Supply and Demand > Lesson Plan for Teachers



Supply and Demand




Above image downloaded 6/18/05 from: http://animationeconomics.com/Supply and Demand/14.html


Objectives

Students will be able to define the following: supply, demand, inferior good, normal good, substitute, complement, law of supply, and law of demand.

Students will be able to distinguish between changes in demand and supply and changes in quantity demanded or supplied.

Students will be able to predict how external forces impact supply and demand curves and equilibrium quantity and price.


Procedure

1. Students will access a tutorial website entitled "Supply and Demand" which can be found at the following url: http://www.schools.manatee.k12.fl.us/072JGALINDO/supplyanddemand/

2. Students will participate in a pre-test experience to determine their current understanding of supply and demand.

3. Students will navigate the above mentioned website and participate in the interactive activities provided to supplement their understanding of supply and demand.

4. Students will READ two articles contained therein which will apply supply and demand theory to the real world.

5. Students will participate in a post-test experience designed to evaluate what they have learned about supply and demand.

Sunshine State Standards

SS.D.2.4.2

The student assess the dynamics of supply and demand.


NETS Profiles for Technology Literate Students

1. Basic operations and concepts

Students demonstrate a sound understanding of the nature and operation of technology systems.

Students are proficient in the use of technology.

2. Social, ethical, and human issues

Students understand the ethical, cultural, and societal issues related to technology.

Students practice responsible use of technology systems, information, and software.

Students develop positive attitudes toward technology uses that support lifelong learning, collaboration, personal pursuits, and productivity.

3. Technology productivity tools

Students use technology tools to enhance learning, increase productivity, and promote creativity.

Students use productivity tools to collaborate in constructing technology-enhanced models, prepare publications, and produce other creative works.

5. Technology research tools

Students use technology to locate, evaluate, and collect information from a variety of sources.

Students use technology tools to process data and report results.

Students evaluate and select new information resources and technological innovations based on the appropriateness for specific tasks.

6. Technology problem-solving and decision-making tools

Students use technology resources for solving problems and making informed decisions.

Students employ technology in the development of strategies for solving problems in the real world.


Materials

Students will need a computer with internet access to complete the tutorial and participate in pre and post test activities.


Alternatives/Extensions

As an alternative or an extenstion, students may complete the Webquest found at the following url: http://www.amaisd.org/nheights/consumer_economics.htm

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 |  Jeannie Galindo  |  Last Modified 12 March, 2009  |