Student teams will work together both inside and outside the classroom to complete a “GooseChase” scavenger hunt.  Students will demonstrate mastery of the principles of supply and demand.

In this activity, students are asked to write a one page report analyzing the effect of changes in underlying economic factors on airline revenues. The exercise is based on a current economic event. The student can be given a diagram representing the initial equilibrium. The completed diagram and explanation are presented in the one-page report.

In this activity, students are presented with price, average cost and marginal cost information to determine whether a perfectly competitive firm - in this case, a farm selling vegetable shares - should increase, decrease or keep constant its production level.

This lesson focuses on suppliers and demanders, the participants in markets; how their behavior changes in response to incentives; and how their interaction generates the prices that allocate resources in the economy.

In this economics unit you will explore how buyers and sellers meet together in markets to trade. Also you will look at the process of how prices are determined. Next, you will take a special look at what equilibrium is in economics as well as how it responds to a change in certain factors that affect supply or demand. Finally you will be asked to judge the fairness and efficacy of how equilibrium is reached in current American markets.

Students gain an understanding of how the focus of supply and demand influence prices in a market economy.