The law of supply and demand is one of the most important economic concepts that create challenges for teachers in todays diversified classrooms. I hope students learn about the law of supply and demand by utilizing the interactive and brain based group activity presented in this lesson.
Students should utilize all of the links on the process page to better understand the concepts, which are required for the group activity. In addition, prior to beginning the group activity, the teacher should do an informal assessment of students knowledge by utilizing some of the questions and self-quiz materials that I have included throughout this lesson.
Students should work in groups of 4. Teacher decides on how to form the groups. Students will first read and watch all the materials on the process page. Do an assessment of their knowledge prior to allowing them to work on designing their product. The assessment will allow you to better understand the group member's level of effort to the group project. There is a template available on the process page that will help the students to design their product. . Give students a fixed amount of play money to spend. I've kept most of the instructions on this lesson to minimum in order to retain adolescent students' interest. Provide guidance and structure as needed.