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+
Using a Minimum Wage Debate in an Economics Class
OVERVIEW
In this activity, students engage in a classroom debate about the minimum wage. They develop competencies in researching current issues, preparing logical arguments, thinking critically, and formulating opinions based on evidence.
Related Resources
INFOGRAPHICS & COMICS
VIDEO Q&A
0-15 MIN
Supply
This video assignment explains the concept of supply.
MODULES
16-30 MIN
Market Equilibrium
Discuss market equilibrium.
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.
LESSONS & ACTIVITIES
0-15 MIN
Entrance and Exit Tickets for a General Economics Classroom
Short formative assessments for the general economics classroom.
MODULES
16-30 MIN
Supply
Describe the supply side of the market.
More in This Series
CURRICULUM UNITS
1 HOUR+
Teaching Economics with Active Learning
Teach economics with active and engaging lessons.
LESSONS & ACTIVITIES
1 HOUR+
PACED Pretzels
Learn about and apply the five-step PACED decision-making process.
LESSONS & ACTIVITIES
46-60 MIN
How Many Beverages Will Consumers Buy? Lesson on Demand
Learn about the law of demand and discover the relationship between price and quantity demanded.
LESSONS & ACTIVITIES
31-45 MIN
Teaching Market Structures with Gum
Highlight different market structures through a role playing game.
LESSONS & ACTIVITIES
0-15 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
Imports and GDP
Learn about gross domestic product (GDP)
LESSONS & ACTIVITIES
0-15 MIN
How Fed Policy Transmits to the Economy
Show how changes in monetary policy ripple through the economy.
LESSONS & ACTIVITIES
0-15 MIN
Career Choices
This activity highlights the connection between education, training, and experience in determining income.
LESSONS & ACTIVITIES
31-45 MIN
The Three C's of Credit (Lesson 9A)
Play the role of credit providers and assess the credit worthiness of an individual.
