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Hot off the presses: the November Teachers.Net Gazette....
#207. EconomicsSocial Studies, level: SeniorPosted by Carmelita Vizmanos (LylethS@aol.com). Philippine Normal University, Manila, Philippines Materials Required: Lesson plan Activity Time: 40 minutes Concepts Taught: Law of Supply and Demand
For this activity, begin after you have introduced the basic ideas of law of supply and demand. Group the students into producers, middlemen, retailers and consumers. Let the students focus on one product and make the transaction of product movement from producers to consumers. Give a scenario of low production and high demand and reverse the situation. Assist the students in coming up with prices, bearing in mind the effect of prices on supply and demand. | ||||||||
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