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Economics Lesson Plan: Demand & Supply

This lesson plan aims to develop concepts of demand and supply. It will discuss factors that lead to shifts in demand and supply curves through a presentation on the law of demand and supply. Examples of how price impacts quantity demanded and supplied will be shown using demand and supply schedules for products like bugnay wine and alcohol. Determinants that impact supply will also be identified and discussed.

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Ra Elle
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125 views2 pages

Economics Lesson Plan: Demand & Supply

This lesson plan aims to develop concepts of demand and supply. It will discuss factors that lead to shifts in demand and supply curves through a presentation on the law of demand and supply. Examples of how price impacts quantity demanded and supplied will be shown using demand and supply schedules for products like bugnay wine and alcohol. Determinants that impact supply will also be identified and discussed.

Uploaded by

Ra Elle
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Name: Remy Joy Caban Learning Area: Araling Panlipunan

Lesson Plan in ECONOMICS


I. OBJECTIVES • Develop the concepts of demand and supply.
• Discuss the factors that lead to shifts in the demand and supply
curves.
II. CONTENT Law of Demand and Supply
a. References Ekonomiks, pp 103-172
b. Other Instructional Powerpoint presentation
Materials
III. PROCEDURE
a. Motivation Let’s take a look at this table. Which of the following products will you buy
regardless of its price?
Alcohol rice Jewelry
clothes Lotion mask
gas fruits Bag
vegetables slippers liquor
cellphone Water Medicine

Questions:
A. What are your bases in choosing?
B. Which product is in-demand today?
C. Which product does not appeal in the public despite of its price?
D. What causes these changes?

b. Presentation

Processing Questions:
A. What does the bubble thought imply?
B. What concept in economics is being described in the bubble thought?
c. Discussion Discuss the concept of Law of demand and supply.
 Law of Demand - The inverse relationship between the price
and the quantity demanded of a good or service during some
period of time.
 Law of Supply - Direct relationship between the price and
quantity supplied.
Site examples of law of demand and supply.
 Law of Demand
- As the price increases the quantity demand decreases.

DEMAND SCHEDULE FOR BUGNAY WINE


Price per bottle Quantity demanded
P250 10
P180 15
P150 20
P120 25

 Law of Supply
- as the price increases the quantity supplied increases
SUPPLY SCHEDULE FOR ALCOHOL
Price per 250ml Quantity supplied
P125 30
P180 60
P220 100

Note: If and only if other determinants remain constant.


 Determinants of supply:
• Resource price
• Technology
• Prices of other goods
• Expectations
• Number of sellers

d. Application  Lists products that are in-demand today?


 Why is it in-demand?
 What are the benefits of these products?

e. Generalization What causes the changes in supply and demand? How does it affect the
production of the products?
f. Evaluation Graph the given demand schedule.

g. Assignment What causes underproduction


DEMANDand SCHEDULE
overproduction?
FOR BUKO JUICE
Site examples. Price per cup Quantity demanded
6 40
8 30
10 20
12 10

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