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A Lesson on the Supply and Demand of Toy Fads
Source: Council for Economic Education (EconEdLink) | Type: Lesson

The concepts of supply and demand and related terms are taught through stories about the toy fads of Hula Hoops and Silly Bandz. In 1958, Wham-O, Inc. began marketing the Hula Hoop in the United States and sales of the Hula Hoops sky-rocketed as over 25 million were sold in the first few months, within the year over 100 million. Similarly today, Silly Bandz has taken off in sales since the summer of 2008.

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Reviews

Review from EconEdLink.org June 6, 2011
By: Hala A.
This lesson was presented great and it helped me a lot thanks.
 

Review from EconEdLink.org July 31, 2011
By: Marc R.
The law of supply and demand is one of those key economic terms that pose challenges to teach in today’s diversified classrooms. This lesson seems like a well thought out engaging lesson. It is hands on and very brain based. The interactive tutorial is informative and allowing students to manipulate supply and demand. Students will be attentive and relate to silly bandz and make the connection to hula hoops in the late 1950’s and 1960’s. The articles will connect the lesson to something students can relate to in an interesting manner.
 

Review from EconEdLink.org February 2, 2012
By: C R.
The ABC News video doesn't seem to work. [EconEdLink: the ABC News video link is working. If it continues to not work, try a different internet browser and that should clear the problem.]