This lesson introduces learners to the determination of prices. The starter introduces learners to the equilibrium point through a plotted graph which they draw, from this we introduce the concepts of excess demand and excess supply, with step by step animated examples for students to easily understand the concept. Some consolidation activities before we look at the price mechanism and the invisible hand and the three functions.
Two links to kahoot quizzes and a box plenary to finish with.
Colourful, concise and engaging slides!
Thank you
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Edexcel A Level Economics Theme 1 - 1.2 How markets work
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**New for 2021 - This bundle for Edexcel's A Level Economics Theme 1 is the ultimate pack for teachers delivering this course. Captivating powerpoints, the highest quality, unrivalled lesson experiences from start to finish.** Filled with real life examples and step-by-step animated diagrams. Please have a look at individual files to see previews. All you need - open the powerpoint, run through it, and deliver quality lessons whilst saving precious time. Colourful, concise and engaging slides! - all files in zip folder. Thank you Note: 1.1.6 free market, command and mixed economies and 1.3.1 types of market failure are free downloads in the shop so not included in this bundle Theme 1 - Introduction to markets and market failure
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