Summary
Students will enhance their understanding of core economic concepts including utility, marginal utility, and opportunity cost through engaging video analysis, targeted vocabulary exercises, and grammar practice focused on second and third conditionals. The lesson aims to equip learners with the language and analytical skills to discuss complex economic principles and the nuances of human decision-making.
Activities
Students begin with a warm-up discussion, exploring personal perceptions of value, hypothetical choices in scarcity, and factors influencing purchasing decisions.
Learners will match key economic terms such as paradox, use value, exchange value, opportunity cost, and utility with their correct definitions. Through watching an explanatory video, students will define core concepts like the paradox of value and marginal utility, and later complete a summary task to solidify comprehension of the main argument.
Students practice using second and third conditionals by completing sentences related to economic theories, applying these grammatical structures to hypothetical scenarios.
In a collaborative activity, learners analyze various real-life scenarios, applying the economic concepts learned (e.g., utility, opportunity cost, marginal utility) to explain decision-making processes.
Vocabulary focus
The vocabulary focus centers on terms crucial for understanding economic principles and the paradox of value. Key terms include paradox, use value, exchange value, opportunity cost, utility, marginal utility, and diminishing marginal utility.
Students will practice these words in context through matching, sentence completion, and application in discussion, enhancing their ability to articulate economic ideas accurately.
Grammar focus
The grammar focus is on conditional sentences, specifically the second conditional (If + past simple, ... would + infinitive) for discussing present or future unreal hypothetical situations, and the third conditional (If + past perfect, ... would have + past participle) for past unreal hypothetical situations.
Exercises enable students to master these structures for discussing economic theories and their implications.
Class files
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