SHS1 Economics · Semester 2 Week 2: Supply of Goods and Services

Lesson notes

Learning Objectives

Indicator: 1.2.2.LI.2 - State the law of supply

By the end of the lesson, learners can:

State the law of supply accurately in their own words.
Explain how the law of supply is derived from the behaviour of sellers in a market.
Distinguish between a movement along the supply curve and a shift of the supply curve.
Use data collected from local sellers to demonstrate the positive relationship between price and quantity supplied.
Justify why the supply curve slopes upward from left to right using real market observations.

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Curriculum details

Strand: Firms' Innovative Decision Making (Strand 2)
Sub-strand: Supply of Goods and Services (2.2)
Content standard: 1.2.2.CS.1 - Demonstrate understanding of basic supply concepts. 1.2.2.LO.1 Use relevant information from the environment to explain the meaning, types and the law of supply.
Indicator: 1.2.2.LI.2 - State the law of supply.
Suggested placement: Semester 2, Week 2 (Week 22 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.
Source document note: The official curriculum document has a fault in this entry, so the curriculum text above is transcribed exactly as printed:

content standard text - p.39 the document prints the content-standard code as "1.2.2.CS1", with no separator before the final digit
Curriculum reference: NaCCA curriculum document, p. 39

Exemplars (from the NaCCA curriculum)

Building on What Others Say: Discuss in mixed ability and gender groups using previous knowledge acquired to explain how the law of supply is derived and state it clearly. Respect individuals of different beliefs, religions, and cultures during and after the discussion.
Assessment (1.2.2.AS.2). The document marks these depth-of-knowledge levels for this indicator: Level 3 Strategic reasoning; Level 4 Extended critical thinking and reasoning.
Teaching and Learning Resources:
- Pen
- Exercise books
- Computer
- Projectors
- Markers
- White board
- ICT Lab