Group items tagged

The Frozen Price Game Students are told that a hurricane has caused a major power outage, increasing the demand and decreasing the supply of ice. They then use two different methods to allocate ice:  first-come, first-served and price.  This game is a good way to demonstrate the advantages of price allocation.   Click here to download rules and materials.  Also see the Debate Topics page for a new debate over whether gasoline price-gougers should be punished.

gcse economics - demand and supply - price equilibrium Price equilibrium is found where supply and demand are equal. This is the point where both sellers and buyers are happy with the price and quantity.

Farm themed group excel activity which demonstrates the interaction between supply of a product and price. Easily modified for KS4 or 6th form. Seems to work well!

1. Price Elasticity of Demand This measures the relationship between changes in price of a product and the change in demand for the product.

Clear, but just text - could be used as a reference for some independent learning (homework) - does include an 'Action' and has some side links for further study.

"Play this game to experience the challenges and excitement of international trade. See if you can get the best price for the goods you sell and the biggest bargains for the goods you buy. Watch how the global economy is doing: the prices you'll be able to get and the deals you can make depend on how healthy the global economy is."

Deals that arent really that much of a deal.

Facebook has set the share price for its upcoming initial public offering (IPO) at between $28 and $35 per share, valuing the company at between $85bn and $95bn. The pricing would enable Facebook to raise as much as $11.8bn (£7.3bn) through its stock market listing.

Exploring Supply and Demand First decide if the change affects demand, supply, or both, then decide how the price and quantity will be affected.

Market prices depend on levels of supply and demand. These levels rise and fall according to a number of factors, and can have a big impact on the success of a business.

Inflation is one of the most important issues in economics. It influences the interest rate we get on our savings and the rate we pay on our mortgages. Inflation also affects the level of state pensions and benefits, as well as the price of some train tickets.

a great way to compare products prices etc..

for economics or business studies?

Brewing giant SABMiller has agreed to buy Foster's in a deal that values Australia's largest brewer at 9.9bn Australian dollars ($10.2bn; £6.5bn). Fosters had rejected SAB's previous bid worth A$9.5bn, saying it undervalued the company. However, the Foster's board said it would be recommending the latest offer to its shareholders.

IT'S crunch time for the industry. Following the Costa Concordia disaster, cruise companies have been aggressively lowering rates and ratcheting up promotions to lure back hesitant passengers.