Factors that Shift Supply Curve PDF

Summary

This document covers factors that cause shifts in the supply curve, including costs of production, technology, taxes and subsidies. Examples such as Nigerian farming and the UK manufacturing sector are explored. It also touches on case studies regarding housing supply in Kenya.

Full Transcript

Factors that may shift the Supply Curve Smart Starter Lesson Objectives Students should be able to.. understand the factors that may cause a shift in the supply curve: costs of production, changes in technology, indirect taxes, subsidies...

Factors that may shift the Supply Curve Smart Starter Lesson Objectives Students should be able to.. understand the factors that may cause a shift in the supply curve: costs of production, changes in technology, indirect taxes, subsidies and natural factors such as natural disasters and the weather. Keywords WHILE-U-WAIT 1.the direction of the supply supply curve 2.what a movement cost of production is and how it is caused by a change in changes in price technology 3.what a shift is. indirect tax subsidies Shift in the Supply Curve explained. https://www.youtube.com/watch?v=5iyCwbvJc_U Case Study: Nigerian Farming pg.34 Factors that cause the shift to the supply curve Key facts about Productivity from page 35 What percentage of industry leaders said they had found it difficult to recruit skilled workers? What impact do you think a lack of skilled workers will have on the UK manufacturing industry? Explain what UK businesses or the UK government could do to help increase the number of skilled workers in the UK manufacturing industry. Exam Practice Exam Practice Exam Practice Research task – activity 1 hour Worksheet 6 Use the internet to fill in the table. put the definitions in your own words Case Study: Supply and Subsidies pg.36 Chapter Review: Housing supply in Kenya pg.38

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