LESSON PLAN CLASS XI MONTH – JUNE INTRODUCTION TO MICRO ECONOMICS No of Periods – 8 1. Learning Objectives/ Outcomes To understand and know: Difference between micro and macro economics Differentiate between positive and normative economics Define production possibility frontier The central problems of an economy. Comprehend the causes of the different economic problems Scarcity and choices PPC and central problems of the economy 2. Rubric/Assessment Method Group Activity: Class to be given a worksheet on Wants and Needs, so that clarity about students previous knowledge to be tested. 3. Establishing the relevance of Learning Objectives Students will be able to relate that economic problem as a problem of choice. It arises due to scarcity of resources which can be put to alternative uses. Real life examples will be shared with students, for example central problems of an economy, opportunity cost, micro and macro, positive and normative. Human wants are unlimited Resources/ Means are limited Differ in urgency/intensity Can be put to alternative uses Problem of making a Choice Economic Problems 4. Confirming Pre-requisite Knowledge The teacher will ignite the prior knowledge and connect the content to the students by asking questions: How much do you get as pocket money? What are your wants? Breathing oxygen is your need or Want? As the students speak out their ideas aloud, the teacher will write their ideas on board. Gradually the teacher will connect the students content with the topic to be taken up in the particular unit. 5. Introducing New Knowledge 6. The teacher will introduce the topic with the quote, “ the problem of making a choice is called economic problem “,therefore the central problems, their causes, opportunity costs, Marginal opportunity costs and production possibility curves discussed. Difference between Positive VS. Normative Economics Meaning and Properties of PPC 7. Opportunities for Applying, Practicing or Reviewing Case Study on Practical applications of numerical and diagrammatic questions can be given. To activate the grey cells of the pupils some value based questions can be given, for example “There is oil shortage in India”. What measures would you suggest to handle the growing oil demand? 8. Formative Assessment The diagrammatic explanation of the PPC and it properties.. The students will use a table and draw diagram to show given economic changes on PPC with respect to the change in the availability of resources ( increase or decrease ) and its impact on the production potential of the economy (Rightward or Leftward shift), if resources remain unaffected then no effect on the PPC. S. No. Economic Change Impact on PPC of Economy (Indian) PPC will shift to its right 1. “Make in India” 2. “Education for all’ campaign” PPC will shift to its right 3. ‘’Swachh Bharat Mission’’ PPC will shift to its right 4. Outflow of foreign capital PPC will shift to its left 5. Economic slowdown in foreign countries causing fall in Indian exports No effect on PPC Reason Increase in resources implying increase in production potential Increases efficiency of human resources Increases efficiency level of human resources Reduction in resources implying decrease in production potential Reduction in resources implying decrease in production potential 9. Reflection and Consolidation Based on the lesson Dumb Charade game can be played at the end of the chapter. Quick question and answer session will be conducted based on the chapter Pen Paper Test/Worksheet based up on PPC & it’s causes, Shift Vs Rotation in PPC and How PPC can solve central Economic Problems etc. can be asked. 10. Teaching-Learning Material Required NCERT Textbook Notebook Green Board, Chalk and Duster Audio.Visual (https://youtu.be/wdJYwlijFas) Chart paper 11. Taking care of Differentiation Online reinforcement (Doubt clearing sessions) classes can be conducted. Worksheet with basic level of questions should be solved by the students. News-paper clippings should be brought by the students based up on PPC or Central Economic Problems so that class room discussion/Presentation can be done from the given Clipping.