4. Economics: Supply and demand curve
Keystage: KS4
Subject: Economics
Resource type: Lesson
Skills: Problem Solving
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Helping Volord with Supply and Demand: In this activity, students are tasked with developing their understanding of demand shifts and movements along the supply and demand curves, in the context of a Head of Sales at a car manufacturer diagnosing issues with the supply chain that are affecting purchasers of new cars from the manufacturer.
Career Spotlight
Head of Sales
Learning Aim
To be able to understand demand and supply in competitive markets, including individual supply and demand shifts and movements along the supply and demand curves.
Skills Builder Links
Problem Solving Step 3
I complete tasks by finding information I need myself.
Curriculum Table
| England: The national curriculum (England) | The role of markets Students must know and understand supply and demand in competitive markets, including individual supply and demand; market supply and demand; and shifts of and movements along the supply and demand curves. |
| Scotland: The National 5 Business Management | Economics of the market Theory of demand: effective demand, demand schedules, and demand curves. |
| Wales: WJEC GCSE in business specification | Currently, there is no WJEC GCSE economics qualification available. WJEC only provides Economics at A-Level. |