Using Clickers to Generate Supply and Demand Curves part of Starting Point: Teaching and Learning Economics:Teaching Methods:Classroom Response Systems:Examples
Use the clickers to generate data for demand and supply curves by asking students to give numerical values for their maximum willingness to pay for something and their minimum willingness to accept for something. For example, pose the following questions to the students: (1) What is the minimum price you would accept in order to shave your head? (2) What is the maximum amount you would be willing to pay to hire someone to clean your room? Students key in their answers on their response pads. The data is gathered and used to determine the quantity of shaved heads supplied at each price and the quantity of cleaned rooms demanded at each price. Use the data generated to graph both the demand and supply curves.
Shelby Frost part of Starting Point: Teaching and Learning Economics:About this Project:Project Participants
Clinical Associate Professor of Economics 14 Marietta Street, NW, Suite 524 Department of Economics, Andrew Young School of Policy Studies, Georgia State University Atlanta, Georgia 30303 firstname.lastname@example.org Phone: ...