Economics Principles and Practices © 2012 Georgia

Chapter 4: Demand

Web Activity Lesson Plans


"Change in Demand"

Introduction
Students have learned that several factors influence change in demand. In this lesson, students will analyze statistics regarding how changes in population can influence demand for specific products.

Lesson Description
Students will use information from the U.S. Census Bureau Web site to study current and projected population trends. Students will also forecast how change in population influences the demand for specific products.

Previous Knowledge Expected
Law of Demand: an inverse relationship between quantity demanded and price
Change in Demand: a change in the demand schedule

Applied Content Standards (from the Council for Economic Education)
Standard 1:
Productive resources are limited. Therefore, people can not have all the goods and services they want; as a result, they must choose some things and give up others.

Instructional Objectives
  1. Students will be able to compare population statistics over time.
  2. Students will analyze how changes in population can influence demand.
Student Activity Answers

      1-4: Teacher may prepare an answer sheet from the U.S. Census Bureau graphs.

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