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Week 8-9 - Ae

The document outlines a lesson plan for a class on market structures. It will discuss the four basic types of markets: perfect competition, monopolistic competition, oligopoly, and monopoly. It defines their key characteristics and features. The lesson will be delivered through synchronous online and face-to-face methods with study materials provided.

Uploaded by

Julien Ace Tongol
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36 views3 pages

Week 8-9 - Ae

The document outlines a lesson plan for a class on market structures. It will discuss the four basic types of markets: perfect competition, monopolistic competition, oligopoly, and monopoly. It defines their key characteristics and features. The lesson will be delivered through synchronous online and face-to-face methods with study materials provided.

Uploaded by

Julien Ace Tongol
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd
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ASIAN CAREGIVING & TECHNOLOGY EDUCATION CENTERS, INC.

School Quarte
Year
2023-2024 r 1ST
Molding Technology Professional for the 21 st
Century Subject Applied Economics Code A.E
LESSON PLAN Teacher JONAS D. TONGOL Date 10/22/2023

SCHEDULE:
WEEK 8-9:
MONDAY - G11 JADE at 10:00am - 12:00pm
October 23 and 24, 2023
TUESDAY - G11 EMERALD at 08:00am - 12:00pm
October 31, 2023
- G11 JADE at 02:00pm - 04:00pm
I. OBJECTIVE (Most Essential Competencies)

At the end of this lesson the learners are expected to:


 Differentiate market structures in terms of: (ABM_AE12-Ie-h-7)
a. Number of sellers
b. types of products
c. entry/exit to market
d. pricing power

II. CONTENT (Topic/Lesson)  Perfect Market and Its Features

III. LEARNING RESOURCES & DELIVERY


GOOGLE
A. SYNCHRONOUS MEET LINK
TIME

B. ASYNCHRONOUS ACTIVITY

G11 JADE - Silid ng Kaunlaran


C. FACE-TO-FACE CLASSROOM
G11 EMERALD - Silid Aklatan
 Study Guide
 PowerPoint Presentation with clicker
D. MATERIALS  https://drive.google.com/drive/u/1/folders/
1FEWkzgN2GCx4zDbsazvHVHYxdxSliCnh

IV. PROCEDURES
A. SYNCHRONOUS/ FACE- CLASS FLOW
TO-FACE A. Prayer
B. Checking/ Organizing the classroom
C. Attendance
D. Motivational Activity
E. Lesson Proper
I. Module 5: Perfect Market and Its Features

 There are 4 basic types of market by traditional


economic analysis and they are:
1. Perfect competition
 Main Characteristics of Perfect Competition
a. There is perfect knowledge, with no information
failure or time lags in the flow of information.
b. Given that producers and consumers have
perfect knowledge, it is assumed that they make
rational decisions to maximize their self-interest.
c. There are no barriers to entry in or exit out of
the market.
d. Firms produce homogeneous, identical, units of
output that are not branded.
e. Each unit of input, like labor, are also
homogeneous.
f. No single firm can influence the market price,
or market conditions.
g. There are very many firms in the market which
are too many to measure. As a result of no barriers
to entry.
h. There is no need for government regulation
except to make markets more competitive.
i. There are assumed to be no externalities.
j. Firms can only make normal profits in the long
run, although they can make abnormal (super
normal) profits in the short run.

2. Monopolistic competition
 Features of Monopolistic Competition
a. Many firms
b. Product differentiation
c. Freedom of entry and exit
d. Non-price competition

3. Oligopoly
 Features of Oligopoly Market
a. A relatively small number of firms in the industry
that dominate the market.
b. Differentiated products
c. Mutual interdependence of businesses
d. Relatively high barriers to entry due to
economies of scale
e. Businesses in the market earn super profits in
the long run

4. Monopoly
 Features of Monopoly
a. Strong barriers to entry
b. Imperfect knowledge
c. No advertising
d. One seller
e. The sole seller offers a product for which there
is no close substitute
f. Strong control over price or quantity

F. Take Aways
G. Closing Prayer
B. ASYNCHRONOUS/
ACTIVITY
V. UNIT ASSESSMENT
Prepared by:

Jonas D. Tongol
Instructor

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