In this lesson, students learn about what demand is and how the 6 determinants of demand affect demand.
The lesson begins with a 30 minute powerpoint that covers: 1. What demand is and how the demand curve works. 2. Difference between Demand and Quantity Demanded. 3. How the 6 determinants of demand affect the demand curve: a. Consumer Preferences b. Number of Consumers c. Consumer Income d. Price of Substitute Goods e. Price of Complimentary Goods f. Consumer Expectations
Afterwards, students complete a Worksheet to apply what they learned from the powerpoint.
Note: I also have a complete Supply and Demand Unit for sale on my store that has this lesson bundled into it.
For Texas teachers, this lesson addresses the following TEKs:
E.2 Economics. The student understands the interaction of supply, demand, and price. The student is expected to: (A) understand the effect of changes in price on the quantity demanded and quantity supplied
E.2 Economics. The student understands the interaction of supply, demand, and price. The student is expected to: (B) identify the non-price determinants that create changes in supply and demand, which result in a new equilibrium price
Created by Dan Nguyen - Visit My Store