Economics

Unit 1 | Topic 3.4 | Understanding Supply

How does the law of supply affect the quantity supplied?

Objectives

Explain the law of supply.
Interpret a supply schedule and a supply graph.
Examine the relationship between elasticity of supply and time.

Procedure

Review the Aim and notes from your initial text read.
Participate in the corresponding lesson topic presentation, revising notes.
Watch corresponding video(s); further revising notes.
Complete teacher instructed assignments.

Extension

Prepare for your next class session by reading the next topic section in your text, recording alphanumeric/Cornell notes.
Complete the next topic's Interactive Reading Notepad.

Econ 5.1

View Presentation

Record and revise notes

View the corresponding topic presentation; pausing and playing as needed to record and revise notes.

Watch Khan Academy Video

Record and revise notes

Watch the corresponding topic video; pausing and playing as needed to record and revise notes.

Lesson 3.4

Lesson Materials

Understanding Supply

By the end of this lesson, students should be able to understand how the law of supply explains how price effects quantity supplied; interpret a supply schedule and a supply graph; examine the relationship between elasticity of supply and time.

Eco 3.4 Interactive Reader.pdf

Interactive Reading Notepad

This supplemental support instructional activity provides access and reading supports of concepts of the content through active literacy.

econ_summary_en_03_04.pdf

Instructional Summary

This supplemental support instructional one-pager provides the basic concepts of the content of the lesson.

3.4 Instructional Exit Ticket.docx

Instructional Exit Ticket

How does the law of supply affect the quantity supplied?

Topic 3.3

Topic 3.5