Week of 2/17/25 Econ Lesson Plans

Week of: 02/17/25

*for additional curriculum information, please visit the district's resource High School Resource Guides  or Georgia Standards of Excellence

Economics

Monday

Standard(s):Define the law of supply and the law of demand.

b. Distinguish between supply and quantity supplied, and demand and quantity demanded

LT:Learning Target:I can explain how the law of demand, the law of supply, and prices work to determine production and distribution in a market economy.

SC:I can combine supply and demand to determine prices and quantity.

I can identify how changes in supply and demand affect equilibrium price and quantity. 

Lesson/Activity: Equilibrium Price and Quantity

Resources: Sidewalk Chalk

Tuesday

Standard(s):Define the law of supply and the law of demand.

b. Distinguish between supply and quantity supplied, and demand and quantity demanded

LT:Learning Target:I can explain how the law of demand, the law of supply, and prices work to determine production and distribution in a market economy.

SC:I can determine how production costs affect supply

Lesson/Activity: Production Costs

Resources: Marshmallow Towers

Wednesday

Standard(s):Define the law of supply and the law of demand.

b. Distinguish between supply and quantity supplied, and demand and quantity demanded

LT:Learning Target:I can explain how the law of demand, the law of supply, and prices work to determine production and distribution in a market economy.

SC:I can combine supply and demand to determine prices and quantity.

I can identify how changes in supply and demand affect equilibrium price and quantity. 

Lesson/Activity: Combining Supply and Demand

Resources: Markets in Wheat 

Thursday

Standard(s):Define the law of supply and the law of demand.

b. Distinguish between supply and quantity supplied, and demand and quantity demanded

LT:Learning Target:I can explain how the law of demand, the law of supply, and prices work to determine production and distribution in a market economy.

SC:I can combine supply and demand to determine prices and quantity.

I can identify how changes in supply and demand affect equilibrium price and quantity. 

Lesson/Activity: Finish Supply Notes and Final Supply and Demand Practice

Resources: Supply Vocabulary Quiz

Friday

Standard(s): Compare and contrast three forms of business organization—sole proprietorship, partnership, and corporation with regards to number of owners, liability, lifespan, decision-making, and taxation.

LT: Compare the pros and cons of various business organizations.

SC: I can describe and give examples of sole proprietorships and partnerships.

Lesson/Activity: Sole Proprietorships/ Partnerships and structures of businesses.

Resources: Perdue Pharma Article