Objective: Explain market structures.

Subject: Applied Economics

Grade Level: Grade 11

Learning across curriculum:

1. Mathematics - Analyzing supply and demand curves in different market structures.

2. Social Studies - Studying the historical development of market structures.

3. Business Management - Exploring the impact of market structures on business

strategies.

Review Motivation:

1. Show a video clip of a popular brand and ask students to discuss why it is
successful in the market.

2. Conduct a mini-debate on whether competition or monopoly is better for

consumers.

3. Present a case study of a market structure and ask students to identify its
characteristics.

Activity 1: Identifying Market Structures

Materials: Whiteboard, markers, handouts

Instructions:

1. Divide the class into groups.

2. Provide each group with a handout containing descriptions of different market

structures (perfect competition, monopoly, oligopoly, monopolistic competition).

3. Instruct the groups to match the descriptions with the correct market structure.

4. After completing the activity, discuss the answers as a class.

Rubrics:

- Correctly matched descriptions: 3 points

- Partially correct answers: 2 points

- Incorrect answers: 1 point

Assessment Questions:

1. What are the characteristics of perfect competition?

2. How does a monopoly differ from other market structures?

Activity 4: Market Structure Comparison

Materials: Whiteboard, markers, handouts

Instructions:

1. Divide the class into pairs.

2. Provide each pair with a handout containing a table comparing the characteristics
of different market structures (perfect competition, monopoly, oligopoly, monopolistic
competition).

3. Instruct the pairs to fill in the table by identifying and comparing the characteristics
of each market structure.

4. After completing the activity, discuss the answers as a class.

Rubrics:

- Accurate identification and comparison of market structure characteristics: 3 points

- Partially correct answers: 2 points

- Inaccurate or incomplete answers: 1 point

Assessment Questions:

1. How does the level of competition differ in each market structure?

2. What are the barriers to entry in each market structure?

Analysis:

Activity 4 allows students to compare and contrast the characteristics of different

market structures. It helps them develop a deeper understanding of how competition,
barriers to entry, and market power vary across market structures.

Activity 5: Market Structure Research Project

Materials: Laptops or tablets, research materials

Instructions:

1. Assign each student a specific market structure (perfect competition, monopoly,

oligopoly, or monopolistic competition).

2. Instruct students to research their assigned market structure, focusing on its

characteristics, advantages, disadvantages, and real-world examples.

3. Students should create a presentation summarizing their findings and present it to

the class.

Rubrics:

- Thorough and accurate research on market structure: 3 points

- Partially complete research: 2 points

- Inadequate research: 1 point

Assessment Questions:

1. How did the assigned market structure affect the competition and pricing in the
real-world examples presented?

2. What are the potential drawbacks or limitations of the assigned market structure?

Analysis:

Activity 5 allows students to delve deeper into a specific market structure and
develop research skills. It encourages critical and analysis by examining real-world
examples and evaluating the advantages and disadvantages of each market
structure.
Activity 6: Market Structure Debate

Materials: Timer, debate topics

Instructions:

1. Divide the class into two teams: Team A supporting perfect competition and Team
B supporting monopoly.

2. Assign debate topics related to market structures to each team.

3. Teams will have a set amount of time to prepare arguments supporting their
assigned market structure.

4. Conduct a debate where each team presents their arguments and counters the
opposing team's arguments.

Rubrics:

- Clear and persuasive arguments supporting the assigned market structure: 3 points

- Partially clear arguments: 2 points

- Weak arguments or inability to counter opposing team's arguments: 1 point

Assessment Questions:

1. How well did each team present their arguments and counter the opposing team's
arguments?

2. What are the advantages and disadvantages of both perfect competition and
monopoly?

Analysis:

Activity 6 encourages critical thinking and persuasive communication skills. It allows

students to explore different viewpoints on market structures and understand the
arguments for and against perfect competition and monopoly.

Note: Remember to adjust the rubrics and assessment questions based on

your specific learning objectives and desired outcomes.
Analysis:

After completing Activity 1, students should have a basic understanding of the

different market structures and their characteristics. They should be able to
differentiate between perfect competition, monopoly, oligopoly, and monopolistic
competition.

Activity 2: Case Study Analysis

Materials: Case study handouts, laptops or tablets

Instructions:

1. Distribute case study handouts to each student.

2. Instruct students to read the case study and identify the market structure based on
the given information.

3. Students should work individually or in pairs to analyze the case study and answer
the questions provided.

Rubrics:

- Accurate identification of market structure: 3 points

- Partially correct answers: 2 points

- Inaccurate or incomplete answers: 1 point

Assessment Questions:

1. How does the market structure affect the pricing decisions of the company in the
case study?

2. What barriers to entry exist in the market structure of the case study?

Analysis:

Activity 2 allows students to apply their knowledge of market structures to real-life

scenarios. It helps them understand how market structures impact business
decisions and competition.
Activity 3: Market Structure Simulation

Materials: Whiteboard, markers, props (optional)

Instructions:

1. Divide the class into groups.

2. Assign each group a market structure (perfect competition, monopoly, oligopoly,

or monopolistic competition).

3. Instruct the groups to create a simulation or role-play activity that demonstrates

the characteristics of their assigned market structure.

4. Each group should present their simulation to the class.

Rubrics:

- Clear demonstration of market structure characteristics: 3 points

- Partially clear demonstration: 2 points

- Inadequate demonstration: 1 point

Assessment Questions:

1. How did the simulation accurately represent the assigned market structure?

2. What did you learn from the simulations presented by other groups?

Analysis:

Activity 3 encourages students to actively participate in the learning process by

creating and presenting their own simulations. It allows them to deepen their
understanding of market structures through hands-on experience.

Abstraction:

Students will summarize the key characteristics of each market structure and create
a visual representation (e.g., infographic or concept map) to showcase their
understanding.
Application:

Students will be given a real-life problem related to market structures, such as

analyzing the impact of a new competitor entering an oligopolistic market. They will
apply their knowledge to propose strategies for existing firms to maintain their market
share.

Assessment:

Teachers can assess student learning through class participation, group activities,
case study analysis, and the quality of their visual representation of market
structures.

Assignment:

Students will be assigned to research and write a short essay on a specific market
structure of their choice. They should discuss its advantages, disadvantages, and
real-world examples.