Have you heard how fast the PS5 has sold out? This is an example of when the supply doesn't meet the demand. In this lesson, students will gain an understanding of how prices in a free market are decided and how shifts in the demand and/or supply curve impact on price. Common exam mistakes will be explored and students will apply the theory to demonstrate the impact of real world scenarios. This class is aimed at Years 12 - 13 but is great for any student interested in how the economy works!
Safeguarding reminder:The safety of your child is of the utmost importance. All of our classes are pre-recorded to remove any concerns around live participation. For reruns of our past live classes, students' webcams and microphones were disabled and only the chat history, if participation was requested, is visible.
This class is suitable for students in Years 12 - 13 but is great for any student curious about economics.