Activity 1 Plot quantity supplied
Grokkingecon Activities:
Grokkingecon Multiple Choice:
Activity 5 Eight "yes" or "no" questions on demand
Mostly supply and demand questions, along with questions about
total revenue and total expenditures
total revenue and total expenditures
Activity 8 Shifts only with Supply (10 questions)
Activity 9 Shifts in Supply or Demand (10 questions)
Activity 10 18 questions given in a baseball format. Fun game to play in class.
Activity 7 Shifts only with Demand (10 questions)
Activity 11 Students think of questions to stump Team 2, while Team 2
students think of questions to stump Team 1
students think of questions to stump Team 1
Activity 2 Shifts in supply
Activity 3 Plot quantity demanded
Activity 4 Shifts in demand
Activity 6 Eight "yes" or "no" questions on supply
Activity 1 Subsidy Graphing
Grokkingecon Activities:
Activity 2 Quota Graphing
Activity 3 Tariff Graphing
Activity 5 Open Trade Graphing
Activity 6 World Price Graphing
Activity 4 World Trade Graphing
| Steven M. Reff Economics Lecturer University of Arizona (2007 - 2016) The 2015 University of Arizona Five-Star Faculty Award |
| Unit 2: Supply and Demand |
| Graphing and Visuals |
| Scarcity and Markets |
2.1 Demand
| Scarcity and Markets |
2.2 Supply
Manipulation |
| Scarcity and Markets |
2.3 Price Elasticity of Demand
| Scarcity and Markets |
Reffonomics eTextbook:
Quantity Demanded Chapter: http://reffonomics.com/Qd.html
Demand Chapter: http://reffonomics.com/Demand.html
Quantity Demanded Chapter: http://reffonomics.com/Qd.html
Demand Chapter: http://reffonomics.com/Demand.html
Interactive Lessons, Movable Graphs, or Drawable Graphs:
Movable Qd Graph to Show Price Changes ONLY Qd with Questions
Movable Qd Graph to Show Price Changes ONLY Qd with Questions
Class Starter 3-by-3 eVideos (3 min. and 3 multiple choice questions)
Quantity Supplied vs. Supply (2:17 minutes)
Determinants of Supply (2:49 minutes)
Simultaneous Shifts in Supply and Demand (2:48 minutes)
Quantity Supplied vs. Supply (2:17 minutes)
Determinants of Supply (2:49 minutes)
Simultaneous Shifts in Supply and Demand (2:48 minutes)
Interactive Lessons, Movable Graphs, or Drawable Graphs:
Supply and Demand Determinants Interactive Charts (two charts)
Movable Supply and Demand Graph with Questions
10 Easy Questions with Supply and Demand Interactive Graph
12 Easy Questions with Supply and Demand Interactive Graph
Simultaneous Shifts in Supply and Demand Interactive Graph
Supply and Demand Determinants Interactive Charts (two charts)
Movable Supply and Demand Graph with Questions
10 Easy Questions with Supply and Demand Interactive Graph
12 Easy Questions with Supply and Demand Interactive Graph
Simultaneous Shifts in Supply and Demand Interactive Graph
Class Starter 3-by-3 eVideos (3 min. and 3 multiple choice questions)
Elasticity and Total Revenue (2:23 minutes)
Elasticity and Marginal Revenue (1:42 minutes)
Elasticity of Demand Coefficient (2:45 minutes)
Elasticity of Demand Coefficient Examples (2:59 minutes)
Elasticity and Total Revenue (2:23 minutes)
Elasticity and Marginal Revenue (1:42 minutes)
Elasticity of Demand Coefficient (2:45 minutes)
Elasticity of Demand Coefficient Examples (2:59 minutes)
Interactive Lessons, Movable Graphs, or Drawable Graphs:
Elasticity of Supply Lesson
Elasticity of Supply Lesson
Class Starter 3-by-3 eVideos (3 min. and 3 multiple choice questions)
Elasticity of Supply Coefficient (2:28 minutes)
Elasticity of Supply Coefficient (2:28 minutes)
Interactive Lessons, Movable Graphs, or Drawable Graphs:
Elasticity of Demand Lesson on Insulin and Bicycles
Elasticity of Demand and Total Revenue Interactive Graph
Elasticity of Demand and Total Revenue Interactive Graphs, Part II
Elasticity of Demand and Marginal Revenue Interactive Graph
Elasticity of Demand Lesson on Insulin and Bicycles
Elasticity of Demand and Total Revenue Interactive Graph
Elasticity of Demand and Total Revenue Interactive Graphs, Part II
Elasticity of Demand and Marginal Revenue Interactive Graph
9 - 11 Class Periods
20 - 25% of exam
| Graphing and Visuals |
Manipulation |
| Resource Alignment with the Microeconomics Classroom |
NOTE: This website is not a College Board sponsored website. Everything on this
website can be used by teachers or students to get a better understanding of their
college-level Microeconomics and Macroeconomics courses.
website can be used by teachers or students to get a better understanding of their
college-level Microeconomics and Macroeconomics courses.
Class Starter 3-by-3 eVideos (3 min. and 3 multiple choice questions)
Qd vs. Demand (2:57 minutes)
Determinants of Demand, Part I (3:27 minutes)
Determinants of Demand, Part II (2:55 minutes)
Qd vs. Demand (2:57 minutes)
Determinants of Demand, Part I (3:27 minutes)
Determinants of Demand, Part II (2:55 minutes)
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2.4 Price Elasticity of Supply
| Scarcity and Markets |
Manipulation |
2.5 Other Elasticities
Quick Notes by Steven Reff (There is NO sound; just notes written quickly. See if you can keep up.)
Supply and Demand
Supply and Demand
All the Graphs You "Need" to Know: Supply and Demand Determinants
Economics Baseball Game: Supply and Demand
Cell Phone -- Graphing Supply and Demand Interactive:
http://reffonomics.com/c3.html Supply and Demand (oldest)
http://reffonomics.com/cc3.html Supply and Demand (newer)
http://reffonomics.com/ccc3.html PPF, Part I (NEWEST 2019)
http://reffonomics.com/c3.html Supply and Demand (oldest)
http://reffonomics.com/cc3.html Supply and Demand (newer)
http://reffonomics.com/ccc3.html PPF, Part I (NEWEST 2019)
Reffonomics eTextbook:
Quantity Supplied Chapter: http://reffonomics.com/Qs.html
Supply Chapter: http://reffonomics.com/Supply.html
Quantity Supplied Chapter: http://reffonomics.com/Qs.html
Supply Chapter: http://reffonomics.com/Supply.html
Reffonomics eTextbook:
Price Elasticity of Demand: http://reffonomics.com/ElasticityLesson.html
Price Elasticity of Demand: http://reffonomics.com/ElasticityLesson.html
Reffonomics eTextbook:
Price Elasticity of Supply: http://reffonomics.com/ElasticityofSupply.html
Price Elasticity of Supply: http://reffonomics.com/ElasticityofSupply.html
Interactive Lessons, Movable Graphs, or Drawable Graphs:
Income Elasticity Coefficient Questions and Answers
Cross Elasticity Coefficient Questions and Answers
Income Elasticity Coefficient Questions and Answers
Cross Elasticity Coefficient Questions and Answers
Class Starter 3-by-3 eVideos (3 min. and 3 multiple choice questions)
Income Elasticity Coefficient (2:36 minutes)
Income Elasticity Coefficient Examples (2:36 minutes)
Cross Elasticity of Demand Coefficient (2:56 minutes)
Cross Elasticity Coefficient Examples (2:57 minutes)
Income Elasticity Coefficient (2:36 minutes)
Income Elasticity Coefficient Examples (2:36 minutes)
Cross Elasticity of Demand Coefficient (2:56 minutes)
Cross Elasticity Coefficient Examples (2:57 minutes)
Reffonomics eTextbook:
Income and Cross Elasticity of Demand: http://reffonomics.com/IncomeandCrossElasticity.html
Income and Cross Elasticity of Demand: http://reffonomics.com/IncomeandCrossElasticity.html
| Principles and Models |
| Scarcity and Markets |
2.6 Market Equilibrium and Consumer and Producer Surplus
Interactive Lessons, Movable Graphs, or Drawable Graphs:
Consumer Surplus Graph
Producer Surplus Graph
Consumer Surplus Graph
Producer Surplus Graph
Class Starter 3-by-3 eVideos (3 min. and 3 multiple choice questions)
Individual Consumer Surplus (1:26 minutes)
Market Consumer Surplus (3:09 minutes)
Individual Producer Surplus (1:32 minutes)
Market Producer Surplus (2:54 minutes)
Individual Consumer Surplus (1:26 minutes)
Market Consumer Surplus (3:09 minutes)
Individual Producer Surplus (1:32 minutes)
Market Producer Surplus (2:54 minutes)
Reffonomics eTextbook: http://reffonomics.com/ConsumerandProducerSurplus.html
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Activity 1 Elasticity formula
Grokkingecon Activities:
Grokkingecon Multiple Choice:
Activity 7 Income elasticity
12 questions on Elasticity
Activity 9 Supply elasticity with demand
Activity 2 Elastic vs. inelastic
Activity 3 Elastic vs. inelastic (true/false)
Activity 5 TR, elastic, inelastic
Activity 6 Cross elasticity
Activity 4 TR, elastic, inelastic
Activity 8 Supply elasticity
20 questions on Elasticity
| Check Your Knowledge (using College Board® FRQs) |
| Check Your Knowledge (Unit 1: Basic Concepts) NOTE: This is a paid membership website www.grokkingecon.com |
| Check Your Knowledge (Unit 1: Basic Concepts) NOTE: This is a paid membership website www.grokkingecon.com |
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| Scarcity and Markets |
Manipulation |
2.7 Market Disequilibrium and Changes in Equilibrium
Class Starter 3-by-3 eVideos (3 min. and 3 multiple choice questions)
Surplus and Shortage (3:04 minutes)
Surplus and Shortage (3:04 minutes)
Reffonomics eTextbook:
Shortages and Surpluses: http://reffonomics.com/ShortageandSurplus.html
Shortages and Surpluses: http://reffonomics.com/ShortageandSurplus.html
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| Market Inefficiency and Public Policy |
2.8 The Effects of Government Intervention in Markets
Class Starter 3-by-3 eVideos (3 min. and 3 multiple choice questions)
Per-Unit Tax and What Happens to Price (2:10 minutes)
Per-Unit Tax and Consumer/Producer Surplus and Tax Revenue (2:07 minutes)
Per-Unit Tax and Consumer/Producer Surplus and Deadweight Loss (2:59 minutes)
Per-Unit Tax and Elastic Demand vs. Inelastic Demand (2:43 minutes)
Per-Unit Tax and Elastic Demand vs. Inelastic Demand, Part II (2:20 minutes)
Deadweight Loss (3:06 minutes)
Price Ceiling (Effective vs. Ineffective) (2:24 minutes)
Price Floor (Effective vs. Ineffective) (2:03 minutes)
Price Ceiling (CS, PS, and Deadweight Loss) (3:14 minutes)
Price Floor (CS, PS, and Deadweight Loss) (3:21 minutes)
Per-Unit Tax and What Happens to Price (2:10 minutes)
Per-Unit Tax and Consumer/Producer Surplus and Tax Revenue (2:07 minutes)
Per-Unit Tax and Consumer/Producer Surplus and Deadweight Loss (2:59 minutes)
Per-Unit Tax and Elastic Demand vs. Inelastic Demand (2:43 minutes)
Per-Unit Tax and Elastic Demand vs. Inelastic Demand, Part II (2:20 minutes)
Deadweight Loss (3:06 minutes)
Price Ceiling (Effective vs. Ineffective) (2:24 minutes)
Price Floor (Effective vs. Ineffective) (2:03 minutes)
Price Ceiling (CS, PS, and Deadweight Loss) (3:14 minutes)
Price Floor (CS, PS, and Deadweight Loss) (3:21 minutes)
Interactive Lessons, Movable Graphs, or Drawable Graphs:
Per-Unit Tax and Elasticity of Demand Lesson
Per-Unit Tax and Elasticity of Demand Interactive Graphs
Per-Unit Tax and Elasticity of Demand Interactive Side-by-Side Graphs
Figuring the Areas on a Graph
Deadweight Loss and Allocative Efficiency Graphs
Price Ceiling and Price Floor Lesson and Interactive Questions
Per-Unit Tax and Elasticity of Demand Lesson
Per-Unit Tax and Elasticity of Demand Interactive Graphs
Per-Unit Tax and Elasticity of Demand Interactive Side-by-Side Graphs
Figuring the Areas on a Graph
Deadweight Loss and Allocative Efficiency Graphs
Price Ceiling and Price Floor Lesson and Interactive Questions
| Graphing and Visuals |
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Quick Notes by Steven Reff (There is NO sound; just notes written quickly. See if you can keep up.)
Price Ceiling and Price Floor
Price Ceiling and Price Floor
All the Graphs You "Need" to Know: Price Ceiling
Economics Baseball Game: Price Ceiling, Price Floor, Per-Unit Tax
Cell Phone -- Graphing Supply and Demand Interactive:
http://reffonomics.com/c3.html Supply and Demand (oldest)
http://reffonomics.com/cc3.html Supply and Demand (newer)
http://reffonomics.com/ccc3.html PPF, Part I (NEWEST 2019)
http://reffonomics.com/c4.html Per-Unit Tax (oldest)
http://reffonomics.com/cc4.html Per-Unit Tax (newer)
http://reffonomics.com/ccc4.html Per-Unit Tax (NEWEST 2019)
http://reffonomics.com/c3.html Supply and Demand (oldest)
http://reffonomics.com/cc3.html Supply and Demand (newer)
http://reffonomics.com/ccc3.html PPF, Part I (NEWEST 2019)
http://reffonomics.com/c4.html Per-Unit Tax (oldest)
http://reffonomics.com/cc4.html Per-Unit Tax (newer)
http://reffonomics.com/ccc4.html Per-Unit Tax (NEWEST 2019)
Reffonomics eTextbook:
Per-Unit Tax: http://reffonomics.com/ElasticityPerUnitTax.html
Deadweight Loss: http://reffonomics.com/DeadweightLoss.html
Price Ceiling and Price Floor Chapter: http://reffonomics.com/PriceCeilingPriceFloor.html
Per-Unit Tax: http://reffonomics.com/ElasticityPerUnitTax.html
Deadweight Loss: http://reffonomics.com/DeadweightLoss.html
Price Ceiling and Price Floor Chapter: http://reffonomics.com/PriceCeilingPriceFloor.html
| Market Inefficiency and Public Policy |
2.9 International Trade and Public Policy
Class Starter 3-by-3 eVideos (3 min. and 3 multiple choice questions)
World Trade Graph (3:29 minutes)
World Trade Graph + Tariff (3:00 minutes)
World Trade Graph (3:29 minutes)
World Trade Graph + Tariff (3:00 minutes)
Interactive Lessons, Movable Graphs, or Drawable Graphs:
Interactive World Trade Graphs
World Trade + Tariff Interactive Graph Questions
Interactive World Trade Graphs
World Trade + Tariff Interactive Graph Questions
| Graphing and Visuals |
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Quick Notes by Steven Reff (There is NO sound; just notes written quickly. See if you can keep up.)
World Trade and Tariff
World Trade and Tariff
All the Graphs You "Need" to Know: World Trade Graph
Economics Baseball Game: World Trade
Cell Phone -- Graphing Supply and Demand Interactive:
http://reffonomics.com/c18.html World Trade and Tariff (oldest)
http://reffonomics.com/cc18.html World Trade and Tariff (newer)
http://reffonomics.com/ccc18.html World Trade and Tariff (NEWEST 2019)
http://reffonomics.com/c18.html World Trade and Tariff (oldest)
http://reffonomics.com/cc18.html World Trade and Tariff (newer)
http://reffonomics.com/ccc18.html World Trade and Tariff (NEWEST 2019)
Reffonomics eTextbook:
World Trade and Tariff Chapter: http://reffonomics.com/WorldTradeTariffGraph.html
World Trade and Tariff Chapter: http://reffonomics.com/WorldTradeTariffGraph.html
| Check Your Knowledge (Unit 1: Basic Concepts) NOTE: This is a paid membership website www.grokkingecon.com |
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(#3 World Trade and Tariff Graph)
All the Graphs You "Need" to Know: Per-Unit Tax
Activity 1 Price floor
Grokkingecon Activities:
Grokkingecon Multiple Choice:
Activity 7 P ceiling and P floor interactive, part I
13 questions on P ceiling and P floor
Activity 9 P ceiling and P floor interactive, part III
Activity 2 Price ceiling
Activity 3 Per-unit tax
Activity 5 Per-unit tax
Activity 6 Per-unit tax
Activity 4 Per-unit tax and price floor
Activity 8 P ceiling and P floor interactive, part II
Activity 11 Per-unit tax and elasticity interactive, part II
Activity 10 Per-unit tax and elasticity interactive, part I
| Check Your Knowledge (using College Board® FRQs) |
(#2 Utility and Elasticity)
(#2 Utility and Consumer Surplus)
(#2 Utility and Elasticity)
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(#3 Producer/Consumer Surplus, Elasticity, DWL)
(#3 Per-Unit Tax, Elasticity of Supply and Demand)
(#2 Elasticity, Per-Unit Tax, Allocative Efficiency)
| Check Your Knowledge (using College Board® FRQs) |
| Check Your Knowledge (Unit 1: Basic Concepts) NOTE: This is a paid membership website www.grokkingecon.com |
(PF, Elasticity, Complementary Goods)
Quick Notes by Steven Reff (There is NO sound; just notes written quickly. See if you can keep up.)
Per-Unit Tax
Per-Unit Tax
(#2 Utility and Elasticity)
(#2 Utility and Consumer Surplus)
(#2 Utility and Elasticity)
| Check Your Knowledge (using College Board® FRQs) |
Reffonomics college-level eTextbook: http://reffonomics.com/1.html
Reffonomics high school eTextbook: http://reffonomics.com/hs.html
Reffonomics eVideos for Microeconomics (3 minutes + 3 multiple choice questions): http://reffonomics.com/VideosReffonomicsMicroeconomics
Reffonomics eVideos for Macroeconomics (3 minutes + 3 multiple choice questions): http://reffonomics.com/VideosReffonomicsMacroeconomics
Reffonomics Financial Literacy Activities eWorkbook: http://reffonomics.com/FinancialLiteracy.html
Reffonomics for Teachers and Students eWorkbook: http://reffonomics.com/teachers.html
Reffonomics All the Graphs You "Need" to Know eWorkbook: http://reffonomics.com/graphing.html
Reffonomics Cell Phone Graphing eCellbook: http://reffonomics.com/cellgraphing.html
FRQs for Microeconomics eWorkbook: http://reffonomics.com/FRQMicroReview.html
FRQs for Macroeconomics eWorkbook: http://reffonomics.com/FRQMacroReview.html
Reffonomics high school eTextbook: http://reffonomics.com/hs.html
Reffonomics eVideos for Microeconomics (3 minutes + 3 multiple choice questions): http://reffonomics.com/VideosReffonomicsMicroeconomics
Reffonomics eVideos for Macroeconomics (3 minutes + 3 multiple choice questions): http://reffonomics.com/VideosReffonomicsMacroeconomics
Reffonomics Financial Literacy Activities eWorkbook: http://reffonomics.com/FinancialLiteracy.html
Reffonomics for Teachers and Students eWorkbook: http://reffonomics.com/teachers.html
Reffonomics All the Graphs You "Need" to Know eWorkbook: http://reffonomics.com/graphing.html
Reffonomics Cell Phone Graphing eCellbook: http://reffonomics.com/cellgraphing.html
FRQs for Microeconomics eWorkbook: http://reffonomics.com/FRQMicroReview.html
FRQs for Macroeconomics eWorkbook: http://reffonomics.com/FRQMacroReview.html
| "Free" Quick-Reference Resources by Reffonomics.com: |