Lesson Plan: Economics - Markets and Prices

Title: "Markets and Prices"

Designed for Grades: 11-12

Estimated Time: 50 minutes

National Standards: Complies with NBEA Economics 2023 STANDARD: Analyze the role of markets and prices in the U.S. economy.

Objectives:

IV.1.1. Describe how relative price is used to allocate scarce resources.

IV.1.2. Describe and give examples of markets for goods and services in the U.S. economy.

Materials:

● Whiteboard or Smart Board

● How Prices are Determined Worksheets (10)

● Relative Prices Quiz

● Student laptops with internet connections