LESSON PLAN:

SUBJECT :ECONOMICS
SCHOOL : Teacher : Grade : 11
Duration : 2 weeks (8 HOURS) School Period : Date : TERM 2(WEEK 11&12)
Topic : Production , production cost and revenue
Content: Objectives of businesses, short-run, long-run, TC, AC, MC, Cost schedules, Economies &Diseconomies of scale, Revenue calculations, Graphs
Learning Outcomes & Assessment Standards :
LO 2:The learner is able to demonstrate knowledge, understanding and the appropriate skills in analyzing the dynamics of markets
AS 11.2.2: Explain and illustrate by means of graphs the effects of cost and revenue on prices and the levels of production.
Critical outcomes
  1. Identify and solve problems and make decisions using critical and creative thinking
  2. Work with others as a team, group
  3. Organise and manage themselves effectively
  4. Collect, analyse, organise and critically evaluate
  5. Communicate effectively
  6. Use science and technology effectively and responsibility towards the environment and the health of others
  7. Demonstrate an understanding of the world
Development outcomes
  1. Reflect on, explore strategies to learn more effectively
  2. Participate as responsible citizens in the local, national and global communities
  3. Be culturally and aesthetically sensitive across range of social contexts
  4. Explore education and career opportunities
  5. Develop entrepreneurial opportunities

Integration within the subject : 2.3; 3.3 & 4; 4.2
Extended activity :
Expanded opportunities :
Teacher ’s reflections :
Skills :Analyzing, manipulating information and formulas. Drawing skills
Knowledge:To be able to explain the effects of cost and revenue on prices and the level of productions.
Values : To be able to appreciate business objectives and calculate business’s revenue and profits.
Teacher’s Actions / Learners’ Activities / Resources / Assessment Strategies / Date Completed
  • Prior knowledge relating to the following concepts is asked
– production
-- revenue
-- marginal cost
--equilibrium price and
quantity
  • Explain the main objectives of the business, emphasizing on inputs and outputs in the production process.
  • Explaining, analyzing cost in the short run by calculations in a schedules with the aid of graphs.
  • Explaining, analyzing cost in the long run (economies and diseconomies of scale)by calculations in a schedules with the aid of graphs.
  • Summarizes by explaining (TC,AC and MC, revenue calculations)
/
  • Answer questions and take notes.
  • Listen and take notes.
  • Calculating using cost schedules given and constructing graphs.
  • Calculating using cost schedules and constructing graphs.
  • Listening,asking questions and taking notes.
/ Duster, chalk board, chalk, chart, learners’ books, pens,
Data response
Schedules,
Text book / C/W
H/W and C/W
H/W and C/W
Cass Assignment

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