Semester Plan
TN-LP-ECON-IB-41506 · v1.8
Applying Market Structures
IB Diploma · Economics · Demand and Supply and Market Structures · Market Structures · Common Core
Grade
IB Diploma
Subject
Economics
Unit
Demand and Supply and Market Structures
Topic
Market Structures
Subtopic
Applying Market Structures
Curriculum
Common Core
Duration
2700 minutes
Difficulty
Mixed
Teacher name
Class
Date
Learning objectives
- Recognise and define applying market structures accurately.
- Explain the underlying rule of applying market structures in your own words.
- Apply applying market structures to routine and unfamiliar economics problems.
- Justify a chosen method and spot errors in another student's work.
Success criteria
- I can state what applying market structures means without notes.
- I can complete a worked example with correct setting out.
- I can solve an unfamiliar question and explain my reasoning.
Prerequisite knowledge
- · Vocabulary from earlier in Market Structures.
- · The immediately preceding subtopic in Demand and Supply and Market Structures.
- · Number, notation and recording conventions for IB Diploma.
Key vocabulary
Applying Market Structures · Market Structures · Demand and Supply and Market Structures · Method · Justify · Evidence
Materials
- · Applying Market Structures worksheet — one per student
- · Mini-whiteboards and pens
- · Exit ticket slips
- · Working-wall vocabulary cards
Technology
- · Projector or interactive display
- · Slide outline (PowerPoint export)
- · Optional: student devices for the interactive worksheet
- · Low-tech alternative: printed model examples
Preparation checklist
- Print the student worksheet and the exit ticket
- Load the slide outline and the hook
- Prepare the three differentiation packs
- Set out practical or manipulative equipment
- Have the answer key to hand for live marking
Standards alignment
- · Common Core — Economics IB Diploma: Market Structures strand
- · Demand and Supply and Market Structures unit outcome: apply applying market structures accurately
- · Assessment objective: reason, justify and communicate in economics