| Not a member? Join for Free |

Equilibrium - Lesson Plan and Activities

Grade Levels
Product Rating
4.0
ZIP File
Compressed Zip File
Be sure that you have an application to open this file type before downloading and/or purchasing.
How to unzip files.
5.2 MB   |   61 slides, 14 student pages, 36 teacher pages pages

PRODUCT DESCRIPTION

This is a complete lesson plan about how supply and demand interact to achieve equilibrium. Students discover how equilibrium is achieved in a market economy, and they explore how real-world changes in supply and/or demand affect price and quantity. (This lesson is part of a larger unit on Supply and Demand.)

THIS DOWNLOAD INCLUDES:
1) Warm Up Activity -- market simulation where students buy and sell seafood.
2) PowerPoint Presentation -- contains the lecture and is a guide for all activities.
3) Note Sheet -- students fill out this note sheet during the lecture.
4) Class Activity -- students determine how news headlines affect price and quantity.
5) Quiz -- Assesses student understanding of the included learning targets.
6) Homework -- additional problems containing news headlines and graphing.
7) Teacher Materials -- includes a detailed lesson plan, answer keys, all necessary documents for the Warm Up Activity, and a "Read Me" document explaining how to use the materials included.

TOPICS FOR THE LECTURE:
1) Definition of equilibrium
2) How market forces pull above-equilibrium prices down
3) How market forces push below-equilibrium prices up
4) Changes in price and quantity when demand and/or supply change

(If you would like to download one of my PowerPoint slideshows to get a feel for my style, check out my free download here.)

This lesson is the fourth day of a six-day unit on Supply and Demand that was designed using national standards from the Council for Economic Education. It should take 80 - 90 minutes, which is perfect for the block schedule, but it can also be easily split in half for classes that run closer to 50 minutes.

Enjoy!


Equilibrium - Lesson Plan and Activities by Nick Samsal is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Total Pages
61 slides, 14 student pages, 36 teacher pages
Answer Key
Included
Teaching Duration
90 Minutes

Average Ratings

4.0
Overall Quality:
4.0
Accuracy:
4.0
Practicality:
4.0
Thoroughness:
4.0
Creativity:
4.0
Clarity:
4.0
Total:
2 ratings

Comments & Ratings

Please log in to post a question.

Product Questions & Answers

$3.95
Digital Download
ADD ONE TO CART
User Rating: 4.0/4.0
 (54 Followers)
$3.95
Digital Download
ADD ONE TO CART
Equilibrium - Lesson Plan and Activities
Equilibrium - Lesson Plan and Activities
Equilibrium - Lesson Plan and Activities
Equilibrium - Lesson Plan and Activities