Learning Outcomes Topic 4 1. Movements and shifts: Differentiate between a movement along and a shift of the demand and supply curves 2. Changes to market equilibrium: Identify market equilibrium and evaluate when a non-price determinant will change this equilibrium by shifting demand or supply 3. Demand Applications: Appraise how a non-price determinant would affect the demand curve by applying economic theory to real- world examples to evaluate and communicate (graphically and in words) the consequences for price and quantity 4. Supply Applications : Appraise how a non-price determinant would affect the supply curve by applying economic theory to real- world examples to evaluate and communicate (graphically and in words) the consequences for price and quantity 5. Concurrent shifts: Interpret scenarios where multiple real-life factors shift the demand and supply at the same time and assess the affect on the equilibrium price and quantity KAPLAN ALLSTRMIA Topic 4 Jigsaw Activity Instructions: 1. Form 4-5 groups and one learning outcome will be assigned to your group (20 minutes) Students are given ten minutes to review information relevant to their learning outcome Groups then discuss following questions in relation to their learning outcome and make notes: What information do we need to know to satisfy this learning outcome? What skills do I need to satisfy this learning outcome? What notes can we make of the most important facts and examples? Can we do and understand the workshop questions relevant to this learning Outcome? 2. Groups are re-shuffled so that each group has a specialist in each learning outcome 3. Groups are asked to then answer a question which concerns all learning outcomes and one group is asked to present their answer each week (20 minutes)