain knowledge
pertaining to the advantages of prices. Such as, the flexibility of price, price as an incentive, and
price as a signal
What misunderstandings or misconceptions do you expect students might have from the
lesson?
I expect the students to struggle with grasping the concept of efficient resource allocation
What knowledge, skills, and abilities (higher-order thinking and academic language
development) do you expect students to have after engaging in the lesson?
Students should be able to discuss the economic principles and importance of the role of prices
in an economy.
What essential questions will you ask to determine if students are not meeting, meeting, or
exceeding the learning goal(s) of the lesson?
How does a price-based system lead to a wider choice of goods and more efficient allocation of
resources? What is the relationship between prices and the profit incentive?
Based on student assets, what activities will the students be involved in during the lesson to
support, engage, and challenge their achievement of the learning goal(s)?
Group discussions, class discussions, and completing a worksheet
How will you group students and manage group work to support student learning?
Students will work with their table groups to complete discussions and a group graphic
organizer
How will you engage students in higher-order thinking (i.e., analysis, synthesis, evaluation,
interpretation, and transfer) activities?
I will ask the class questions throughout the lesson. Also, their group work will include questions
that will allow me to check their understanding.
What instructional strategies will support student learning through multiple modalities?
Direct instruction, student engagement, cooperative learning, modeling, bridging
What resources, materials, and/or educational technology will you or your students use during
the lesson?
I will use Google Slides for a presentation. The presentation will include a video. The students
will need to take notes in their notebooks. Students will need their chromebooks to complete
their group work.