Teachers will be able to:
- Show how elasticity and government price controls affect market forces.
- Discuss how and why consumers choose in order to maximize utility.
This video is available to view for EconEdLink members only.
In this economics webinar, examine how supply and demand determine market prices, and also the role of government regulation.
Learn all about how markets work and concepts like elasticity, consumer choice and price controls. Teachers will examine the mechanics of a free market economy and how various actors’ decisions affect supply and demand.
After analyzing the content in depth, teachers can apply their learning to real world examples and solve problems while modeling digital formative assessments. Additionally, you will be provided with dynamic lesson plans and activities to engage your students.
Grades 3-5, 6-8
Grades K-2, 3-5