1.2.6 Price determination & 1.2.7 Price mechanism - Theme 1 Edexcel A Level Econ
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!