Friday, February 4, 2011

Economics Lesson Plan - Supply

This lesson plan demonstrates the concept of supply, using a YouTube video, a mnemonic and a textbook reading.

1.  View the following YouTube video by EconGirl.

2.   Discuss the difference between a change in supply and a change in quantity supplied.

3.  Use a mnemonic to help students remember when the supply curve shifts.  I use  

Other goods that are complements of substitutes in production
Taxes and subsidies
Number of sellers

4.  Assign reading in textbook.

5.  Give appropriate grade-level assignments.

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