How Markets Work - Demand Theory
This revision presentation looks at the basic theory of market demand
This section on market prices looks at the basic theory of demand. Once you have covered this, be clear about what causes a movement along the demand curve and to explain what brings about shifts in the market demand curve for example due to changes in the price of substitutes or complementary goods; changes in real income and tastes and preferences. We will cover price elasticity of demand in a later section.
Join us for a highly practical, resource and strategy-packed day exploring what really makes a difference in the classroom. This course is led by Tom Fay, Ofsted Inspector and Vice Principal (Teaching, Learning and Assessment) Rochdale Sixth Form College and is supported by Ruth Tarrant from Bedales School and Michelle Stephenson from tutor2u.Download some sample session material from this resource and idea-packed course here.