분야
hwp2. Introduction
3. Lesson Description
4. Key Terms
5. General Objectives
6. Procedures
This lesson is designed to help our students' clear concept acquisition. So many part of this lesson is composed of a lecture, and questions & answers. In this class, we will focus on our main concept of 'Elasticity'. Because we assume that our students already learned what demand and supply is, we will not give much explanation of their concepts. Instead, students will be expected to learn the concept of elasticity, the meaning and examples of elastic or inelastic goods, the way of calculating elasticity of demand and supply, and the factors that affect elasticity.
To prevent losing the interest of students during an explanation, the lecture must be done with varied examples. And students will be working on calculating elasticity of demand and supply on their own.
4. Key Terms
Elasticity of demand, Elasticity of Supply, Elastic goods, Inelastic goods, Necessities, Luxuries
