Supply & Demand: How Do Markets Determine Price?
Learn about the basics of supply, demand, and market equilibrium.
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Lessons & Activities
1 Hour+
Circular Flow
OVERVIEW
This lesson teaches students about the circular flow model through a simulation where they role-play as households and businesses in resource and product markets. Students learn to identify productive resources, income payments, and economic relationships.
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INFOGRAPHICS & COMICS
VIDEO Q&A
16-30 MIN
Aggregate Demand and Aggregate Supply: Negative Demand Shock
Introduces the benefits and costs of international trade.
MODULES
46-60 MIN
Long-Run Equilibrium
Introduce the aggregate demand / aggregate supply model.
READING Q&A
16-30 MIN
Will Robots Take Our Jobs?
Discuss robots, AI, and automation as they impacts jobs.
LESSONS & ACTIVITIES
31-45 MIN
Life Expectancy at Birth and Net Migration by Nation
Learn about the relationship between educational attainment and employment.
AUDIO Q&A
0-15 MIN
Economic Growth
Learn about economic growth and how technology impacts factors of production.
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LESSONS & ACTIVITIES
1 HOUR+
PACED Pretzels
Learn about and apply the five-step PACED decision-making process.
LESSONS & ACTIVITIES
16-30 MIN
Is Trade a Zero-Sum Game?
Demonstrate that voluntary trade can benefit buyers and sellers.
LESSONS & ACTIVITIES
0-15 MIN
How Do We Measure Unemployment?
Demonstrate how we calculate the civilian unemployment rate.
LESSONS & ACTIVITIES
16-30 MIN
The GDP Expenditures Equation: How Do We Measure It?
Learn about gross domestic product (GDP)
LESSONS & ACTIVITIES
1 HOUR+
Exploring Careers in Economics
Learn about careers for people with backgrounds studying economics.
LESSONS & ACTIVITIES
1 HOUR+
The CPI Market Basket
Compare the price of goods and interpret the effects of inflation on consumers.
LESSONS & ACTIVITIES
46-60 MIN
Comparative Advantage: Trading Brownies and Pizza
Discover the benefits of trade.
LESSONS & ACTIVITIES
16-30 MIN
Teaching About Money, Spending, & Inflation Using an Auction
Conduct two rounds of auctioning off the same goods with increasing money to demonstrate inflationary forces.
LESSONS & ACTIVITIES
1 HOUR+
The Basics of Supply and Demand: A Classroom Cocoa Bean Market
Learn to identify equilibrium price, explain how market interactions determine prices, and recognize conditions that create shortages and surpluses.
