miércoles, 16 de diciembre de 2015

Supply and demand

Template to design a CLIL didactic unit

 

Subject: Economy                                                   Teacher: Alejandro Barbero Barbero

 

Title of the Unit  Supply and Demand                              Course / Level: 1º Bachillerato                

 

1. Learning outcomes

 / Evaluation criteria

To define supply and demand analysis and explain its function.

 To explain how supply and demand are relationships between the price of a product and the quantity of the same product.

 To define and explain the difference between demand and quantity demanded and supply and quantity supplied.

 To define and explain the law of demand and law of supply.

 To define and explain the difference between a demand schedule and a demand curve.

 To draw and explain how a demand curve illustrates the law of demand.

 To list and explain things that cause a demand curve and a supply curve to shift to the right and to the left

 To define and explain the difference between normal goods and inferior goods.

 To define and explain the difference between substitutes and complementary goods.

 To illustrate and explain how a change in prices, tastes

 and preferences can increase or decreased the demand for a product.

 To draw and explain how a supply curve or demand curve illustrates the law of supply and demand.

 To explain the meaning of the Latin phrase "ceteris paribus."

 To define and explain the difference between an equilibrium price and a market price.

 To determine the equilibrium price and quantity with information about the market

To determine the equilibrium price and quantity from a graph of a supply curve and a demand curve.

2. Subject Content

Law of demand, price of related products and demand

Demand curve. 

Change in expected future prices and demand

Change in income, population or preferences

Normal and inferior goods

Factors than change demand

Shifts in demand curve

Law of supply and factor that change supply

Shifts in supply curve

Market equilibrium

 

3. Language Content / Communication

Vocabulary

 

Nouns: 

Demand, supply, law, quantity, equilibrium, goods, tastes,

preferences, rise, service, slope

Verbs:

Shift, increase, decrease, change, carry on, move, me

asure, demand,

connect, hold, purchase, go up

Adjectives: 

Normal, inferior, high, low, positive, negative, total, dow

mward

Preposition:

Between, up, down, until, towards, across

Structures

 

Condicional: If...then

Deductions: Should, must be, must have

Mathematical expressions: plus, minus, times, equals

 

 

Discourse type

Exposition, argument,deduction

Language skills

Reading, listening, speaking, writing

4. Contextual (cultural) element

        To be aware of the importance of the market

        To create interest about the reasons of behavior of consumers and suppliers 

        To value the diversity of opinions and points of view of all the classmates

To create a responsible view of the consum in our society

 

5. Cognitive (thinking) processes

Understand, analyse, apply, evaluate and create

6. Task and Activities

 Brainstorming, Vocabulary quizlets and vocabulary worksheets (filling the gaps, matching, true and false) Answer questions orally,Read a text and answer questions about the text.Drawing demand and supply curves.

Students must do a libreoffice presentation or similiar (google drive, ppt, prezi) at the end of the lesson with all the contents learned in the lesson.

 

 

7. Methodology

Organization and class distribution / timing

 

The number of season will be six sessions. Our methodology should be active, guided and well structured. We would use a language adapted to the students level. Finally we will use visual contents in order to help with comprehension.

Presentation

http://www.educaplay.com/es/recursoseducativos/2221502/supply_and_demand.htm

 

Session 1

-          Ask students for previous knowledge.

-          How many euros are you willing to pay for a smartphone. Discussion.

-          Discover the factors affecting demand.

-          How can we represent the demand curve?

-          Explain slide 1,2 and 3from the presentation (URL on resources)

Session 2

-          Ask students for previous knowledge.

-          How many euros are you willing to recibe for a smartphone. Discussion.

-          Discover the factors affecting supply

-          How can represent the supply curve?

-          Teacher explain slide 4 and 5

-          Students must represent demand and supply curve in the different situation given on a market.

Session 3

-          Market equilibrium. Explain slide 6

-          Some question about market (featuring Indiana Jones)

http://www.educaplay.com/es/recursoseducativos/2221541/indiana_jones_and_economy.htm

-          Find out the equilibrium market using maths.

Session 4

-          Introduction with a short video: Obelix and Co

 

https://www.youtube.com/watch?v=qFs5LKBhcK8

 

-          Explain changes on market condition. (slide 7 and 8)

-          Excersice to distinguish between movements and shift.

-          Introduction of elasticity. How to interpret the result of it

Session 5

-          Final excersice about supply and demand to consolidate concepts.

-          Crossword to reinforce concepts.

http://www.educaplay.com/es/recursoseducativos/2219793/supply_and_demand.htm

-          Interactive test of supply and demand

-          http://www.econweb.com/MacroWelcome/sandd/quiz/

 

Session 6

- Webquest "A trip through the Economy"

 

 

 

 

 

 

Resources / Materials

 

We will use the following materials: notes of the teacher, Smart board, photocopies, bilingual dictionaries, web pages, libreoffice presentation, webquest, and some interactive resources made by the teacher or found on the web. All the resources as write down notes, presentation, interactive activities will be availaible in Scholarium platform as well.

http://www.educaplay.com/es/recursoseducativos/2221502/supply_and_demand.htm

http://www.educaplay.com/es/recursoseducativos/2221541/indiana_jones_and_economy.htm

https://www.youtube.com/watch?v=qFs5LKBhcK8

http://www.educaplay.com/es/recursoseducativos/2219793/supply_and_demand.htm

http://www.econweb.com/MacroWelcome/sandd/quiz/

 

 

 

 

                                 

Key Competences

Linguistic competence: acquisition of specific language and vocabulary. L1 and L2 will be combined. We will make the introduction in L1, and we consolidate with L2.

Mathematical competence: We will use mathematical calculation to find out the equilibrium Price and quantity, and to calculate supply and demanda excess.

       

 

8. Evaluation (criteria and instruments)

Evaluation criteria:

Check that the pupils can identify the factors that explain demand and supply

Verify that they can identify a demand curve and a supply curve

Evaluate if the know how to calculate equilibrium of market

Assess if the pupils can recognize influence of factors in market equilibrium

Check if they can comment, drawings and shifts

         

Evaluation instruments:

Observation

Review of the activities of the pupils (evaluating comprehension and writing levels).

Use the blackboard by the pupils (to stimulate activity and to detect posible mistakes).

Use of ICT (Information and communication technologies) as the

smartboard and laptops.

Written tests.

 

 

 

Some of the activities we will do in this unit, including the webquest "A trip through the Economy"

 

Scaffolding activities

 

Reception

 

-          Make a glossary with new vocabulary of the concepts studied in this unit.

-          Complete the definition. You can be helped with the write down and the power point: demand, supply, equilibrium, movements, shifts, income, inferior goods, substitute goods, complementary goods, "ceteris paribus", market, consumers, sellers, circular flow of income and market clearing level

-          Watch the video on youtube about the supply and demand. Write down the words you don´t understand:

https://www.youtube.com/watch?v=8-yWKgZv9JY

 

 

Transformation

 

-          Analyze the next information on the tableand decide where is the equilibrium market and whay. Explain what happens when the price is above the equilibrim and below the equilibrium (You must choose only one price above and one below). Finally, depict the graphic of both situation:

 

Price

Supply

Demand

1

0

100

3

5

90

5

15

75

7

22

63

9

28

52

11

34

43

13

38

38

15

49

30

17

58

26

19

68

14

 

-          If we know that one market is related with the next demand and supply – price function

Qd = 8250-325P                                      Qs = 850+175P

 

a)      Calculate the equilibrium or market clearing level.

b)      Establish what happen if the price is 12 euros.

c)      Establish what happen if the price is 16 euros.

d)      Depict the section a and b

 

 

-          Decide if these statemants are right or wrong and explain the reason.

 

a)      If the clearing market price is 6, when the price is 8 there is a excess of supply

b)      If a new company create a new apps for mobile phone that decrease the cost of making a call phone, decrease the demand of this mobile phone.

c)      If Renault Clio´s price increase, then more Opel Corsa will be buy by the consumers.

d)      If incomes of the consumers increase, it will increase the quantity of demands of all  goods

e)      If we are analizying coffee market and price of coffee increases, then it will be a demand curve shift

 

Production

 

-          Make a power point using all the new concepts that you have learned in this unit.

-          Watch this video https://www.youtube.com/watch?v=qFs5LKBhcK8

related with this book https://en.wikipedia.org/wiki/Obelix_and_Co. After that make your own comic including at least these concepts: supply, demand, companies, income, price, equilibrium and excess supply and demand.

 

-          We are going to find out one of the main author who inspire the running of market. To get this goal you have to make this webquest. http://phpwebquest.org/wq25/procesa_index_autor.php 

(here is the content of the webquest)

 

A TRIP THROUGH THE ECONOMY

A WebQuest for Bachillerato (Economy)

Designed by

Alejandro Barbero

Introduction

Do you want to be rich? I cannot help you with this problem, but with this activity you will discover how Economy becomes a science. Come with me and enjoy yourself.

Here is an appetizer, one Nobel Prize winner said:

The most important single central fact about a free market is that no exchange takes place unless both parties benefit.

 

The Task

November 1760, Somewhere. You and your partner have a detective agency. One customer wants to know who wrote this mysterious message received in his mail. "Man is an animal that makes bargains: no other animal does this - no dog exchanges bones with another".

You must find:

- who is the author of this quote?

- where was he born?

- where does he live?

-where does he work?

- little description of his country?

- you have to discover his main economic ideas?

- Once you have all of this information you have to send it to your client. You must also include one picture of the man.

- You have to collect all the previous information in an open office writer document or an open office impress document, as you like and give it to your teacher.

 

Process

- Make groups of two pupils

- Look for the information. You can find the answers of the questions in the next Webs pages:

·         www.google.es

·         www.econolandia.com

·         www.eumed.net

·         http://en.wikipedia.org/wiki

·         http://es.youtube.com/watch?v=DrZGT89ht-g

·         http://es.youtube.com/watch?v=teL6rVnAFHI

 

- Collect all the information and write your computer document properly .

- Explain the main principles of Adam Smith to the rest of the class.

- Give your essay to your teacher.

 

 

 

Evaluation

You are going to show your findings to the rest of the class. Your teacher and classmates are going to evaluate your work. For this, use the following information:

 

Organization

 

There is no sequence of information. Impossible to follow

Jump around. Difficult to follow logical sequence that the audience can follow.

Logical, original and interesting sequence that the audience can follow.

 

Elocution

 

Student mumbles, pronounces terms incorrectly, and speaks too quietly for students in the back of class to hear.

Student's voice is low. Student pronounces terms incorrectly. Audience members have difficulty hearing presentation.

Student's voice is clear. Student pronounces most words correctly. Most audience members can hear presentation.

Student uses a clear voice and correct, precise pronunciation of terms so that all audience members can hear presentation.

 

Design

 

Disorganized and unattractive

Attractive but without organization

Attractive and organized

Brilliant and attractive which shows plain organization

 

Conclusion

If you have done a good job, you will have discovered the father of modern economy. You will have learned how to use and process all the information the Internet offers you and You will have found out a beautiful place to visit in a future tour.

Interactive activities design by Alejandro Barbero in educaplay

 

http://www.educaplay.com/es/recursoseducativos/2221502/supply_and_demand.htm

 

http://www.educaplay.com/es/recursoseducativos/2221541/indiana_jones_and_economy.htm

 

http://www.educaplay.com/es/recursoseducativos/2219793/supply_and_demand.htm

 

Enlace proyecto google drive

 

https://drive.google.com/file/d/0B78Sij3kbcH6enV0ZG1GcWFmcFU/view?usp=sharing



Alejandro Barbero Barbero 

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