This 9 page packet includes everything you need to conduct an introductory lesson on the Law of Demand, Substitution Effect and Income Effect. In this lesson your students will:
-Participate in a class simulation to understand the Law of Demand
-Watch 3 short videos on the Law of Demand, Substitution Effect and Income Effect while taking notes (worksheet included) Videos are free to watch on the internet.
-Complete a chart in which they illustrate their understanding of the Law of Demand, Substitution Effect and Income Effect.
-Create their own Demand Curve and answer critical thinking questions about their graph.
-Complete a short Exit Card/Assessment writing activity.
All materials included: students worksheets, handouts and step-by step teacher directions
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