| 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 | Demand |
| What length (min) | 30 |
| What age group | Year or Grade 9 |
| 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 |
Demand
Economics
Year/Grade 9
30 minutes
20 students
| Step Number | Step Title | Length | Details |
|---|---|---|---|
| 1 | Introduction to Demand | 5 min | Briefly explain the concept of demand, its importance in economics, and outline the lesson objectives. |
| 2 | Law of Demand | 10 min | Discuss the law of demand, including price elasticity and the inverse relationship between price and quantity demanded. Use examples and graphs for clarification. |
| 3 | Factors Affecting Demand | 5 min | Introduce and explain the determinants of demand (e.g., consumer preferences, income levels, prices of related goods). |
| 4 | Interactive Activity | 5 min | Have students work in pairs to create mini whiteboards with examples of how different factors affect demand. Share findings as a group. |
| 5 | Assign Homework | 3 min | Give students the homework assignment related to the day’s lesson without requiring any presentations. Provide clear instructions. |
| 6 | Q&A and Wrap Up | 2 min | Answer any questions from students and summarize key takeaways from the lesson. |
This structure provides a comprehensive framework for delivering the lesson while ensuring alignment with educational standards and fostering student engagement.
"Good morning, class! Today, we are going to dive into an important concept in economics called 'demand.' Demand is essentially the quantity of a product that consumers are willing and able to purchase at various prices. Understanding demand is crucial because it helps explain how markets function. Our objectives for today are to understand the concept of demand and its determinants, analyze the law of demand, and apply our knowledge to real-life situations. Are you all excited to learn? Let's begin!"
"Now, let’s discuss the law of demand. The law states that, all else being equal, as the price of a product decreases, the quantity demanded increases. Conversely, if the price increases, the quantity demanded decreases. This is what we call an inverse relationship.
To help illustrate this, I’m going to draw a demand curve on the board. (Draw the demand curve) As you can see, when the price is high, fewer people are willing to buy the product. But as we lower the price, more people are interested.
Can anyone give me an example that fits this law? (Pause for responses) Great examples, everyone! Now, let’s talk briefly about something called price elasticity. This measures how sensitive consumers are to changes in price. For example, if the price of a luxury good drops, consumers may buy it in larger quantities. What do you think will happen if a necessity increases in price? (Pause for discussion) Yes, that’s right! Consumers might look for alternatives."
"Excellent participation, class! Now, let’s move on to the factors affecting demand. There are several key determinants. First, consumer preferences—what people like and dislike can heavily influence demand. Next, income levels. As people earn more, they tend to buy more goods.
Now, let’s talk about related goods. If the price of coffee rises, what do you think happens to the demand for tea? (Pause for answers) Yes! It might increase, because people may switch to tea if coffee becomes too costly.
These factors all interact to shape the demand for products in the market. Are you ready to explore this further through an activity?"
"Alright! I’d like you to pair up with a partner and grab a mini whiteboard. Your task is to create a list of factors that can affect demand for a product of your choice. For example, if you choose smartphones, think about how trends, prices of related goods, and income levels might impact demand. You have 5 minutes to brainstorm. After that, we will share some of your findings. Go ahead!"
(Allow students to work in pairs)
"Time’s up! Let’s hear some of your examples. Who wants to start? (Encourage a few pairs to share)"
"Great job on the activity, everyone! I loved hearing your examples. Now, for homework, I want you to write a short paragraph explaining one factor that influences demand and give an example. You can choose any product or service you like. Make sure to be clear and concise. I’ll hand out the assignment sheet with all the details and expectations. You have the opportunity to explore this topic further! Any questions about the assignment?"
(Distribute homework assignment sheet)
"Before we wrap up, does anyone have any lingering questions about demand or the aspects we covered today? (Pause for questions)
To summarize today's lesson: We learned what demand is, discussed the law of demand and its relationship to pricing, and looked at various factors that might influence how much of a good is demanded in the market. Don't forget to complete your homework, and we'll continue to build on these concepts in our next class.
Thank you for your participation today! Have a great day!"
Define the concept of demand in your own words. Why is it important for understanding markets?
Explain the law of demand. What is the relationship between price and quantity demanded? Provide an example to illustrate your explanation.
Discuss the concept of price elasticity. How does it affect consumer behavior in relation to demand?
Identify and describe three factors that can influence demand for a product. Provide specific examples for each factor.
Imagine the price of a popular snack food increases significantly. Predict how this might affect the demand for that snack and for related products. Explain your reasoning.
Choose a product or service that you frequently purchase. Write a short paragraph explaining one factor that influences its demand. Be sure to include real-world examples to support your explanation.
Create a simple demand curve (graph) for a product of your choice, indicating how changes in price can affect the quantity demanded. Label the axes appropriately and provide at least three data points.
Reflect on the interactive activity we did in class. What was one insight you gained from discussing factors affecting demand with your partner? How did it change or reinforce your understanding of the topic?