Grades 9-12
Transitioning to Driverless Cars
Objective
Students will be able to:
- Predict changes in the demand and supply of goods and servicies in a transition to driverless vehicles.
Standard
Standard: 3
- Students will understand that: Different methods can be used to allocate goods and services. People acting individually or collectively must choose which methods to use to allocate different kinds of goods and services.
- Students will be able to use this knowledge to: Evaluate different methods of allocating goods and services, by comparing the benefits to the costs of each method.
Standard: 7
- Students will understand that: Markets exist when buyers and sellers interact. This interaction determines market prices and thereby allocates scarce goods and services.
- Students will be able to use this knowledge to: Identify markets in which they have participated as a buyer and seller and describe how the interaction of all buyers and sellers influences prices. Also, predict how prices change when there is either a shortage or surplus of the product available.
In this economics activity, students identify changes in markets affected by a driveless society.
Resources
Procedure
This is an individual activity where students will identify and explain the effect that a driverless society would have on the supply and demand of various goods and services by completing one of the following: Quizizz, Worksheet or the ReadyAssessments Activity. As the potential of driverless vehicles becomes closer to reality, the markets for goods and services will be impacted. That means a change in the supply and demand of various products will also be changing. You can facilitate student work by checking the answer key in real time. To complete this activity, students need to follow the directions below:
- Complete the activity in one of the following formats: the Markets Affected by Transitioning to a Driverless Society Quizizz, Transitioning to a Driverless Society Worksheet or the ReadyAssessments Activity.
- Determine if the demand and supply of the products listed will increase or decrease.
- Then, identify two additional goods or services that would be impacted, noting the potential change in demand and supply.
Related Resources
Grades 9-12
Calculating Price Elasticity
Grades 6-8, 9-12
A Review of Supply and Demand
Grades 9-12