Supply and Demand Day 1

Bellwork: What do you think a market is? 

Objectives:  

·        Students will be introduced to the idea of market forces.

·        Students will participate in an experiment that illustrates the laws of supply and demand.

·        Students will analyze the variables that impact the value of goods and services in a free market.

·        Students will develop their own understandings of how the laws of supply and demand affect the value of a good or service.

·        Students will assess their understanding of the material presented in class by preparing an artistic representation of the information.

Activity: Supply and Dance, Man

Homework: Study for the mini-quiz on circular flow

Absent? Review the video below and take notes