User talk:Group47DigitalResource

Lesson 01 Hi everyone...Welcome to Year 7 Economics Let's do a warmup session before the lesson.What was your last experience of a market? Cross questioning about time, items bought, prices, any memorable experience?, bargaining, satisfaction etc. 2.	What is a market in economics? Get student feedback and write the three key terms consumers, producers, goods and services on the board. 3.	In the Wiki Activity 1,which can be regarded as a market? Discuss and answer with your partner.

4.	Should markets necessarily be physically existing?

5.	Activity 2- Pair Work. Research on the housing market.

There are two steps for this activity. Step 1- Imagine the two of you are looking for a house for sale. Select the area of your choice and have a look at the housing market in the area. Pick the house of your preference. You may use Real estate websites for this. Do not spend more than 10 minutes on selecting a house. Step 2- Go to the Commonwealth Bank's home loan calculator and make calculations for a plan of 25 years. Calculate the interest and the total amount you pay at the end of 25 years.

6.	Direct students to do a research on activity 2 on housing market on the Wiki. 7.	Move around the class assisting students.

Relate their last experience with a market. 2.	Answer the question ‘what is a market?’ 3.	Interact with the Wiki and identify all pictures to be markets based on the three key terms on the board. 4.	Go through the examples (pictures on Wiki) and check for the existing environment of each market. 5.	Students work on Activity 2 and 3 with their partners. Lesson 2

1.	Forms groups of five. 2.	Select any market you like. Make a presentation on that as a group. Use the prompts and criteria in the Wiki. You may include other information you find as well. Prompts Who are the consumers?producers? goods and services? How are the payments made? Ease of access to the market Nature of demand for goods or services Ease of supply of goods and services Strategies used by suppliers/producers/consumers to overcome challenges

1.	Get into the groups formed by the teacher. 2.	Research on the topic chosen 3.	One from each group read the findings to the class.

Lesson 03

1.	Approach the lesson by asking the question: Have you ever been disappointed as you could not purchase what you were looking for in the school canteen/ stationery shop/ game shop etc because it was out of stock? 2.	How does the seller/ producer usually fix this type of issues? 3.	https://www.youtube.com/watch?v=720uyg0Dd_M Questions- True/ false 4.	If the price of your favourite bubble tea escalates drastically you will not often buy it. 5.	In economics, supply can be defined as the total amount available for consumption. It can be goods or services. 6.	When the price is affordable and cheaper more customers wanted to buy bananas. 7.	Knowing this, the sellers would like to increase the price to get better profits for themselves. 8.	https://www.youtube.com/watch?v=JEJW8HGPS4Q 1.	Watch the video and try to understand the following concepts. The law of supply Price mechanism 2.	The video shows the supply of rockets and ice cream. Can you fill in the blanks of the following passage about the facemask market. Covid-19 pandemic that started in 2020 is a universal issue today. Life styles changed drastically and the economies were affected in an adverse manner. However, the demand for certain goods such as toilet rolls, disinfectants, vaccines and face masks___________________. The price of a facemask before the pandemic was 30 cents while it __________________dramatically upto $1.50 during the spread of Covid. Suppliers of facemasks liked to increase their_______________ and started to supply more masks as the price _______________. So the higher the price of a product, the ______________ the quantity the suppliers want to produce and sell. This is called the law ______ _______________in Economics. For instance in Victoria, during January to May 2021 there were hardly any new cases reported and people were not interested in buying and wearing masks. Therefore, there was no point in producing masks if no one will buy them at a price that covers producer's ____________________and earns a ______________. We see how price makes an impact on the supply and demand and this is called the _______________ _________________________.

Speedy deletion nomination of User:Group47DigitalResource


Hello, and welcome to Wikipedia. A tag has been placed on User:Group47DigitalResource requesting that it be speedily deleted from Wikipedia. This has been done under section U5 of the criteria for speedy deletion, because the page appears to consist of writings, information, discussions, or activities not closely related to Wikipedia's goals. Please note that Wikipedia is not a free web hosting service. Under the criteria for speedy deletion, such pages may be deleted at any time.

If you think this page should not be deleted for this reason, you may contest the nomination by visiting the page and clicking the button labelled "Contest this speedy deletion". This will give you the opportunity to explain why you believe the page should not be deleted. However, be aware that once a page is tagged for speedy deletion, it may be deleted without delay. Please do not remove the speedy deletion tag from the page yourself, but do not hesitate to add information in line with Wikipedia's policies and guidelines. If the page is deleted, and you wish to retrieve the deleted material for future reference or improvement, then please contact the, or if you have already done so, you can place a request here. Flounder fillet (talk) 17:29, 15 April 2024 (UTC)