Title:  Elasticity of Demand

Target Pupils: 35-40

Duration: 60 Minutes

Topic objectives:

·         To know about elasticity of demand

·         To learn about important characteristics of elastic demand and inelastic demand.

·         Calculation of elastic and inelastic demand

 Learning Outcome:

After completing this lecture the students will able to-

·         Define or describe elasticity of demand

·         Describe the demand whether it is elastic or inelastic.

·         Decide by calculation about the elasticity of demand.

Content

Methods/ Techniques

Resources / Aid

Time required

Welcome speech, Introducing the topic, ice breaking, Attendance, Pre-assessment

Lecture, Q & A

White board/ Projector

10 Minute 

Development:

a)      Description of demand elasticity.

b)      Description of elastic and inelastic demand.

c)       Calculation of elastic and inelastic demand.

Lecture

Group Study

Discussion

White board

MMP

Videos

40 Minutes 

Conclusion:

Summing up the main points, Feedback and answer, Assessment of LOs, Forward plan

Discussion

Q & A

Quiz

White board

MMP

10 Minutes