Activity 01
Graphing Stations: AS Curve Shifts
Prepare stations with scenario cards on costs, technology, and policies. Small groups draw SRAS and LRAS on graph paper, plot initial equilibrium, then shift curves and note changes in output and prices. Groups share one insight per station with the class.
Explain the difference between short-run and long-run aggregate supply.
Facilitation TipDuring Graphing Stations, circulate with a red pen to mark incorrect curve shifts on the spot so students revise before moving to the next station.
What to look forPresent students with a scenario: 'Global oil prices have doubled.' Ask them to draw and label the impact on the SRAS and LRAS curves, explaining their reasoning in two sentences.