Economics 14/10/2014

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Topic Economics
Economics of Sports

Lesson outline
Objectives
To understand how sports benefit economics
To understand the effect of venue profits to the economy
To learn the economic and social problems that countries faced with
To learn the risks and benefits to countries in the long run
To enhance academic vocabulary

National Curriculum

Year 10 Economics

Organisation/Student Groups
Whole/group
Key Vocabulary
Economic impact
Industry
Olympics
Profit
Benefit
Competitiveness

AusVELS
Students study the role of governments and other institutions that play in the economy as a whole,
and they evaluate their performance in achieving appropriate economic results.
Students describe the impact of macroeconomic and microeconomic policies on individuals and
businesses.
Economics 14/10/2014
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Materials, Resources & Equipment

Environment Requirements Whiteboard; smart board
Teacher Requirements Questions to be displayed on the smart board
Student Requirements Pen, Workbook

Sources
You tube videos:
Power of Sports Economy
London Olympics 2012: The Economic Impact


PHASE OF LESSON PLAN

BEGINNING OF THE LESSON

The Hook


Learning Intentions


Activate/Review


I will organise the video before class time. When class time begins, get
ideas from random students about what they know of economy in area
of sports.


Getting ready for the test and understanding the benefits of sports to
the economy as a whole.

Review of the content they have learnt in class.
Students take a note of what they have learnt in this class.


Teacher Input1











Teacher input2




Students will be given an explanation of what sports economics is,
why and how it impacts the economy as a whole. They will learn
the benefits of having Olympics for a country with examples.
After having a little discussion on what they already know,
students will watch a one minute video and a two minute you
tube video.

Academic vocabulary will be reviewed and the description for
each word clearly read.


Economics 14/10/2014
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Check for understanding






Students will need to answer the questions that are reflected on
the smart board about the two different videos.
They will share their answers within groups of 4 and also share
ideas with the whole class.

GUIDED PRACTICE

Development and
Engagement


Feedback and
Individual support



INDEPENDENT PRACTICE


Application






Students will be given handouts relating to the topic and complete the
tasks while having discussions in their own groups.


Students will be reinforced by giving verbal feedback according to their
questions.
Students will also be individually monitored and given verbal feedback
about their progress.






Students need to study for the test in their own time.

REVIEW

Review




What they have learnt about Sports/ Economics.
Students are to answer questions given by the teacher for homework.