Economics Lesson Plan

Note - Before reading the article on How to make an economics lesson plan? , you should have a look at the format for making a lesson plan in your worksheets. The format of making an economic lesson plan should be like this or you may change the format according to your needs and requirements.

Teaching Points	Teacher/Trainee Teacher activity	Student’s activity	Black-Board Work

Lesson Plan Economics on Balance of Payment (BOP)

Check Also:

Note: The Economics Lesson Plan given below is just an example. You can change the Name, Class, Course, Date, Duration, etc. according to your needs.

Teacher / Trainee Teacher name – (Here the name of the teacher should be written)
Class/grade – 9th, 10th,11th, and 12th
Subject – Economics ( Business Economics)
Duration of the period – 40 to 60 minute
The average age of the students – 16 years
Topic – Balance of Payment (BOP)

sample and detailed Economics lesson plans for high school teachers and b.ed for class and grade 9 10 11 and 12 pdf download free

Content Analysis –

Meaning of balance of payment
Causes of an unfavorable balance of payment

General aims –

To develop an interest in economics among students
To develop a positive attitude towards economics
To develop creativity in economics
To develop thinking, reasoning related to the balance of payment

Instructional objectives –

Students will be able to define the balance of payment
Students will be able to list the causes of an unfavorable balance of payments
Students will be able to describe the meaning of balance of payment
Students will be able to explain the causes of an unfavorable balance of payment
Students will be able to find the meaning of the balance of payment.
Students will be able to find the causes of an unfavorable balance of payments.

Teaching Aids used –

General teaching aids – Chalk, blackboard, duster, pointer, etc.
Instructional teaching aids – chart showing causes of unfavorable BOP

Previous knowledge assumed – It is assumed by the teacher/trainee teacher before entering the classroom that pupils have some knowledge about BOP.

Previous knowledge testing –

Teacher / Trainee Teacher activity	Student Activity
What do you call the amount paid for buying goods?	Payment
What do you call when the shopkeeper gives a bill for purchasing goods?	Receipt bill
What do you call the statement of receipts and payment with other countries of the world	No response

The announcement of the Topic –

Finding students unable to answer the last question, the teacher or trainee teacher will announce the topic by saying, “Well Students”, Today we shall study the balance of payment.

Presentation –

By using the chart and inductive-deductive method of teaching, the teacher or trainee teacher will develop the lesson plan

Teaching point	Teacher/pupil-teacher activity	Student’s activity	Chalkboard work
meaning of balance of payment	The teacher will explain the meaning of the balance of payment while moving in the classroom. The balance of payments, also called the balance of international payments ( B.O.P. or BoP), of a country is the record of all economic transactions between the residents of the country and the rest of the world in a particular period of time (over a quarter of a year or more commonly over a year)	Students will listen carefully write in their notebooks	Accounts of all receipts and payments with other countries
causes of an unfavorable balance of payment	The teacher will explain the causes of an unfavorable balance of payment while showing the chart Causes of an unfavorable balance of payment are – Import of machinery Import of war equipment price disequilibrium Foreign competition More demand for consumption of goods	students will listen carefully	Causes of an unfavorable balance of payment 1. Import of machinery 2. Import of war equipment 3. price disequilibrium 4. Foreign competition 5. More demand for consumption of goods
Import of machinery	The teacher will explain the import of machinery while moving into the class, “During World War II and during 5-year plans, machinery was imported which are being costly.	students will listen carefully
Import of war equipment	The teacher will ask the student, “What do you mean by war equipment”?	Which are needed in war are called war equipment
	Good, In order to defend the country, India had to import ware equipment
price disequilibrium	teacher/trainee teacher will explain to the students about price disequilibrium while moving in the classroom	Students will listen carefully and write down in their notebooks.
Foreign competition	The teacher will ask the students, “What do you mean by foreign competition?”	no response
	Now the teacher states that “India mainly exports tea and textiles but now foreign competition in these goods is growing. The teacher will ask the students which country is India’s competitor in Jute Export?	Bangladesh
	Good! , “Bangladesh is India’s competitor in Jute export”
more demand for consumption of goods	The teacher or trainee teacher will ask the students, “What are the consumption goods”?	TEA, oil, seeds
	These are called consumption goods because due to an increase in population, their demand within the country has gone up. So the export of these goods has stored in warehouses.

Generalization –

It is generalized by the teacher that all the students have acquired the knowledge about the causes of an unfavorable balance of payment.

Recapitulation –

In order to recapitulate the students, pupil-teacher will ask the following questions:

What do you mean by the balance of payment?
What are the causes of an unfavorable balance of payment?

Home Work –

What do you mean by the balance of payment?
What are the causes of an unfavorable balance of payment?
What do you mean by Price disequilibrium?

Context – Business Economics – Class 9, 10, 11, and 12

Check Also:

Further Reference:

learningclassesonline Economics Lesson Plan for B.Ed

3 Comments

Please Share your views and suggestions in the comment box

Unknown8:51 AM
Provide the lesson plan of economics for class 10
Unknown9:54 PM
Quite helpful for getting basic idea for preparing lesson plan on Economics.highly obliged.
Gurjot Kaur7:45 PM
Sir, pls provide activity based lesson plans on commerce and economics subject

Economics Lesson Plan