Bringing It All Together — Supply and Demand Game

Overview:

In this lesson, students will reason about complex supply and demand relationships by playing an economics game. This game combines previous lessons on the laws of supply and demand, shifts in supply and demand, equilibrium prices and elasticity. Students will take on one of many supply-chain roles (e.g. factory, wholesale, distributor, retailer), and make concrete choices about inventory and sales. The lesson provides students with personal experience from which to compare formal economic theory.

NBEA Standard(s):
  • Economics, I. Allocation of Resources
  • Economics, IV. Markets and Prices

Lesson Plan Details:

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