Full lesson	Create for a teacher a set of content for giving a lesson, beginning with the lesson plan. Each new block of materials must begin with an H1 heading (other subheaders must be H2, H3, etc). When you describe required pictures, write those descriptions in curly brackets, for example: {A picture of a triangle}
Which subject	Economics
What topic	Supply and demand
What length (min)	30
What age group	Year or Grade 11
Class size	20
What curriculum
Include full script
Check previous homework
Ask some students to presents their homework
Add a physical break
Add group activities
Include homework
Show correct answers
Prepare slide templates
Number of slides	5
Create fill-in cards for students
Create creative backup tasks for unexpected moments

Lesson plan

Lesson Plan: Supply and Demand

Subject

Economics

Topic

Supply and Demand

Grade/Age Group

Year 11

Duration

30 minutes

Number of Students

20

Objectives

• Understand the basic principles of supply and demand.
• Identify the factors that influence supply and demand.
• Illustrate how shifts in supply and demand affect market equilibrium.
• Apply the concepts of supply and demand to real-world scenarios.

Materials

• Whiteboard and markers
• Projector and presentation slides
• Printed charts of supply and demand curves
• Case study handouts
• Homework assignment sheets

National Curriculum Alignment

This lesson addresses the Australian Curriculum: Economics and Business, particularly focusing on economic reasoning and understanding of markets.

Lesson Structure

Step Number	Step Title	Length (minutes)	Details
1	Introduction to Concepts	5	Briefly introduce supply and demand, explain key terms using a simple analogy.
2	Supply and Demand Curves	10	Use projector to display charts; explain how to read supply and demand curves. Demonstrate shifts in curves.
3	Market Equilibrium	5	Explain the concept of equilibrium price and quantity; illustrate this on the chart.
4	Factors Influencing Demand	5	Discuss factors that affect demand (e.g., consumer preferences, income levels) with real-world examples.
5	Factors Influencing Supply	5	Discuss factors that affect supply (e.g., production costs, technology) with relevant examples.
6	Conclusion and Q&A	5	Summarize key points, address any questions, and ensure understanding of concepts before moving to homework.

Homework

• Assign students to complete a worksheet that includes questions on supply and demand scenarios.
• Provide case studies for analysis, ensuring students can think critically about real-world applications.
• The homework will be checked for completion and understanding without student presentations in class.

Additional Notes

Ensure to maintain an engaging atmosphere by encouraging discussion and providing examples that relate to current economic events. Use collaborative approaches where students can work in pairs or small groups for particular activities.

Lesson script