Supply and Demand Application

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Geography Lesson Plan: Supply and Demand in Business Contexts



Lesson Overview:



This lesson plan has been developed for Year 11 students in New Zealand, adhering to the New Zealand Curriculum standards for Geography. The focus is on understanding supply and demand dynamics within business contexts, particularly in relation to geographic factors. This lesson will explore how geographic elements influence business operations and market supply and demand in New Zealand.

- Subject: Geography
- Year Level: Year 11 (NCEA Level 1)
- Duration: 50 minutes
- Class Size: 30 students

Learning Objectives:



By the end of this lesson, students will be able to:

1. Define key economic terms including 'supply', 'demand', 'market equilibrium', and 'price mechanism'.
2. Explain how geographic factors impact business decisions related to supply and demand in New Zealand.
3. Identify and analyze real-world examples of how New Zealand businesses adapt to their geographic environments to manage supply and demand.
4. Develop critical thinking skills by applying the concepts of supply and demand to new scenarios.

Curriculum Links:



This lesson aligns with the geographical perspectives of the Social Sciences learning area in the New Zealand Curriculum. It specifically addresses aspects of Economic World, which is part of the Geography curriculum at NCEA Level 1.

- Strand: Economic World
- Achievement Objective: Students will gain understanding of how the environment impacts business and economic activities.

For in-depth curriculum details, refer to the New Zealand Curriculum Online - Social Sciences(external link).

Resources Needed:



- Interactive whiteboard
- Access to NZ business case studies (links provided during lesson)
- Student notebooks and pens
- Internet access for browsing real-time market data (if available)

Lesson Outline:



Warm-up Activity (5 minutes)


- Activity: Quick brainstorming session
- Objective: Students list what they understand by 'supply and demand' and brainstorm how the geography of a location might affect these economic factors.

Introduction to Key Concepts (10 minutes)


- Activity: Presentation and discussion
- Materials: PowerPoint slides on supply and demand basics
- Objective: Introduce and explain the core economic concepts of supply, demand, market equilibrium, and how geographical factors can influence these elements.

Case Study Analysis (15 minutes)


- Activity: Small group work analysing NZ-based business case studies
- Materials: Printed case study documents, internet access for additional research
- Objective: Students will analyse how specific New Zealand companies manage supply and demand while considering geographic constraints and opportunities. Example businesses could include a dairy farm in Waikato and a ski resort in Queenstown.

Practical Application: Scenario-based Activity (15 minutes)


- Activity: Scenario role-play/group discussion
- Objective: Students will apply the learned concepts to hypothetical business scenarios where they must make decisions based on geographic conditions affecting supply and demand.
- Scenarios Example: Deciding on the location for a new clothing manufacturing plant based on resource availability and market proximity.

Conclusion and Reflection (5 minutes)


- Activity: Class discussion and recap
- Objective: Students share their findings and reflect on how understanding geography is critical in business and economics. Address any misconceptions and summarise key insights.

Assessment:


- Formative Assessment: Observation of group discussion, checking understanding through questioning during activities.
- Homework Assignment: Students write a brief essay on how a chosen New Zealand business might be impacted by a sudden change in geographic or economic conditions (e.g., earthquake, trade embargo).

Additional Notes:


- Encourage critical thinking and inquiry. Let students question and explore how geographic diversity can be a challenge or an asset to businesses.
- Adapt group sizes and case study choices based on class dynamics and student interests.

By integrating geography with economics through practical and local examples, this lesson aims to enhance students' understanding of the complex interplay between environment and economic activities crucial for informed decision-making and citizenship.
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