Provide "acknowledged body of knowledge" related to the concept. Emphasize the most significant aspects of the concept in an organized, organic manner. Present information sequentially so students see continuity. Draw attention to important, discrete details; don't swamp students with myriad facts.

Acquire knowledge and skills to apply elasticity in economic situations.

Objective: Students acquire knowldege and skills to apply elasticity in economic situations.

Activity: Lecture: The lecture provides definition of the following: elasticity of demand; supply elsticity; cross price elasticity; income elasticity; degrees of elasticity; elasticity along a straight line demand curve; total revenue and expenditures and teh elasticity of demand; determinants of elasticty of demand; incidence of a tax. Students take notes and hand in summary papers in either linear or concept-map form indicating mastery of concepts and terms presented.