High School Lesson Plans
INSTRUCTIONAL OBJECTIVES:
Students will:
- Identify and discuss the common characteristics of people who become entrepreneurs
- Rate the importance of specific characteristics to the success of entrepreneurs
- Compare their rating of specific characteristics with the rating of specific characteristics the rating given by entrepreneurs
- Evaluate themselves in terms of the characteristics common to entrepreneurs
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INSTRUCTIONAL OBJECTIVES:
Students will:
- Differentiate between an inventor and an entrepreneur
- Differentiate between an entrepreneurial
opportunity and an entrepreneurial idea
- Define innovation
- Given a list of entrepreneurial opportunities,
suggest entrepreneurial ideas for responding to
each
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INSTRUCTIONAL OBJECTIVES:
Students will:
- Define demand and demonstrate knowledge of
how the law of demand functions
- Explain why demand is necessary to the
success of any enterprise including
entrepreneurial ventures
- Identify and explain determinants of demand
- Construct and read a demand curve
- Recognize situations that result in a shift in
demand and determine the direction and
economic consequences of the shift
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INSTRUCTIONAL OBJECTIVES:
Students will:
- Discuss the role of profit as the basic incentive
for running a business in the United States
- Compute the cost of production for a given
business venture
- Distinguish between fixed and variable costs of
production and give examples of each
(Optional Activity)
- Identify and explain alternative measures of
profit and their implication for measuring the
profitability of an entrepreneurial enterprise
(Optional Activity)
- Compare revenue and cost data to determine
profitability of an entrepreneurial venture
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INSTRUCTIONAL OBJECTIVES:
Students will:
- Describe the three types of business
organizations in a market economy and cite
examples from the local community or region
- Compare the advantages and disadvantages of
each type of business organization in a market
economy
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Used with permission. Master Curriculum Guide: Economics and Entrepreneurship
© 1991, National Council on Economic Education, New York, NY. All rights reserved.
For more information visit www.ncee.net or call 1-800-338-1192.
