This detailed lesson looks at government intervention in the economy using buffer stocks. The lesson includes lots of detailed theory, examples, videos, diagrams and tasks. The lesson looks at:
* Government price controls
* Buffer stocks
* The short-run fall in agricultural prices
* Buffer stock supply and demand
* Problems of buffer stocks
Lesson Aim: Students will understand the various ways a government can impose price controls including buffer stocks.
I have included a student copy of the lesson to work alongside the main PPT. I have also included a great worksheet based on the corn industry and how a buffer stock could be used. A perfect lesson for Economics.