Republic of the Philippines

Department Of Education
Region III
DR. VICTORIA B. ROMAN MEMORIAL HIGH SCHOOL
Pantingan, Pilar, Bataan

Semi Detailed Lesson Plan in

School: DR. VICTORIA B. ROMAN Grade 11 - ABM
MEMORIAL HIGH SCHOOL Level:
Teacher: CHENEE ROSE R. CANARIA Learning APPLIED
Detailed Area: ECONOMICS
Lesson Plan
Teaching Dates MONDAY (7:30 9:30) Quarter: 2ND QUARTER
MELC BASED
and Time: WEDNESDAY (7:30 9:30)

I- Learning Objective
The learners should:
1. Determine and differentiate between perfect competition, monopoly, oligopoly, and monopolistic
competition.
2. Analyze the characteristics, advantages, and disadvantages of each market structure.
3. Understand how market structures impact pricing, output, and economic efficiency.

II- Content

A. Subject Matter: Applied Economics – Various Market Structure

B. References: Culminating Activity, Module
C. Learning Materials: Laptop, Power Point Presentation, Image, TV

III- Procedure

A. Routine Activity
1. Prayer
2. Greetings
3. Checking of Attendance

B. Review
 What was our lesson yesterday?
 What is the elasticity of demand and supply?

C. Motivation
 Create a Concept Map
 What comes into your mind when you heard the word market structure?
 Now, let them sing a song about Market Structure
Tune: Twinkle, Twinkle, Little Star
Market structures, what are those? Send me help ‘coz I don’t know.
Is it needed for me to learn?
If that was the case then start the lesson.

D. Discussion
 A market is one of the numerous infrastructures, systems, institutions, social relations, and procedures,
wherein buyers and sellers usually interact with each other to exchange goods and services. In relation to that,
this lesson will enlighten you of the different market structures that distinguish an economy.

Market structures are the key points in evaluating business’ economic environments. It deals with strategic
decision making and focuses on both economics and marketing, making professional entrepreneurs precisely
judge industry, policy changes, and market news. The significant operational definition of market structure is
a concern to both economists and marketers since they have different methodological approaches in this, and
each of them has their strengths and weaknesses.

Moreover, these are the most notable characteristics of market structures:

 The relationship between a seller to another seller, a seller to his/her buyer, and many more.
 The product that has been sold and the extent of product differentiation, which affects cross-price
elasticity of demand.
 The number of companies or corporations, including the scale and range of international competition,
in the market.
 The concerns in entering and exiting the market.
 The dissemination of market shares for the largest firms.
 The number of buyers and how they behave to mandate a product’s price and quantity.
 The turnover of customers which can be affected by the extent of consumer or brand loyalty and the
influence of persuasive advertising and marketing.

The interactions and variations in these aspects provided the existence of different market structures, which
are the following:
 Monopoly. Herein, there is a single merchant of a product for which there is no close alternative.
 Monopolistic Competition in which differentiated product has many vendors.
 Perfect Competition, wherein, a similar product has many sellers.
 Oligopoly, whereupon, there are few sellers of a standardized or a differentiated product.

These market structures will further be discussed in the subsequent lessons.

E. Generalization
The teacher will ask these following questions:
 Question 1: What factors influence market structures according to the given information?
 Question 2: Can you name the four main types of market structures mentioned and briefly describe each
one based on the provided characteristics?
 Question 3:How does the number of sellers influence market structures, and can you provide an example
for each type mentioned?

F. Application
Identify a historical event where government intervention influenced market structures. Provide a brief
description of the event and explain how it impacted businesses and competition.

G. Evaluation
From the word/words given below, choose what is being described in the sentence.

a. Market f. Oligopoly
b. Interaction and variations g. Monopolistic competition
c. Business professionals h. Perfect competition
d. Market structures i. Monopoly
e. Economics and j. Economists and marketers
marketing

1. These are the key points in evaluating business’ economic environments.

 2. What do you call the type of market structure in which there is a single merchant of a product for which
there is no close alternative?
3. It is one of the social relations wherein people exchange goods and services.
4. Market structures deal with strategic decision making and focus on what?
5. It is a type of market structure wherein a similar product has many sellers.
6. Who are the people concerned about market structures because they have different approaches in this said
matter?
7. What do you call the type of market structure in which differentiated product has many vendors?
8. Who can precisely judge industry, policy changes, and market news?
9. What provides the existence of different market structures?
10. It is a type of market structure wherein there are few sellers of a standardized or a differentiated product.

Key answer:
1. d. Market structures
2. i. Monopoly
3. a. Market
4. f. Oligopoly
5. h. Perfect competition
6. j. Economists and marketers
7. g. Monopolistic competition
8. c. Business professionals
9. b. Interaction and variations
10. e. Economics and marketing

IV- Assignment

Prepared by: Checked by:

Chenee Rose R. Canaria Jesusa D. Pizarro
Teacher I Head Teacher III