SHS2 Agriculture · Semester 2 Week 12: Economics for Agriculture

Lesson notes

Learning Objectives

Indicator: 2.5.1.LI.1 - Explain the meaning and principles of demand and supply.

By the end of the lesson, learners can:

Define demand and supply in their own words, using examples from agricultural produce.
State and explain the key principles (laws) of demand and supply as they apply to agricultural commodities.
Distinguish between demand and supply, and between quantity demanded and quantity supplied.
Explain, in simple terms, how the interaction of demand and supply determines the price of agricultural produce in a market.
Use everyday farming and buying experiences to illustrate the meaning and principles of demand and supply.

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Curriculum details

Strand: Agricultural Economics, Agribusiness and Communication (Strand 5)
Sub-strand: Economics for Agriculture (5.1)
Content standard: 2.5.1.CS.1 - Demonstrate knowledge, understanding and skills of the concept and principles of demand and supply. 2.5.1.LO.1 Apply the knowledge and skills acquired to everyday life, agricultural production activities and business transactions.
Indicator: 2.5.1.LI.1 - Explain the meaning and principles of demand and supply.
Suggested placement: Semester 2, Week 12 (Week 32 of the year)
Our suggestion, laid out in curriculum order across three terms of twelve weeks. NaCCA does not fix the week, so follow your school's scheme of learning.
Curriculum reference: NaCCA curriculum document, p. 167

Exemplars (from the NaCCA curriculum)

Managing talk for learning: Learners in mixed-ability groups surf the internet for information on demand and supply and discuss their findings in class.
Think-pair-share: In pairs, learners discuss the meaning and principles of demand and supply.
Individual learning: Individual learners watch videos/charts on how demand and supply affect pricing of agricultural produce and write a report on their findings. Teachers should ensure that the videos/pictures used do not enforce stereotyping and if they do, teachers should discuss with learners.
Assessment (2.5.1.AS.1). The document marks these depth-of-knowledge levels for this indicator: Level 1 Recall; Level 2 Skills of conceptual understanding.
Teaching and Learning Resources:
- Functional internet connectivity
- Computer
- Video on the concept of demand and supply
- Notebooks
- Pens
- Textbooks on Agricultural economics
- Video/charts on the factors influencing demand and supply
- Chart to build portfolio, pictures/charts on determinants of price for agricultural commodities