In-class discussion and debate: Provide two examples to the entire class about two companies’ real practices of recognizing and controlling the trends of demand and supply to maintain profits for their products in the market. A few common questions will be brought out for all learners to discuss. The class will be separated into two large groups, in which each group takes stances for one company and answers the common questions by analyzing their company’s strategies, processes, and outcomes and discussing the strengths and weaknesses. After 20 minutes of discussion, two groups will share their ideas with the entire class and will try to convince another group to agree that their own company’s strategy brings better results to meet the company’s goal of maintaining profit and competitiveness in the market.
Guest lecture: Invite guests from public companies, such as CEOs, board directors, project team members, etc., who clearly understand the history of changes in the real-life market’s demand and supply for specific products. These experts could provide the learners with an overview of what factors drive the changes in demand or supply, how the changes in demand or supply affect different stakeholders’ benefits, how to control these variables to maintain profits in the company etc., and be able to answer the questions accurately and credible in the Q&A session.
Kahoot!: A Kahoot! In-class activities contain time-limited questions for different teams to actively participate and compete, which are helpful for students to absorb and digest economic growth knowledge more quickly, and at the same time evaluate their learning progress. For example, Kahoot! pops out the question asking ‘which diagram below shows term of surplus’, and students need to identify the correct diagram with matching characteristics with the term ‘surplus’. By this way, the activity can facilitate more efficient knowledge absorption and evaluation through competition.
Presentation and Q&A (Question and Answer): Presentations will be hold after the end of each sub topic, for a time limit of 5 minutes with a 3 minutes Q&A after wards. To allow students to apply their knowledge to real-world scenarios. They can demonstrate their understanding of concepts, theories, and practical applications through the presentation format. This application helps enhance their learning and presentation skills, and let the student answer the questions not only from the textbook and but their peers who is also learning the concept. For example the presentations about the undestand of what is elasticity in economics.
