### Lesson Plan: DEFINITION AND THE SCOPE OF ECONOMICS
#### General Information:
- **Grade Level:** Senior Secondary 1
- **Subject:** Economics
- **Duration:** 60 minutes
- **Topic:** Definition and the Scope of Economics
#### Objectives:
By the end of the lesson, students should be able to:
1. Define Economics.
2. Explain the scope of Economics.
3. Differentiate between Microeconomics and Macroeconomics.
4. Identify the importance of Economics in everyday life.
#### Materials Needed:
- Whiteboard/Chalkboard, markers/chalk
- Projector and computer (optional)
- Handouts with key terms and definitions
- Posters with key branching of Economics
- Interactive presentation slides (optional)
#### Lesson Structure:
1. **Introduction (10 minutes)**
- Greetings and attendance check.
- Briefly discuss what students know about Economics.
- Present the lesson objectives.
2. **Lesson Presentation (30 minutes)**
- **Definition of Economics (10 minutes):**
- Explain the origins of Economics from the Greek word 'oikonomikos.’
- Provide various definitions from known economists like Adam Smith and Alfred Marshall.
- Highlight that Economics is the study of how societies use scarce resources to produce valuable commodities and distribute them among different people.
- **Scope of Economics (20 minutes):**
- **Microeconomics:**
- Explain that Microeconomics focuses on individual consumers and businesses.
- Give examples such as demand and supply, price elasticity, consumer behavior, etc.
- **Macroeconomics:**
- Explain that Macroeconomics looks at the economy as a whole.
- Highlight key areas such as inflation, unemployment, economic growth, and monetary policy.
3. **Interactive Session (10 minutes)**
- Divide students into small groups.
- Provide each group with different scenarios where they should decide if they fall under Microeconomics or Macroeconomics.
- Discuss their findings and clarify any misunderstandings.
4. **Assessment (5 minutes)**
- Pose short-answer questions to assess understanding:
1. What is Economics?
2. Give two examples each of Microeconomic and Macroeconomic issues.
3. Why is the study of Economics important?
5. **Conclusion (5 minutes)**
- Summarize the key points discussed.
- Reinforce the importance of understanding both Microeconomics and Macroeconomics.
- Encourage students to observe economic activities in their daily lives and relate them to the concepts learned.
#### Homework:
- Ask students to read the next chapter on "The Basic Economic Problems."
- Assign a short essay on "How Economics affects individual and national decisions."
#### Evaluation:
- Monitor student participation during the interactive session and discussions.
- Review students' responses to the assessment questions.
- Evaluate the clarity and understanding in their homework essays.
#### Reflection:
- Reflect on student engagement and understanding after the lesson.
- Based on the evaluation, plan for any necessary follow-up activities or reviews in the next lessons.