Grades 3-5, 6-8
Winter 2021 Virtual Bootcamp, AM Session: Day 1- Microeconomics
February 16 10:00-12:30pm ET
Time: 150 mins,
Updated: January 19 2023,
Presenter: Theodore Opderbeck
Teachers will be able to:
- Show how elasticity and government price controls affect market forces.
- Discuss how and why consumers choose in order to maximize utility.
This video is available to view for EconEdLink members only.
In this economics webinar, examine how supply and demand determine market prices, and also the role of government regulation.
Learn all about how markets work and concepts like elasticity, consumer choice and price controls. Teachers will examine the mechanics of a free market economy and how various actors’ decisions affect supply and demand.
After analyzing the content in depth, teachers can apply their learning to real world examples and solve problems while modeling digital formative assessments. Additionally, you will be provided with dynamic lesson plans and activities to engage your students.
Updated! In this economic lesson, students will view TV ads to learn advertising incentives and strategies.
Key Concepts: Advertising, Consumers, Incentives
Grades K-2, 3-5
Goods & Services (Lightning Round)
In this economics activity, you will learn about goods and services via drag and drop classification.
Key Concepts: Consumers, Goods and Services
Matching Goods and Services
In this economics activity, students will match key terms with the appropriate pictures.
Key Concepts: Consumers, Goods and Services, Producers
Calculating Price Elasticity
In this economics activity, students will practice calculating elasticity of demand.
Key Concepts: Demand, Elasticity of Demand