Formal Lesson Plan – Market Structures
Teacher Name: Parag Joshi
School: Manchester High School
Course: Economics
Grade(s): Grade 12
Period: 6
Date: 3/16/15
Number of students: 17
1. Content Standards used in this lesson (from the CT Social Studies Framework)
– ECO 9–12.1 Analyze how incentives influence choices that may result in
policies with a range of costs and benefits for different groups.
2. Learner Background (students’ prior knowledge or skills related to the learning
objectives) – Students have just finished a unit on supply and demand and are
now moving into a unit on market structures. For homework, students were
assigned reading to give them basic background information on market
structures. This lesson is designed to provide more information on market
structures and to have students apply the principles of each market structure to a
real world simulation.
3. Learning Objectives (specific and measurable) – Students will understand how
the four major market structures operate in a modern day economy and how
different market structures have differing effects on both consumers and
producers.
4. Assessment (how students will demonstrate mastery of the student learning
objectives) – Students will be assessed based upon their participation in the
market structure simulation and the class discussion following each round of the
simulation. Students will also be assessed on their completion of worksheets that
accompany each round of the simulation.
5. Materials and Resources – This lesson will be using a PowerPoint presentation
to quickly review the information the students read on the four major types of
market structures. For the simulation, I will be using eight different handouts of
which each student will receive four of them depending on if the student is either
a consumer or a producer.
6. Learning Activities (instructional grouping used in each lesson segment and
approximate time frames for each)
Initiation (set expectations for learning, how it will be demonstrated) – In
order to set expectations for the simulation on market structures, I will be
using a short PowerPoint presentation to reintroduce the topics the
students had read for homework the previous night. I will also use the
PowerPoint to introduce the simulation on market structures.
Lesson Development (what you will do to model or guide practice, and
learning activities students will engage in to gain the knowledge and skills
identified in the Learning Objectives) –
 To model and guide practice I will simulate a short example of the
simulation for the students in order to scaffold the activity they will
be doing in class.
 In order to represent each market structure (Perfect Competition,
Monopolistic Competition, Oligopoly and Monopoly), students will
take part in a simulation in which they will participate as either
consumers or producers within a given type of market structure.
 While participating in each of the market structure, consumers will
be trying to purchase the highest number of jolly ranchers using the
budget they are allotted for a given round. Producers on the hand
will be trying to sell their goods at the highest possible profit,
creating a struggle for power between the consumers and
producers.
Closure (how you will help students understand the purpose of the
lesson, and interact with students to elicit evidence of student
understanding of the purposes of learning and the mastery of objectives) –
In order to create closure in my lesson and each of the rounds in the
simulation, I will have students answer three questions at the end of each
round. These questions will ask students to analyze who has more power
within a given market structure (consumers or producers) and have them
think of real world markets that replicate each of the four market
structures.
7. Individuals Needing Differentiated Instruction (evidence for this, and how
that need will be met in this lesson) – Overall, I will be differentiating this lesson
by having students take part in different roles during the simulation. This will
allow students to see how the differing market structures affect both consumers
and producers differently. Additionally, to accommodate for multiple learning
styles, I will also be including a visual aid in the form of a PowerPoint plus
sections of the lesson will have students creating independent responses so that
students will be responding both verbally and orally.