High School Lesson Plans

Can I be an entrepreneur?

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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What is an entrepreneurial innovation?

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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How much are consumers willing to pay? (demand)

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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Profits and entrepreneurship

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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What type of business should I start?

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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NCEE - National Council of Economic Education

 

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.

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