Economics - Demand & Supply

Introduction

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Welcome: To my students 

Lesson: Demand and Supply

Subject: Economics

Description: With the help of this webquest, students will be able to learn about the state of the economy and how supply and demand impact output.

Please watch the YouTube video link below:

https://youtu.be/oSFIZQ59jQg

Task

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  • The goal of this webquest is to give you a better knowledge of demand and supply, including how our wants, needs, and purchasing power impact these concepts.

 

  • You will need to work in teams of six (6) in order to finish the task at hand quickly. You are required to compile a portfolio using the data from this webquest. Your portfolio will be kept in the school library so that anybody who uses the library can use it to do research on supply and demand.

 

  • Twenty (20) pages is the maximum number of pages for your portfolio. Consider include graphs and any pertinent newspaper articles and online sources in your portfolio.

 

By developing a solid theoretical foundation for the economics lesson on demand and supply. At the conclusion of the lessons, the students will be able to produce practical work. Simultaneously increase their faith in their work, which will make them more self-assured and, for some, help them discover a new version of themselves.

Process

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The student will go to the links provided and read and look at the information provided below.

Step 1

You must view the videos on supply and demand and have group discussions about the topics covered.



Step 2

The next step is to designate three (3) people to work on the portfolio's material related to supply and three (3) members to work on demand. You need to remember to include:

  • Definition of both Demand and Supply
  • The Law of Demand and Supply
  • Determinants / factors affecting Demand and Supply
  • Movements vs Shifts in Demand and Supply
  • Price elasticity of Demand and Supply

 

To assist you in gathering pertinent material for your portfolio, you must use the links provided below the videos. You are also advised to cite your sources according to the Harvid referencing style.

Step 3

Your portfolio should be design using the following sections:

  • Cover page
  • Title page
  • Introduction
  • Table of Contents
  • Section A (Demand)
  • Section B (Supply)
  • Graphs 
  • Reference
Evaluation

The rubric that will be used to evaluate your work is provided below. Please become acquainted with it.

 

Evaluation Rubric
 
 

 

Unacceptable (less than 5)

Acceptable (5-6)

Commendable (7-8)

Outstanding (9-10)

Score
 

Presentation

- Little appeal or impact - Poorly written (many inaccuracies in grammar, spelling) - Not creative

- Satisfactory appeal or impact - Fairly well written (some errors in grammer, spelling) - Moderately creative

Good appeal or impact - Well written (few errors in grammmar, spelling) - Very creative

- Excellent appeal or impact - Very well written (minor errors in grammar, spelling) - Exceptionally creative

10

  
 

Organization

Lacks clear logical sequencing

Fairly logical sequencing

Logical sequencing

clear logical sequencing

10

  
 

Content

Irrelevant information plus no explanation for graphs (less than 15)

satisfactory information plus fairly good explanation for graphs  (15-20)

Good information plus valid explanation for graphs  (21-26)

Substantial information plus excellent explanation for graphs  (27-30)

30

  
 
             
 

Total Score: 50
Conclusion

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You should now know more about Demand and Supply after completing the required job in this webquest, and you should be able to teach your classmates about what you have discovered!



A very wide issue, demand and supply, will perhaps now be easier for you to comprehend when you read about it in the news and other media.

 

Credits
Teacher Page

I hope my fellow teachers take into account contemporary new ways in their instruction.

Standards

High degree of educational learning