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Peer Review

Supply

Reviewed:
Apr 19, 2022 by Business
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Ratings

Overall Rating: 5.0 stars
Content Quality: 5.0 stars
Effectiveness: 5.0 stars
Ease of Use: 5.0 stars
Overview:

This video is 4 minutes long and will cover standard EPF.3 (a). Student will be able to identify the parts of a supply curve and what causes the shift in the curve. All of the videos that are part of the FED of St. Louis Economic Lowdown series have an accompanying teacher portal with handouts to accompany each video: To provide students with online questions following this video, register your class through the Econ Lowdown Teacher Portal at https://www.econlowdown.org/

Type of Material:

Reference Material

Recommended Uses:
  • Supporting materials for learning the basics about Economics and the concept of Supply.
  • Can play in class
  • Can assign as homework
Technical Requirements:

Used Chrome, Edge

Identify Major Learning Goals:
  • Identify the parts of a supply curve.
  • Recall what causes the shift in the supply curve.
  • Understand the law of supply,
  • Understand the slope of the supply curve
  • Understand the difference between a change in supply and a change in quantity supplied, and the determinants of each.
Target Student Population:
  • Middle School, High School, College General Ed, College Lower Division
  • Introductory economics or business classes
Prerequisite Knowledge or Skills:

none

Content Quality

Rating:
Strengths:
  • The content of the video is clear and accurate.
  • The description of the concepts is simple, and straightforward. The video graphics are very good and consistent with the textual material
  • The concepts and models are valid and easy to follow. 
  • The content is complete and appropriate.
Concerns:
  • Would recommend changing the example used in the materials from widgets to an actual good for easier understanding.

Potential Effectiveness as a Teaching Tool

Rating:
Strengths:
  • The learning goals are basic and easy to identify. 
  • The material increases the potential for student learning and conceptual understanding.
  • This short video on supply presents the concepts clearly and accurately enough so that instructors and students can later integrate supply with the demand side of the market.
Concerns:

I'd recommend the material present an acutal real product with real prices which might make it easier for learners to understand the concept.

Ease of Use for Both Students and Faculty

Rating:
Strengths:
  • The material is easy to use with the showing of a video.
  • Graphics animated in the video are simple and clear.
  • The speaker simply speaks into the camera.
Concerns:

None

Creative Commons:
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