Supply and Demand Curves - Basic Economic Concepts

This Supply and Demand Curves - Basic Economic Concepts video also includes:

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, law of diminishing marginal utility, and labor versus leisure.

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CCSS: Adaptable
Instructional Ideas

  • Post link to video on a classroom website for learners to review concept at home for review or flipped classroom
  • Use video as a guide for your own instruction, and then supplement with worksheets or in-class activities
Classroom Considerations

  • Presenter moves quickly through material, so best not to use as a stand-alone lesson
Pros

  • Helpful reminders for students illustrated throughout clip at bottom of screen
  • Very clear explanations and organized instruction
Cons

  • None
Common Core