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Unravelling the Invisible Hand
1. Learning outcome
By the end of the project, students will be able to:
Apply demand and supply concepts to explain how changes in various factors affect the market of their choice while aligning to the theme of “The Environment”.
2. Topics covered
Factors affecting demand
Factors affecting supply
Market adjustment process
Impact on market (price and output)
Price Elasticity Concepts
Impact on Consumer Expenditure
IMPORTANT: Information on Group Assignment
In groups of 4-5, you are required to research on a specific market that is aligned to the theme of “The Environment” and discuss how the changes in demand and supply can affect the market of your choice.
Refer to the following for Group Proposal Template and other important information!
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