Lesson 1: Introduction to Product Markets and Demand
Duration of Days: 3
Lesson Objective
Students will explain the role of product markets and analyze the law of demand, demand curves, market demand, and determinants of demand.
What makes something a market? Why do consumers buy different amounts at different prices? What causes demand to change?
D2.Eco.1.9-12
D2.Eco.4.9-12
D2.Eco.8.9-12
CCSS.ELA-LITERACY.RH.11-12.4
CCSS.ELA-LITERACY.RH.11-12.7
Students examine how buyers participate in markets, create and interpret demand schedules and curves, and distinguish between changes in demand and changes in quantity demanded. DOK Level 2
Graph templates, vocabulary support, scenario cards, guided modeling, partner practice
Demand graphing practice and scenario questions