Curated and Reviewed by
Lesson Planet
This Episode 1: Supply instructional video also includes:
- Supply (audio version)
- Reading Passage
- Join to access all included materials
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.
1 Collection
44 Views
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
Start Your Free Trial
Save time and discover engaging curriculum for your classroom. Reviewed and rated by trusted, credentialed teachers.
Try It Free