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Business Principles - Lesson 5: How the Market Works

Business Principles - Lesson 5: How the Market Works
Business Principles - Lesson 5: How the Market Works
Business Principles - Lesson 5: How the Market Works
Business Principles - Lesson 5: How the Market Works
Business Principles - Lesson 5: How the Market Works
Business Principles - Lesson 5: How the Market Works
Business Principles - Lesson 5: How the Market Works
Business Principles - Lesson 5: How the Market Works
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Business Principles - Lesson 5: How the Market Works:
This is the fifth of a series of lessons for a high school Business Principles class. The slides are intended for presentation during class lecture. As a complement to the lecture material, the movie, Willy Wonka & The Chocolate Factory (1971), can be shown during this lesson for a case study. The students will answer the questions provided in the assignment as they discover them during the movie.

Content covered:
* Market Economy
* Price
* How Price Affects Consumers
* Law of Demand
* The Demand Curve
* How Price Affects Producers
* Law of Supply
* The Supply Curve
* How is price actually determined?
* Surplus
* Shortage
* Equilibrium
* Putting It All Together
* Supply and Demand
* What Causes Prices to Change

Student handouts & activities included:
* Movie case study: Willy Wonka & The Chocolate Factory (in-class assignment)
* Wonka Product Analysis (in-class assignment) - For this assignment, students should be given a small bag of actual Wonka products. Nestle acquired the Wonka Candy Factory in 1988. Products are Wonka Bar, Gobstopper, Nerds, Sweetarts, Shockers, Spree, Pixy Stix, Laffy Taffy, Gummies, Runts, Bottle Caps, Fun Dip, and Kazoozles under this label.
* New Wonka Product Homework Assignment




Please click on the following links for more Business Principles Lessons and Business Exams:

Business Principles Lesson 1 - Introduction to Business Principles

Business Principles Lesson 2 - Economic Challenges Facing Businesses

Business Principles Lesson 3 - Measuring Economic Performance

Business Principles Lesson 4 - Motivations of Business

Business Principles Lesson 5 - How the Market Works

Business Principles Lesson 6 - The Private Enterprise System

Business Principles Lesson 7 - Building a Business Organization

Business Principles Lesson 8 - Managing a Diverse Workforce

Business Principles Lesson 9 - Managing Business Finances

Business Principles Lesson 10 - Producing Goods and Services Worldwide

Business Principles Lesson 11 - Marketing in Today's World

Business Principles Lesson 12 - Entrepreneurship & Small Business

Business Principles Lesson 18 - Insurance & Dealing with Risk

Business Principles Lesson 19 - Developing a Career Plan

Business Principles Lesson 20 - The World of Work

Business Principles Exam - Lesson 1

Business Principles Exam - Lesson 2

Business Principles Exam - Lesson 3

Business Principles Exam - Lesson 4

Business Principles Exam - Lesson 6

Business Principles Exam - Lesson 7

Business Principles Exam - Lesson 8

Business Principles Exam - Lesson 9

Business Principles Exam - Lesson 12
Total Pages
42 pages
Answer Key
N/A
Teaching Duration
1 Week
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