Description
Production, distribution, and demand are three important concepts in economics that everyone should understand. This lesson plan is designed to introduce these concepts to students in an engaging and easy-to-understand way. By the end of the lesson, they’ll have a good grasp of how economics works in their everyday lives and what economists do. They’ll be able to gather and analyze data, determine how to deal with scarcity, compare the cost and benefits of different choices, and define opportunity cost. This is valuable knowledge that will help them make informed decisions throughout their lives.
