Concept of economics and significance of statistics in economics

Concept of economics and significance of statistics in economics

ARMY PUBLIC SCHOOL KHADAKWASLA

ACADEMIC LESSON PLAN
2021-22

NAME-HARSHITA JOSHI
SUBJECT- ECONOMICS
CLASS –XIth DATE-1Oct-8 oct
NUMBER OF PERIODS-18 18 oct- 30 Oct

TOPIC AND SUB TOPICS SUMMARY

Concepts of cost, Concepts of Revenue

Concepts of cost, Concepts of Revenue

Total Costs, Fixed cost, Variable cost, Total revenue, Average

revenue and Marginal revenue, Cost-Output Relationships in
the Short Run, and Cost-Output Relationships in the Long
Run, Analysis of cost minimization

AIM / OBJECTIVES

GENERAL OBJECTIVES LEARNING OUTCOMES

 The amount of expenditure (actual or notional)  To encourage learners to develop

incurred on or attributable to a specified thing or perspective awareness.
activity (ICMA)  Will be able to understand the
 In producing a good or service, a firm has to terms revenue cost and demand.
employ an aggregate of various factors of
production such as land, labour, capital and
entrepreneurship.
 These factors are to be compensated by the firm for
their contribution in producing the commodity,
This compensation (factor price) is the cost.

CHECK FOR PREVIOUS KNOWLEDGE INSTRUCTIONAL STRATEGY USED

(METHOD)
Material Cost : Direct Material & Indirect Material Quick quiz
Labour Cost : Direct Labour & Indirect Labour
 Expenses : Direct Expenses & Indirect Expenses Worksheet
Examples : Direct Material : Cotton in Cotton Textiles
Indirect Material : oil, cotton waste etc. Direct Labour
Cost: Cost of labour directly engaged in production
Indirect Labour Cost : Salesman Commission.
Direct Expenses : Wages and Salaries
SKILLS FOCUSED TARGET LEARNING SUGGESTED
ACTIVITIES STRATEGIES AND
TEACHING AIDS
 Listening. 1.Knowledge/remembering Flow charts
 Speaking.
2. Understanding
 Reading.
 Writing. 3. Application/applying
 Interpretation of 4. Analysis/analyzing
data
 5. Evaluation/evaluating

LESSON

DEVELOPMENT
TASK AND ACTIVITY INTEGRATING TAL ASSIGNMENT

Reading of lesson and concepts Extra marks, Define cost and revenue.

Prepare for quiz from chapter You tube videos

RECAPITULATION EVALUATION AND ASSIGNMENTS

Revising the chapter Class test

MIND-MAP
 Material Cost : Direct Material & Indirect Quiz
Material
 Labour Cost : Direct Labour & Indirect Labour
 Expenses : Direct Expenses & Indirect
Expenses

RESOURCES/TECHNOLOGY/SOFTWARE :TAL / Online Teaching ( Microsoft teams)

Reflection As A Teacher:-
What response did your
learners show to Learning?
(Excellent/very
good/moderate/less engaged)
Very good
In case there was any gaps where were What remedial measures will you
the gaps ? take to support Learners ?
(in lesson planning/lesson
delivery/conducting activities/student
learning)
NA
Liveworksheet.com

TEACHER IN-CHARGE SUBJECT IN-CHARGE PRINCIPAL