A Semi-detailed Lesson Plan

First Grading
I.Learning II.Learning III.Learning Procedure IV.Evaluation VI. Assignment
Objectives Content
Through a A. SUBJECT A. MOTIVATION On a ¼ sheet of Agreement:
powerpoint MATTER paper, answer the Read Production
presentation of Types of Economic 1. Introduce the game FOUR PICS ONE WORD. following ; linkages.
Types of Economic System. 2. Display the Picture on the board.  Factors of
System, the 3. Guess the following combined pictures to 1. Do you agree production
students should be B. REFERENCE: form a word. that the best
able to: Imperial C.M et economic system
al(2011).Turning is Market
A. Identify the Four points IV.Rex economy? Why?
types of Book Store.Manila (5points)
Economic Philippines.
System; C. MATERIALS 2. Why do some
B. Appreciate the  Laptop countries adhere
significance of  LCD projector to command
having an  Pictures showing economic system?
economic examples of (5 points)
system in every Economic system
nation through
slogan making ; D. CONCEPTS
 Economic system-
C. Create a slogan covers the
showing the real structures of
importance of governance
having an composed of
economic institution and
system. mechanism that
deals with
different economic
activities.
 Traditional
economy-
answers the
economic problem
based on
traditions and
beliefs.
 Command
economy- the
main decision
maker is the
 government.
 Market Economy-
Individuals and
private sectors
make the
economic decision
 Mixed Economy-
dynamic
interaction
between the
government and
private sectors

E. SKILLS
 Identifying the
four types of
Economic
system.
 naming
examples of the
different type of
economic
system
 creating slogan
F. VALUES
“ the importance
of having an
economic
system is that
we can have an
organized and
structured
economy”

REVIEW
1.Discuss how an Economic system is being
determined in every country through the concept
map.
Unlimited
Limited

scarcity

allocation

Economic question

ECONOMIC SYSTEM

PRESENTATION
1. Define what an economic system is.
Structures of governance composed of
institution and mechanism that deals with
different economic activities.

2. Identify the four types of Economic system

TRADITIONAL ECONOMY

COMMAND ECONOMY

MARKET ECONOMY

MIXED ECONOMY
3. Discuss Traditional economy.

 Economic Who decides what to

decisions are produce?
based on  People follow their
Cultures, beliefs customs and make
and norms of what their
the society. ancestors made.
 People will Who decides how to
make what they produce?
always made &  People grow &
will do the same make things the
work their same way that
parents did their ancestors did.
 Exchange of For whom to produce?
goods is done  People in the
through village who need
BARTERING: them
trading without
using money

3. Identify the other type of economic system.

Who decides what to

Market economy produce?

Individuals and private Businesses base

sector make decision to decisions on supply
answer the economic and demand and free
questions. enterprise (PRICE)
Most of the resources are Who decides how to produce
owned by private goods and services?
citizens
Businesses decide
Economic decisions are
how to produce
based on Free
Enterprise (Free goods
Enterprise (competition Who are the goods and
between companies) services produced for?
Consumers

4. Discuss what command Economy i.

Command/ Planned Economic questions:

Economy
1. Who decides what
  Government
makes all
economic
decisions &
owns most of
the property.
 Governmental
planning
groups
determine
such things as
the prices of
goods/service
s & the wages
of workers.

5. Identify the last type of economic system.

Mixed Economy

Market + Command = Mixed

• There are no pure
command or market
economies. To some
degree, all modern
economies exhibit
characteristics of both
systems and are often
referred to as mixed
economies.
• Businesses own most
resources and determine
what and how to
produce, but the

6. Summarize the four types of Economic System.

ECONOM PRODUC EXISTEN DEGREE
IC TION CE OF OF
 SYSTEM DECISIO FREEDO GOVERN
NS M OF MENT
ENTERPR INTERVE
ISE NTION
TRADITION Individual Yes
AL

MARKET Market Yes Very little

decides
(Buyer &
Seller)
COMMAND Governme None Absolute
nt

MIXED Dynamic YES, but Governme

Inter with the nt
action governme imposes
between nt regulation
Market participati s
and on
Governme
nt

B. APPLICATION

Activity 1: (15 points)

On a bond paper, make a slogan showing

the significance of having an economic
system to every nation.

CRITERIA:
Creativity-5 points
Relevance- 5 points
Total points- 10 points

C. GENERALIZATION
Pose a Question: In the four types of economy,
 what do you think is the best economic
system?

Sample Answer:
Answer: MARKET ECONOMY

Proven to be the best. It promotes the

goals of growth, freedom, & efficiency

Citizens are free to own their own

property & use it more efficiently &
profitably