SHS2 Economics · Semester 1 Week 18: Supply of Goods and Services

Lesson notes

Learning Objectives

Indicator: 2.2.2.LI.2 - Differentiate between change in quantity supplied and change in supply.

By the end of the lesson, learners can:

Distinguish between a change in quantity supplied and a change in supply using appropriate economic terminology.
Illustrate, with correctly labelled diagrams, the difference between a movement along a supply curve and a shift of the entire supply curve.
Identify the causes of a change in quantity supplied (price of the commodity) and the causes of a change in supply (factors other than price, such as cost of production, technology, and number of sellers).
Explain, with practical examples, how each determinant of supply affects the position of the supply curve.
Interpret given market scenarios and classify them correctly as either a change in quantity supplied or a change in supply.

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Curriculum details

Strand: Firms' Innovative Decision Making (Strand 2)
Sub-strand: Supply of Goods and Services (2.2)
Content standard: 2.2.2.CS.1 - Demonstrate knowledge of supply of goods and services. 2.2.2.LO.1 Use the factors of supply to explain the differences between change in quantity supplied and change in supply.
Indicator: 2.2.2.LI.2 - Differentiate between change in quantity supplied and change in supply.
Suggested placement: Semester 1, Week 18 (Week 18 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.72 the document prints the content-standard code as "2.2.2.CS1", with no separator before the final digit
indicator text - p.72 the document prints the learning-indicator code as "2.2.2LI.2", with no separator before the type token
Curriculum reference: NaCCA curriculum document, p. 72

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.
- Sensitivity to the inter-relatedness of the various spheres of life, groups and individuals during discussions
- Awareness of personal biases, peculiarities and stereotypes in groups
- Tolerance for diversity
Assessment (2.2.2.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
- Microsoft PowerPoint