Curated OER
Soda Sales
Students are shown how to chart a supply demand curve, analyze information from a chart and send and receive information to participating schools by use of telecommunications (an added objective could be for fund-raising). They determine...
Curated OER
Market Basics: Demand, Supply, and Price Determination
Students are introduced to the concepts of supply and demand. Using the Law of Demand and Supply, they develop charts and graphic models of supply and demand. They compare and contrast the behavior of consumers and suppliers when there...
Curated OER
Law of Supply
Review and restate the law of supply. In groups, learner practice reading a supply schedule and supply curve. They explain how and why changes in the cost of production change supply, then work together to complete practice problems to...
Curated OER
Law of Demand
Pupils review the law of demand. Using the law, they read a demand schedule and demand curve. They draw their own demand curve from data supplied to them. They identify and explain the four determinants of demand and work together to...
Curated OER
Market Structures and Competition
Students review concepts related to market structures and competition. Using supply and demand, they identify what factors cause them to shift and analyze business downward facing demand curves. They compare and contrast the abilities of...
Curated OER
Elasticity
Students are introduced to the topic of elasticity. As a class, they identify demand as being either price elastic or price inelastic when given examples. They discover the relationship between percentage changes in the quantity sold...
Curated OER
Surpluses, Shortages, and Equilibrium
Young scholars review and discuss the meaning of equilibrium. As a class, they participate in a game of "The Price is Right" in which they guess the true market price of various items. They explain how shortages and surpluses tend to...