Lesson on Thursday, May 10, 2018

Aim: Why do businesses in different industries experience varying degrees of competition in a market economy and what is the impact of that competition on consumers, society and the government? 

Bell Ringer:  Review Journal 37 

Objectives: 

1. SS.912.E.1.6: Compare the basic characteristics of the four market structures (monopoly, oligopoly, monopolistic competition, pure competition). 

2. SS,912.E..3.6: Differentiate and draw conclusions about historical economic thought theorized by economists.  
3. 
   

Agenda: 

1. 1. Bell Ringer (10 min) 

2. 2. Introduce Chapter 7 (handout: assumptions) 

https://www.youtube.com/watch?v=9Hxy-TuX9fs  (Market Structures) (10/15 min) 

3. Assign groups. (5 min) 

4. 3. Have students complete the note-taking guide (Market Structures) using their textbook (McGraw-Hill Economics Principles and Practices pp. 168-167193), online resources, or class notes as appropriate. Teachers may want to guide students through completing the notes, have students work in small groups, or independently. (rest of class) 
5. 
   

Home Learning:  

1. Work on designated section of the NTG Section 1 Review: 2 – 5 / to be completed in the additional boxes located at the end of the NTG