Unit 2: Supply, Demand, and Market Structures Why do choices and incentives influence the behavior of individuals, businesses, and economic institutions? 4 weeks Enduring Understandings Suggested Texts and Resources In this unit, students examine the economic concepts of demand, HM Economics: Concepts and Choices, supply, and market structures. All of these concepts help us understand Chapter 4, Chapter 5, Chapter 6, Chapter 7 why markets work. Econ TCI Teacher Materials Online Demand and supply are the two forces that make market economics Demand and Supply work. Demand reflects what consumers are willing and able to pay at Markets, Equilibrium, and Prices different prices. Supply is an indication of what producers are willing Market Structures and Market Failures
Unit 2: Supply, Demand, and Market Structures Why do choices and incentives influence the behavior of individuals, businesses, and economic institutions? 4 weeks Enduring Understandings Suggested Texts and Resources In this unit, students examine the economic concepts of demand, supply, and market structures. All of these concepts help us understand why markets work. Demand and supply are the two forces that make market economics work. Demand reflects what consumers are willing and able to pay at different prices. Supply is an indication of what producers are willing Economics: Concepts and Choices, HM Chapter 4, Chapter 5, Chapter 6, Chapter 7 Econ TCI Teacher Materials Online Demand and Supply Markets, Equilibrium, and Prices Market Structures and Market Failures
economics_curriculum_guide_2016-17.docx