Council for Economic Education
Econ Ed Link: The Prices Are Changing
This lesson will help students to understand how markets are created by the interaction of buyers and sellers, what demand and supply are, what equilibrium price is, and how demand and supply interact with price changes.
Econoclass
Econoclass: Frozen Price Game
This game helps students to understand the concepts of changing supply, changing demand, and equilibrium price, as the price of bags of ice changes after a hurricane has swept through a community.
Khan Academy
Khan Academy: Changes in Equilibrium Price and Quantity: The Four Step Process
Analyze some step-by-step examples of shifting supply and demand curves. This resource is designed for students who are taking a college-level microeconomics course.
Khan Academy
Khan Academy: Lesson Summary: Equilibrium in the Ad as Model
In this instructional activity summary review and remind yourself of the key terms and graphs related to a short-run macroeconomic equilibrium. Topics include how to model a short-run macroeconomic equilibrium graphically as well as the...
Khan Academy
Khan Academy: Market Equilibrium, Disequilibrium, and Changes in Equilibrium
In this lesson summary review and remind yourself of the key terms and graphs used in the analysis of markets. Topics include how to use a market model to predict how price and quantity change in a market when demand changes, supply...
Council for Economic Education
Econ Ed Link: Henry Ford and the Model T: A Case Study in Productivity (Part 3)
Henry Ford's use of mass production strategies to manufacture the Model T revolutionized industrial manufacturing. This 3-part learning unit provides students with the story of Henry Ford and the Model T from an economics perspective....
Council for Economic Education
Econ Ed Link: Economics in the Headlines
Young scholars learn how to identify headlines in the news and current events as illustrations of problems in supply and demand. Students will be linked to news sites to create their own analysis of supply and demand issues in problems...
Council for Economic Education
Econ Ed Link: Supply and Demand, Lessons From Toy Fads.
The concepts of supply and demand and related terms are taught through stories about the toy fads of Hula Hoops and Silly Bandz. In 1958, Wham-O, Inc. began marketing the Hula Hoop in the United States and sales of the Hula Hoops...
Council for Economic Education
Econ Ed Link: What Do People Want to Wear?
To stay in business, fashion merchandisers must be able to anticipate what consumers want. By looking at different retail websites, students will look to anticipate what consumers are demanding. Students will then go through the market...
Khan Academy
Khan Academy: Lesson Summary: Demand and the Determinants of Demand
In this lesson summary review and remind yourself of the key terms, graphs, and calculations used in analyzing the demand for the good. Review the distinction between demand and quantity demanded, the determinants of demand, and how to...