This is a complete lesson plan about the law of supply. It explores the relationship between price and quantity supplied, why supply might change, and how to graph those changes. (This lesson is part of a larger unit on Supply and Demand
THIS DOWNLOAD INCLUDES:
1) Warm Up Activity -- students conduct in-class surveys to collect data about supply.
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 newspaper headlines affect supply.
5) Quiz -- Assesses student understanding of the included learning targets.
6) Homework -- additional problems about the law of supply in the news.
7) Teacher Materials -- includes a detailed lesson plan, answer keys, and a "Read Me" document explaining how to use the materials included.
TOPICS FOR THE LECTURE:
1) Definition of the law of supply
2) Difference between "quantity supplied" and “supply”
3) How to graph changes in supply
4) Factors that increase supply
5) Factors that decrease supply
6) Effects on quantity and price when supply changes
(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 third 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.
Law of Supply - Lesson Plan and Activities
by Nick Samsal
is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License