Grade 4

Social Studies

Unit 10:  Producers and  Consumers

Activity 5: Supply, Demand, and Price (GLE: 46)

CC:  Provide students with $100.00 in play money.

Web Site:

Money Instructor

http://www.moneyinstructor.com/

At this site you must register with your email address to receive a free limited membership for access to the free resources.  The link to play money is located under  "Counting Money" on the Home page.

CC:  Debrief the class by asking them why the prices of some items were higher than others. Have them explain why prices fall or increase and what happens when prices go up or down. Ask them to explain what happens to prices when supply and demand changes.

Unitedstreaming videos

http://unitedstreaming.com

The Marketplace: Supply and Demand (06:44)

Consumers' Influence on Supply and Demand (02:37)

Determining What to Produce: Supply and Demand (01:39)

The Free Market Economy: Supply and Demand (03:37)