Ch 3: Demand, Supply & Market Equilibrium: Homeschool Curriculum

About This Chapter

The Demand, Supply and Market Equilibrium unit of this Macroeconomics Homeschool course is designed to help homeschooled students learn about some of the factors driving the economic market. Parents can use the short videos to introduce topics, break up lessons and keep students engaged.

Who's it for?

This unit of our Macroeconomics Homeschool course will benefit any student who is trying to learn about the laws and concepts of demand, supply and market equilibrium. There is no faster or easier way to learn about economics. Among those who would benefit are:

  • Students who require an efficient, self-paced course of study to learn about demand schedules, supply schedules, market equilibrium and the substitution effect.
  • Homeschool parents looking to spend less time preparing lessons and more time teaching.
  • Homeschool parents who need an economics curriculum that appeals to multiple learning types (visual or auditory).
  • Gifted students and students with learning differences.

How it works:

  • Students watch a short, fun video lesson that covers a specific unit topic.
  • Students and parents can refer to the video transcripts to reinforce learning.
  • Short quizzes and a demand, supply and market equilibrium unit exam confirm understanding or identify any topics that require review.

Demand, Supply and Market Equilibrium Unit Objectives:

  • Define a demand schedule and explain how it is utilized.
  • Describe how a market supply schedule is developed.
  • Explain the law of demand and the downward sloping demand curve.
  • Illustrate the upward sloping supply curve.
  • Define market equilibrium.
  • Explore the effects of supply and demand on market equilibrium.

6 Lessons in Chapter 3: Demand, Supply & Market Equilibrium: Homeschool Curriculum
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

Earning College Credit

Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.

To learn more, visit our Earning Credit Page

Transferring credit to the school of your choice

Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.

Support