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This Episode 1: Supply instructional video also includes:
- Supply (audio version)
- Reading Passage
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It's all about timing ... when is the right time to raise the price or produce more if supply is low? The first lesson of a 10-part series on economics investigates the supply curve in business. Scholars watch a short video explaining how profit drives supply and prices. They engage in open discussion on how the availability of a product directly impacts its cost to the consumer, forming the supply curve.
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25 Downloads
CCSS:
Adaptable
Concepts
Additional Tags
Instructional Ideas
- Hand out advertisements to see how supply and demand impact the prices of items on sale
- Invite a local business person as a guest speaker to talk about the supply curve and why stores price items the way they do
Classroom Considerations
- Requires an Internet connection if assigning the video as homework
Pros
- Video lesson includes a podcast option for audio listeners
- Resource provides a written transcript of video for teacher planning
Cons
- None