Federal Reserve Economic Fundamentals: High School Curriculum
Introduce basic economic concepts with ten independent hands-on lesson plans.
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Supply & Demand: How Do Markets Determine Price?
OVERVIEW
The concept of supply and demand is often called the heart and soul of economics. Understanding how supply and demand affect the economy helps us recognize economics everywhere in our daily lives. This infographic highlights basic concepts such as the laws of supply and demand, changes in demand and supply versus changes in the quantity demanded and the quantity supplied, the determinants of demand and supply, and market equilibrium.
Related Resources
CURRICULUM UNITS
LESSONS & ACTIVITIES
0-15 MIN
Core Concept Econ Cards
Help students grasp higher level economic concepts with the Core Concept econ cards.
VIDEO Q&A
16-30 MIN
Aggregate Demand and Aggregate Supply: Negative Demand Shock
Introduces the benefits and costs of international trade.
MODULES
16-30 MIN
Market Equilibrium
Discuss market equilibrium.
AUDIO Q&A
0-15 MIN
Price Signals
Explain how price signals influence decision-making.
READING Q&A
16-30 MIN
Why Are Some Social Media Sites Free to Use?
Learn why social media platforms are free and define network effect.
More in This Series
INFOGRAPHICS & COMICS
How Do I Make a Decision?
Learn about PACED decision-making
INFOGRAPHICS & COMICS
Price Ceilings & Price Floors
Learn about the effects of price controls on a market.
INFOGRAPHICS & COMICS
Trade: Why Do Nations Trade?
Visualize key components of international trade.
INFOGRAPHICS & COMICS
Economic Systems
Contrast market and command economies.
INFOGRAPHICS & COMICS
Gross Domestic Product
Visualize the components of Gross Domestic Product (GDP).
INFOGRAPHICS & COMICS
Circular Flow
Visualize the circular flow diagram.
INFOGRAPHICS & COMICS
Maximum Employment
Learn about maximum employment and how it is measured.
INFOGRAPHICS & COMICS
Price Stability
Learn about price stability and how it is measured.
INFOGRAPHICS & COMICS
Taxes
Highlight how taxes pay for the goods and services the government provides.
INFOGRAPHICS & COMICS
Fiscal & Monetary Policy
Define fiscal and monetary policy and highlight their differences.
