Lesson Plan: The Three Major Economic Questions

Grade Level: Primary 12 (Ages 10-12)

Subject: Social Studies/Economics

Duration: 45 minutes

Objectives: 1. Students will understand the three major economic questions: What to produce? How to produce? For whom to produce? 2. Students will be able to apply their understanding of the three major economic questions to real-life scenarios. 3. Students will engage in critical thinking and problem-solving skills through questioning and discussion.

Materials: - Whiteboard or blackboard - Markers or chalk - Video resources: - “The Three Major Economic Questions Explained” (https://youtu.be/ABC123) - “Economic Questions and Scarcity” (https://youtu.be/XYZ456) - Worksheet: “Three Major Economic Questions Worksheet” (provide a link to a downloadable worksheet)

Introduction (5 minutes): 1. Greet the students and explain that today’s lesson will focus on understanding the three major economic questions. 2. Ask the students if they have ever wondered how goods and services are produced and distributed in our society. 3. Share that economists ask three important questions to guide the production and distribution of goods and services.

Lesson Outline: 1. Presenting the Three Major Economic Questions (10 minutes): a. Write the three major economic questions on the board: - What to produce? - How to produce? - For whom to produce? b. Explain each question briefly, providing examples and relating them to the students’ daily lives. c. Show the video resource “The Three Major Economic Questions Explained” to reinforce understanding.

1. Questioning and Discussion (15 minutes): a. Engage the students in a discussion by asking open-ended questions related to the three major economic questions. b. Encourage students to share their thoughts and ideas, and provide examples to support their answers. c. Use probing questions to deepen their understanding and critical thinking skills.

2. Applying the Three Major Economic Questions (10 minutes): a. Distribute the “Three Major Economic Questions Worksheet” to each student. b. Instruct students to read the scenarios provided and answer the questions based on the three major economic questions. c. Allow students to work individually or in pairs to complete the worksheet. d. Circulate the classroom to provide assistance and guidance as needed.

Assessment (5 minutes): 1. Collect the completed worksheets and review them to assess students’ understanding of the three major economic questions. 2. Provide feedback and address any misconceptions or areas that need further clarification.

Differentiation: 1. For students who need additional support, provide simplified scenarios or examples to help them grasp the concepts. 2. For advanced students, encourage them to think critically and apply the three major economic questions to more complex scenarios.

Plenary (5 minutes): 1. Summarize the key points discussed during the lesson. 2. Show the video resource “Economic Questions and Scarcity” to reinforce the concepts learned. 3. Allow students to ask any remaining questions or share their reflections on the topic.

Note: The video and worksheet resources mentioned in this lesson plan are fictional and should be replaced with actual resources available to the teacher.