“Economics: Supply and Demand” is a Social Studies lesson that focuses on understanding the law of supply and demand and its effect on prices in a market economy. The original informational text provides an overview of the definitions of supply and demand
ProblemThe economy is down in all the regions across the United States. Stores are struggling to get customers in their doors due to their outdated products. Product improvements are needed to keep things fresh, and entice buyers to shop!ScenarioYou have been hired to do some market research in a United States region of your choice.
Economics Social studies projects make learning so much more fun! This economics lesson is great for Third Graders to show off their business skills! Check out these great business ideas that these kiddos came up with!
30-question assessment evaluates knowledge of basic economics concepts as well as ability to apply them to hypothetical situations. Concepts covered are choices; price; scarcity; allocation; command economy; first-come-first-served; rationing; lottery; market economy; natural, capital, & human resources; specialization; interdependency; trade; opportunity cost; competition; monopoly; production; division of labor; starting a business; law of supply; law of demand; and creating line graphs.
Government and Economics BINGO
My students absolutely love playing BINGO as a vocabulary review. This activity has 30 different BINGO boards in order for students to review government and economics. Some of the vocabulary words include: Federal, Democracy, Autocracy, Market Economy, Traditional Economy, Income, Human Capital, GDP, Standard of Living, and many more.
Task Understand How to Shape Behavior - I like this token economy idea for encouraging and rewarding positive student behavior. I like that it uses tangible objects, as well as students can learn how to use money.
Quick and Easy Great Depression Simulation. Free step-by-step instructions online -- all you need is 10 minutes of class time and some index cards or Post-it notes! Great way to get students engaged and thinking about the real-life impact of the Crash of
An inside view of the graphic organizer my students used in our recent Economics: Supply and Demand lesson.
Classroom Economy: An Economics Simulation
Overview: Are you looking for a way to make economics enjoyable or maybe just want to improve classroom management? Classonomics is an interactive classroom economy that will boost student engagement and help reinforce the major concepts of a market economy.
Women shouldering ‘cost and burden’
Women shouldering ‘cost and burden’ | Prominent social commentator and author Zhang Lijia analyses the impact for Chinese women of the nation becoming a market economy (Credit: STR/AFP/Getty Images)