Episode 12: Price Signals

This Episode 12: Price Signals audio also includes:

Does the government really control the prices of consumer products? Scholars look into the concept of price signals and how they relate to the overall buying and selling power in a market economy. The 12th lesson of a 21-part Economic Lowdown podcast series challenges scholars to interpret the idea of demand. They investigate the impact of people spending more on something than they did before and look into price gouging as well as other unfair practices. 

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CCSS: Adaptable
Instructional Ideas

  • Use current business advertisements to determine if any price signals are evident
  • Invite a local business person as a guest speaker to talk about how demand influences prices
Classroom Considerations

  • Students must have online access if assigning the podcast as homework 
Pros

  • Materials include written transcripts of the podcast
  • Resource provides a video of the podcast as an alternative for visual learners 
Cons

  • None