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WEEK 4 LESSON PLAN 1 Def Demand and Law of Demand .

The document outlines a lesson plan for teaching 9th grade students about price theory, including defining demand, the law of demand, and demand schedules. It provides content on these economic concepts to be explained by the teacher, activities for students to complete, and methods for assessment.

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Thandeka Malatshi
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402 views4 pages

WEEK 4 LESSON PLAN 1 Def Demand and Law of Demand .

The document outlines a lesson plan for teaching 9th grade students about price theory, including defining demand, the law of demand, and demand schedules. It provides content on these economic concepts to be explained by the teacher, activities for students to complete, and methods for assessment.

Uploaded by

Thandeka Malatshi
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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NATIONAL CURRICULUM STATEMENT

ECONOMIC AND MANAGEMENT SCIENCES


LESSON PREPARATION
TERM 2

GRADE 9 SUBJECT EMS WEEK(S): 4 HOURS: 30 MINUTES PERIOD: 1


DURATION:
DATE STARTED: DATE COMPLETED:

TOPIC:
THE ECONOMY
PRICE THEORY
LINKS WITH PREVIOUS LESSON: LINKS WITH NEXT LESSON(S):
 The Circular Flow  Demand curve

CONTENT: KEY TERMS (VOCABULARY):


 What is demand, Law of demand Demand. Law of demand, Market

TEACHER ACTIVITIES LEARNER ACTIVITIES DURATION


BASELINE:  Learners listen and respond to Baseline: 5min
Learners already know what is a need and want. They know questions posed by the teacher.
markets, different types of markets and the activities that take place
at the market.

Ask learners the following questions:


Q: What is a market?
A: A market is a place where buyers and sellers meet to do
business in exchange for goods and services by using money as a
medium of exchange.
Prices are determined in the market. Buyers demand goods which
sellers must supply.
Q: Define a need and a want.
A: A need is something you cannot live without and a want is
something you can live without.
 Demand for a product is not the same as a need or want. Most
people want things that they cannot afford to buy, these wants
do not represent a demand for the product as we cannot afford
to pay for them.

Price Theory
 This module looks at how the concepts of demand and supply  Teacher explains, learners listen and
influence market prices. ask clarity seeking questions.
 The economic problem of scarcity results in the forces of
demand (originating from consumers’ wants) and supply  Learners take notes down in their
(producers’ reaction). class work books.
 The forces of demand and supply leads to the creation of
markets.
 Demand and supply are market forces that determine prices.
 Prices are determined at the consumer market and the factor
market.
Demand
 Demand is defined as the quantities of a product that
consumers/buyers are willing and able to buy at specific prices
at a specific time. Lesson: 20min
 Demand for a product is not the same as a need or want. Most
people want things that they cannot afford to buy, these wants
do not represent a demand for the product as we cannot afford
to pay for them.
Law of demand
 The law of demand states that when the price of a product
increases, the demand for that product will decrease. When the
price of a product decreases, the demand for that product will
increase.
 This means that there is an inverse relationship between the
price and the quantity demanded.
Demand Schedule
 Demand schedule is a table which shows the quantity
demanded of a product at different prices.
 Learners are given Activity 1 to complete in class and if not to be  Learners start on activity 1 in class and
Activity 1: 5min
completed at home. complete at home.
TEACHING STRATEGY/ METHODOLOGY
Co- operative learning  Lecture / Direct instruction
Discussion  Visual/ Practical Demonstration 
Explanation  Simulation
Observation  Use of technology and instructional resources 
Question and answer  Role playing
Pre-test Interviews
Other : Other:
ASSESSMENT
FORM TOOL METHOD
Data Response Poster Memorandum  Baseline 
Project Class work  Rubric with scales/Criteria Formal
Case Study Homework Checklist Informal 
Control Test Assignment Observation Sheet Educator 
Examinations Class Test Other: Self 
Debate Data Response Peer 
Drama Other : Other :
RESOURCES: OHP/Whiteboard/ Chalkboard/Worksheets/Hand-outs, pencils, pens, Textbook(s), Charts, class notes.

TEACHER REFLECTION EXPANDED OPPORTUNITIES/ ENRICHMENT

______________________________________________________
______________________________________________________
______________________________________________________

Name of Teacher: ____________________________ HOD: _________________________________

Signature: __________________________________ Signature: _____________________________

Date: _____________________________________ Date: _________________________________


Support Material

ACTIVITY:
Class work

Define the following concepts:


1. Demand
2. Law of demand
3. Demand schedule

POSSIBLE ANSWERS:

1. Demand is defined as the quantities of a product that consumers/buyers are willing and able
to buy at specific prices at a specific time.

2. The law of demand states that when the price of a product increases, the demand for that
product will decrease. When the price of a product decreases, the demand for that product
will increase. Demand schedule is a table which shows the quantity demanded of a product
at different prices.

3. Demand schedule is a table which shows the quantity demanded of a product at different
prices.

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