Equilibrium: Demand and Supply shifts

Childrens eBook Instructions

Instructions:
Your job is to create a childrens eBook that teaches about the reasons for changes in supply and demand.
The bulk of your book should revolve around your examples/explanations for the reasons for shifts in demand
and supply. Your examples should include a decorative cover, and you may open source and attribution free
images, if you like or you can draw you own pictures!

Makesureyoufollowthisformat:
Page Information to include What happened to
# equilibrium Price
and Quantity?

Demand

1 Illustrate an Increase demand (draw a graph and SHOW a shifting curve! Label D1 and D2) P /
Illustrate a decrease in demand (draw a graph and SHOW a shifting curve! Label D1 and D2) Q /

2 Taste & Preferences of Consumers: P /

Explain (in your own words!) and give an example of this demand shifter Q /

4 Related Goods- Substitutes P /

Explain (in your own words!) and give an example of this demand shifter Q /

5 Related Goods- Compliments P /

Explain (in your own words!) and give an example of this demand shifter Q /

7 Size of Populations/ Market (# of people) P /

Explain (in your own words!) and give an example of this demand shifter Q /

Supply

8 Illustrate an Increase supply (draw a graph and SHOW a shifting curve! Label S1 and S2) P /
Illustrate a decrease in supply (draw a graph and SHOW a shifting curve! Label S1 and S2) Q /

9 Technology P /
Explain (in your own words!) and give an example of this supply shifter Q /

10 International Events (natural disasters/war) P /

Explain (in your own words!) and give an example of this supply shifter Q /

13 Resources (cost of inputs) P /

Explain (in your own words!) and give an example of this supply shifter Q /

14 Expectations P /
Explain (in your own words!) and give an example of this supply shifter Q /

ToolforCreation:
To create you eBook we will be working in the iMac lab. We will use the tool iBook Author. This is a free, but
professional tool for creating eBooks. An example of what you can create can be viewed here: Lemonade
Stand Economics - PDF or here: Lemonade Stand Economics - iBook file. When you create a book in iBooks
Author you will find that it works much the same way as Google Slides does. Should you need some guidance
here are two sources: iBooks Author Manual PDF and YouTube Tutorial for iBooks Author.

Evaluation:
Your Book will be shared amongst your group round-robin style. Your score will be an average of your own
self-evaluation, several peer evaluations, and the teachers evaluation. A sample-scoring rubric is below.

SampleRubricforChildrensBook
3 Points 2 Points 1 Points 0 Points

Demand Illustration of D Graph labeled correctly. P Graph and Price and More than two mistakes on Missing
/ and Q illustrated quickly. quantity are mostly correct. graph and price and quantity

Taste- Definition, Example, Clear, complete and Correct Present but lacking in depth Unclear, incomplete, and/ or Missing
New Equilibrium P and Q and breadth incorrect

Substitutes- Definition, Clear, complete and Correct Present but lacking in depth Unclear, incomplete, and/ or Missing
Example, New Equilibrium and breadth incorrect
P and Q

Compliments- Definition, Clear, complete and Correct Present but lacking in depth Unclear, incomplete, and/ or Missing
Example, New Equilibrium and breadth incorrect
P and Q

Size- Definition, Example, Clear, complete and Correct Present but lacking in depth Unclear, incomplete, and/ or Missing
New Equilibrium P and Q and breadth incorrect

Supply Illustration of D Graph labeled correctly. P Graph and Price and More than two mistakes on Missing
/ and Q illustrated quickly. quantity are mostly correct. graph and price and quantity

Technology Definition, Clear, complete and Correct Present but lacking in depth Unclear, incomplete, and/ or Missing
Example, New Equilibrium and breadth incorrect
P and Q

International Events Clear, complete and Correct Present but lacking in depth Unclear, incomplete, and/ or Missing
Definition, Example, New and breadth incorrect
Equilibrium P and Q

Cost of Inputs Definition, Clear, complete and Correct Present but lacking in depth Unclear, incomplete, and/ or Missing
Example, New Equilibrium and breadth incorrect
P and Q

Expectations Definition, Clear, complete and Correct Present but lacking in depth Unclear, incomplete, and/ or Missing
Example, New Equilibrium and breadth incorrect
P and Q

Pictures/Creativity
Depicting the material
clearly
Creative, Clear, Neat, and Somewhat creative, pics Some pictures but not really Not many pictures
Appropriate for the topic. present, but not always appropriate or clear. used. Thrown
clear or correct for the topic together quickly
without much
creativity
StandardsAddressed(MNSocialStudiesandELA)
Economics:
5. Individuals, businesses and governments interact and exchange goods, services and resources in
different ways and for different reasons; interactions between buyers and sellers in a market
determines the price and quantity exchanged of a good, service or resource.
9.2.4.5.6 Explain how changes (shifts) in the demand and supply of an item result in changes in
its market price and quantity; explain how these shifts can lead to changes in prices and
quantities in other markets.

ELA:

College Readiness Writing Standard

6. Use technology, including the Internet, to produce and publish writing and to interact and
collaborate with others.
11.7.2.2 Write informative/explanatory texts to examine and convey complex ideas, concepts, and
information clearly and accurately through the effective selection, organization, and analysis of content.
a. Introduce a topic; organize complex ideas, concepts, and information so that each new
element builds on that which precedes it to create a unified whole; include formatting (e.g.,
headings), graphics (e.g., figures, tables), and multimedia when useful to aiding comprehension.
d. Use precise language, domain-specific vocabulary, and techniques such as metaphor, simile,
and analogy to manage the complexity of the topic.