Enlist the support of Mr. Clifford in your lesson on aggregate demand, as the economics instructor explains what the term means and entails, illustrates the downward facing slope of aggregate demand on a graph, and guides students in practicing how to identify what causes the curve to shift left or right.
- Because the instructor moves at a fairly quick pace, use this video as a summary or a flipped classroom resource that your students can move through at their own pace
- Pupils should have a solid understanding of the four components of GDP prior to beginning this video
- Also explains the wealth effect and interest rate effect
- Provides four scenarios for practice and explanations of answers