Ch 3: Demand, Supply and Market Equilibrium Lesson Plans

About This Chapter

The Demand, Supply and Market Equilibrium chapter of this course is designed to help you plan and teach the relationship between supply and demand in your classroom. The video lessons, quizzes and transcripts can easily be adapted to provide your lesson plans with engaging and dynamic educational content. Make planning your course easier by using our syllabus as a guide.

Weekly Syllabus

Below is a sample breakdown of the Demand, Supply and Market Equilibrium chapter into a 5-day school week. Based on the pace of your course, you may need to adapt the lesson plan to fit your needs.

Day Topics Key Terms and Concepts Covered
Monday The market demand schedule Economics, quantity demanded, effects of increases and decreases in price, illustrative table
Tuesday The market supply schedule Amount of good or service available, quantity supplied, price change effects
Wednesday The law of the downward-sloping demand curve Law of demand, substitution effect, demand change without price change, shifters
Thursday The upward-sloping supply curve Supply schedule, price of inputs, seller expectations, technology improvements, natural disasters
Friday Calculating market equilibrium and how supply and demand changes affect market equilibrium Intersection of supply and demand curves, surplus, shortage, left and right shifts, simultaneous supply and demand changes

6 Lessons in Chapter 3: Demand, Supply and Market Equilibrium Lesson Plans
Test your knowledge with a 30-question chapter practice test
Market Demand Schedule

1. Market Demand Schedule

Demand can often drive the cost up or down for a product or service. In this lesson, you'll discover what demand is, what it looks like, and how market demand schedules are created.

Market Supply Schedule

2. Market Supply Schedule

Supply and demand play big roles in the economy. In this lesson, you'll discover what supply is, how we describe it, and how market supply schedules are created.

The Law of the Downward Sloping Demand Curve

3. The Law of the Downward Sloping Demand Curve

Discover the relationship between the quantity demanded and price of a good or service in a market. This lesson explains why the demand curve is downward sloping and what factors will lead to a shift in demand.

The Upward-Sloping Supply Curve

4. The Upward-Sloping Supply Curve

Discover the relationship between the quantity of a good or service that is produced and its price. This lesson explains the supply side of a market, including the factors that lead to a shift in supply.

How to Calculate Market Equilibrium

5. How to Calculate Market Equilibrium

Supply and demand is an important part of macroeconomics. In this lesson, you'll learn how to calculate the equilibrium price and quantity in a market at the intersection of the supply and demand curves.

How Changes in Supply and Demand Affect Market Equilibrium

6. How Changes in Supply and Demand Affect Market Equilibrium

Learn how the equilibrium of a market changes when supply and demand curves increase and decrease and how different shifts in the curves can affect price.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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