📚 WEEK 5 LESSON PLAN – Applied Economics (2.
5 Hours)
Grade Level: Grade 12 – ABM
Subject: Applied Economics
Week: 5
Topic: Types of Market Structures
Time Allotment: 2.5 hours
Mode: Lecture, comparative analysis, group activity
🎯 Learning Objectives
By the end of this session, learners will be able to:
1. Define market structure and explain its relevance to
economics.
2. Describe the characteristics of four major market structures:
o Perfect Competition
o Monopolistic Competition
o Oligopoly
o Monopoly
3. Compare and contrast these structures using real-life
examples.
4. Analyze how market structure affects pricing, competition, and
consumer welfare.
🧠 Lesson Sequence
⏰ Part 1: Introduction / Motivation (15 minutes)
Activity Title: "Guess the Market!"
Present short product/business profiles (without naming the
structure):
“Only one company provides electricity in Metro Manila.”
“Multiple brands offer milk tea, each with a unique flavor.”
Ask:
How are these businesses different in terms of competition and
pricing?
What influences their behavior?
📌 Transition to market structures: These business situations reflect
different levels of competition in the economy.
⏰ Part 2: Lecture & Discussion (50 minutes)
🔹 A. What is a Market Structure?
A market structure refers to the organization and
characteristics of a market, especially relating to the number
of sellers, type of products, and level of competition.
🔹 B. Types of Market Structures
Number Control
Structure Type of Product Example
of Sellers Over Price
Perfect Identical/ Wet market
Many None
Competition homogeneous vendors
Monopolistic Fast food,
Many Differentiated Some
Competition retail shops
Similar/ Considerabl Telecoms,
Oligopoly Few
differentiated e airlines
MERALCO,
Monopoly One Unique Full
MWSS
📊 Use a chart or matrix to help visualize comparisons.
🔹 C. Key Characteristics to Compare:
Number of sellers
Product differentiation
Entry/exit barriers
Pricing power
Level of competition
Consumer choice
⏰ Part 3: Activity – Market Structure Skits (35 minutes)
Title: “Live from the Market!”
1. Group students into 4 teams, each assigned a market
structure.
2. Groups prepare a short skit (3–5 minutes) simulating their
assigned structure:
o Include how prices are set
o How businesses compete (or don’t)
o What consumers experience
3. After each performance, classmates guess the market
structure shown.
📌 Purpose: Reinforce characteristics through creative roleplay.
⏰ Part 4: Processing & Integration (20 minutes)
Class Discussion Prompts:
Which market structure seems most fair to consumers?
Which structure would you prefer to operate in as a business
owner?
How do monopolies benefit or harm society?
📌 Emphasize that each structure has advantages and disadvantages,
depending on perspective (consumer vs. business).
⏰ Part 5: Quiz / Assessment (15 minutes)
Sample Quiz Items:
1. What market structure has the most competition?
2. Give an example of an oligopoly in the Philippines.
3. Compare monopoly and monopolistic competition in terms of
product and pricing.
4. Identify the market structure: “There are hundreds of sellers
selling identical rice.”
5. True or False: In perfect competition, sellers can freely raise
prices.
📘 Materials Needed
Market structure summary chart
Scenario cards for warm-up or skit prompts
Rubric for skits (optional)
Quiz sheets