Economics 101

The main goals of this ESL lesson plan are to:

• – introduce economic concepts and new vocabulary,
• – watch a video about how the economy works,
• – stimulate a discussion on the topic of different forces that drive the economy.

This B2 lesson introduces students to fundamental economic principles, including production, consumption, banking, and the government’s role in the economy.  

Warm-up:

We’ll begin with an activity where students identify key components of the economy based on provided clues.

Video:

Students will watch a video “How The Economic Machine Works by Ray Dalio.” Afterward, we’ll discuss key takeaways through targeted questions.

Exercises:

Students will have the chance to practice their new knowledge through interactive tasks, including matching terms with their meanings, identifying terms from hints, and guessing economy-related concepts based on clues.

Reading:

Students will read a concise text about how the economy works, followed by comprehension questions to ensure understanding.

Discussion:

The lesson concludes with a discussion.