Introduction
Welcome!
The Law of Supply and Demand is a fundamental principle of the free market economy.The purpose of this topic is to familiarize you with its concept.
Task
At the end of the topic, you are expected to:
1. Define the Law of Supply and Demand
2. Know the factors affecting supply and demand
3. Be familiar with the components of demand and its causes in equilibrium
5. Have insights on how supply and demand works in real life
Process
1. The introduction about the topic will be discussed by the teacher.
2. 4-5 students will be called to give insights and possible expectations in the topic to be discussed.
3. Watch videos related to the topic. (15-20 minutes)
4. Students will be split up into groups, and give each group activity by making presentation on what they learn in the video. It could be compose a song, jingle, role playing, making poem or anything that can convey learning outcome.
5. Present the output in class.
Evaluation
Your performance in group discussions, the precision and the originality of your presentation will all be taken into consideration when determining your final grade. You will also get the chance to evaluate the presentations of your colleagues and offer helpful criticism.
Conclusion
To sum up, this unit has given us the opportunity to know the role of law of Supply and Demand in our economy. It is essentially important because it helps investors, entrepreneurs, and economists understand and predict market conditions. I do hope you had fun learning and have the awareness in its role in real life after you finished the topic.
Credits
Teacher Page
BABYLYNE O. PIZARRA