aidemia--modules-lessonstartideas_type	Give a creative idea how to begin a lesson
Which subject	Economics
What age group	Year or Grade 10
What topic	Supply
Quantity	1
Any other preferences

Lesson Introduction: Exploring Supply

Hook: The Great Cereal Challenge

Imagine you walk into a grocery store and see two shelves full of your favorite cereal. On one shelf, there are dozens of boxes neatly stacked up high. On the other shelf, there are only four boxes left.

The Scenario

You have a choice to make:

• Do you buy the cereal from the shelf with plenty of boxes?
• Or do you quickly grab a box from the nearly empty shelf before someone else does?

This simple choice isn’t just about crunchiness or flavor; it reveals a whole lot about the concept of supply in economics!

Purpose of the Lesson

Today, we will dive deep into the concept of supply. We will understand how it functions in the market, the factors that affect it, and why it’s crucial for businesses and consumers alike. By the end of this lesson, you’ll not only be able to explain what supply is but also how it impacts your everyday decisions and the larger economy.

Key Questions to Explore

• What determines the supply of a product in the market?
• How do changes in supply affect pricing and availability?
• Can you think of real-world examples where the supply of a product dramatically changed?

Activity Overview

To help you grasp the concept of supply, we’ll engage in a fun activity where you’ll simulate market conditions. You will be divided into groups to experience how supply works in real-time with a game called "The Price is Right!" Let’s see how quickly you can respond to changes in supply and what strategies you can come up with to maximize your 'profits'!

Ready to Crunch?

Let’s get started by first defining what supply truly means and then reflecting on how our choices at the grocery store relate to the broader economic principles we will study today!