You need to create a plan of a lesson for a teacher. Format it using markdown formatting (do not use html tags, only use markdown, including...
Full lessonCreate for a teacher a set of content for giving a lesson, beginning with the lesson plan. Each new block of materials must begin with an H1 heading (other subheaders must be H2, H3, etc). When you describe required pictures, write those descriptions in curly brackets, for example: {A picture of a triangle}
Which subjectEconomics
What topicElasticity
What length (min)30
What age groupDoesn't matter
Class size20
What curriculum
Include full script
Check previous homework
Ask some students to presents their homework
Add a physical break
Add group activities
Include homework
Show correct answers
Prepare slide templates
Number of slides5
Create fill-in cards for students
Create creative backup tasks for unexpected moments

Lesson plan

Topic

Elasticity in Economics

Objectives

Materials

Grade/Age Group

Secondary school students (ages 14-16)

Subject

Economics

Class Size

20 students

National Curriculum Compliance

The lesson corresponds with the UK national curriculum for Economics at the secondary level, focusing on the principles of economic theory and practical applications.

Lesson Structure

Step Number Step Title Length (Minutes) Details
1 Introduction to Elasticity 5 Briefly introduce elasticity and its relevance in everyday economics. Provide examples of how elasticity affects pricing and demand.
2 Types of Elasticity 10 Discuss the three main types of elasticity: price, income, and cross. Use slides to illustrate definitions and factors influencing each type.
3 Formula Application 5 Introduce the formulae for calculating each type of elasticity. Solve a couple of examples on the board with student input.
4 Group Activity 5 Divide students into small groups of 4. Provide case studies for each group to identify types of elasticity in real-world scenarios.
5 Review and Reflect 5 Regroup and ask each group to summarize their findings. Clarify any misconceptions.
6 Homework Assignment 5 Distribute homework assignments that involve calculations of elasticity. Ensure students know how to complete and submit the work.

Homework

Complete the assigned elasticity calculations, applying different formulae learned in the lesson. Submit the work by the next lesson. Homework is to be checked at the beginning of the next lesson, without student presentations.

Lesson script