The Law of Demand and the Law of Supply (Introduction to Economics)

The Law of Demand and the Law of Supply

The main idea of this lesson is to explain and illustrate the fundamental economic principles of the Law of Demand and the Law of Supply, their graphical representations, real-world examples, and the impact of price changes on quantity demanded and supplied in markets.

Student Focus:

• Understand the core concepts of the Law of Demand and the Law of Supply in economics.
• Learn how to graphically represent these economic principles and interpret demand and supply curves.
• Explore real-world examples to see how the laws of demand and supply operate in practical scenarios.
• Analyze how changes in price influence the quantity demanded and quantity supplied in markets.

EXCELLENT VALUE!

Print & Go Worksheets - Reading And Comprehension Activities

This learning resource provides students and educators with a comprehensive introduction to the fundamental economic concepts of the Law of Demand and the Law of Supply. It explains how these laws govern the relationship between prices and the quantity of goods or services demanded and supplied in markets. The reading-based lesson offers descriptions of demand and supply curves, emphasizing their practical significance. Real-world examples are used to illustrate how these economic principles operate in various industries and scenarios. Additionally, this student resource explores the effects of changes in price on both quantity demanded and quantity supplied. Overall, it serves as an informative foundation for understanding the core principles of economics related to supply and demand.

----------------------------------------------------------------------------------------------

We offer a FREE product in this format which we encourage you to download, to see if it works for you and your students. This product - What is Economics? - can be downloaded here.

----------------------------------------------------------------------------------------------

This resource is perfect for the classroom, distance-learning, homework, exam preparation and home-schooling.

This is a quality, ready-made resource intended for busy teachers, cover teachers, parents and home-schoolers to simply print and go. The resource is packed with a variety of differentiated comprehension activities for students, including 'stretch & challenge tasks' and further recommended classroom, project and homework activities.

It also includes a detailed lesson plan, for a 60-minute lesson, based around the reading passage. This provides incredible flexibility for the teacher to transform this resource into a comprehensive, student-centred lesson, which encourages independent and team learning activities. The resource also provides a variety of templates for teachers to carry out Assessment For Learning (AFL) to identify independent student and whole class progress.

Best of all, it includes a comprehensive answer key, making teachers' lives far more simple! It also means some students can self-assess or peer-assess their work.

This resource contains: 34 pages

This Learning Resource Includes The Following:

• Reading Passage
• Multiple-Choice Questions
• Plenary: True / False Activities
• Main Idea/Key Details Graphic Organizer
• Who, What, Where, When Graphic Organizer
• Writing Framework For Students
• Standard-Level Comprehension
• Intermediate-Level Comprehension
• Advanced-Level Comprehension
• Stretch & Challenge Questions
• Further Recommended Activities For Teacher And Students
• Detailed 60-Minute Lesson Plan, Based On Article, For Teachers
• Student Summary Worksheets: Lesson Summary, Head Heart Hashtag, Exit Ticket, Progress Pyramid, Planning For Progress
• Student Answer Templates