Demand for Goods and Services · SHS2 Economics

Lesson notes

Learning Objectives

Indicator: 2.1.2.LI.1 - Determine the factors that affect demand for a commodity.

By the end of the lesson, learners can:

Define the term “demand” and distinguish it from mere “want” or “desire.”
List at least six key factors that affect the demand for a commodity.
Explain how each factor influences demand, using appropriate economic reasoning.
Apply the factors of demand to real-life scenarios in Ghana, including their own experiences as students.
Work collaboratively in mixed-ability, mixed-gender groups to research and present findings on assigned factors of demand.

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Curriculum details

Strand: Consumers' Rational Decision Making (Strand 1)
Sub-strand: Demand for Goods and Services (1.2)
Content standard: 2.1.2.CS.1 - Apply knowledge of the concept of demand to distinguish between change in quantity demanded and change in demand. 2.1.2.LO.1 Use the appropriate factors of demand to explain the differences between change in quantity demanded and change in demand.
Indicator: 2.1.2.LI.1 - Determine the factors that affect demand for a commodity.
Suggested placement: Semester 1, Week 4 (Week 4 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:

exemplars - p.63 the document sets part of this text in a Calibri subset with no ToUnicode map, so the text layer reads as Latin Extended letters; the wording stored here was read off a 150 dpi render of printed page 63 and cross-checked against a letter-for-letter decode
core competencies - p.61 the document sets part of this text in a Calibri subset with no ToUnicode map, so the text layer reads as Latin Extended letters; the wording stored here was read off a 150 dpi render of printed page 61 and cross-checked against a letter-for-letter decode
Curriculum reference: NaCCA curriculum document, p. 63

Exemplars (from the NaCCA curriculum)

Collaborative Learning: Group learners in at least six different groups based on at least six factors that affect the demand for a commodity. Each group should research on their respective or assigned factors that determine the demand for a commodity. Each group should present their work using examples from their everyday life as students. Be sensitive to different abilities and gender.
- Awareness of personal biases, peculiarities and stereotypes
- Tolerance for diversity
Assessment (2.1.2.AS.1). The document marks these depth-of-knowledge levels for this indicator: Level 4 Extended critical thinking and reasoning.
Teaching and Learning Resources:
- Marker
- White board
- Projector
- Computers
- Pen
- Pencil
- Ruler
- Exercise books
- Internet
- Search engines