The concept of supply and demand is often called the heart and soul of economics. It is the foundation for much of what is studied in the field. Understanding how supply and demand affect the economy helps us recognize economics everywhere in our daily lives.
Candy Bar Supply and Demand Activity Purpose Through this hands on activity students will learn the importance of preparing and giving a sales pitch, as well as, how supply and demand impacts the economy and the products produced. This activity can be used as an attention grabber at the beginning of the year, lesson, or even a the end of the lesson as a review.
“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, as well as several real-world examples of how this principle plays out in the economy.
Goods and Services Street As an assessment for Goods and Services mini unit, students draw a street where one side was businesses that sold Goods and the other side provided Services. Other good economics ideas on this page too.
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!
This economics unit includes 33 goods vs. service cards for sorting and high engagement games 9 vocabulary cards technology resources 6 student response sheets covering the concepts of goods/services, opportunity cost, and consumers/producers. 11 page early reader "What is... Economics?" for students introducing economic vocabulary and concepts covered in the unit. $