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Peer Review

Introduction to Demand Analysis

Reviewed:

Nov 4, 2024 by Business
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Ratings

Overall Rating: 5.0 stars
Content Quality: 5.0 stars
Effectiveness: 5.0 stars
Ease of Use: 5.0 stars
Overview:

This activity can be used at the beginning of an introductory economics course either at the high school (Advanced Placement or IB type of course) or undergraduate level. In this activity, students will talk about the factors that shift demand curves and explain why the curve shifts in the direction that it does. The student starts with looking at a supply and demand graph. Students answer three questions about the graph and what causes the curve to move.

The activity should be used after the student has read the chapter on demand and supply. The activity provides practice on reading a graph and should take 15-30 minutes.

Type of Material:

Assignment

Recommended Uses:

  • In-class assignment
  • Homework
Technical Requirements:

Used Chrome, Firefox

Word

Identify Major Learning Goals:

  • Read a graph and determine the result of a shift in one curve.
  • Understand the difference between a shift in the curve and a movement along a curve.
  • List factors that shift the demand curve
  • Explain the factors that cause the demand curve to shift.
Target Student Population:

  • Introductory economics class
  • Introductory business class
Prerequisite Knowledge or Skills:

Students should:

  • Read the chapter on the construction of the demand curve,
  • Know the determinants of demand (demand shifters)
  • Be able to read a graph.

Content Quality

Rating:
Strengths:

  • Simple
  • Effective
  • Appropriate for the concepts being presented.
Concerns:

None.

Potential Effectiveness as a Teaching Tool

Rating:
Strengths:

  • Easy to understand
  • Requires a student to move progressively from knowledge of the material to application of that knowledge.
  • Promotes the potential for student learning.
Concerns:

None

Ease of Use for Both Students and Faculty

Rating:
Strengths:

  • Material is clear
  • Material isconsistent.
  • Does not require fancy software
Concerns:

None.

Other Issues and Comments:

Good effective use of the demand and supply curves that help a student and instructor assess how, why, and when a demand curve shifts.

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