Activity 01
Role-Play: Producer Decisions
Assign students roles as farm managers facing scenarios like rising fuel costs or new machinery. Groups decide supply quantities, plot points on supply curves, and present shifts. Debrief as a class on patterns.
Analyze how production costs influence a firm's supply decisions.
Facilitation TipDuring the role-play, assign specific cost and price scenarios to each producer group to ensure consistent data for analysis later.
What to look forPresent students with a scenario: 'The cost of wool, a key input for jumper production, has increased by 20%. Draw a supply curve for jumpers and show how this change affects the quantity supplied at the original price.' Collect drawings to gauge understanding of input cost impact.