Exploration in Economic Supply Part I

An auction simulation, PowerPoint presentation, and candy M&Ms® are the perfect tools to help your learners understand the concept of supply, demand, and diminishing marginal utility. Here you'll find a thorough lesson plan that...

Why does quantity demanded decrease as prices increase? Watch this video to compare the downward sloping curve of the law of demand with the upward sloping curve of supply, as well as to review such concepts as the substitution effect,...

What is the difference between elastic and inelastic demands? Review these concepts, as well as cross prices, elasticity of supply, and income elasticity, with your class members after taking a look at this video.

In less than three minutes, introduce your young economists to the short-run aggregate supply curve, illustrating the production of all goods in the country. The video discusses what can shift the curve on the graph to the right or left,...

Have you ever noticed that the price of an item in the store suddenly drops or rises? Historians investigate the concept of demand in the sixth installment of a 21-part Economic Lowdown series explaining aspects of the economy. A podcast...

Who doesn't love fashion, especially when it can be applied to economics, supply, demand, market trends, and price equilibrium. Curious young consumers examine market scenarios to determine their effect on the demand and price for...

A shopper goes to the store for that one special item only to find out it is out of stock. The seventh lesson of a 21-part economic series investigates the concept of supply in the marketplace. Scholars research the supply curve using a...

How do people respond when the price of an item increases? Do they want more or less of that item? Young economists investigate the impact of the law of demand on the economy. A short video highlights the concept of prices in relation to...

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...

What happens when the price of an item goes up or down? Does the shift automatically affect the purchasing of that item? Historians use a short podcast to research the idea of elasticity on demand. They analyze the impact a price of an...