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Day 2 Title: Supply and Demand Grade direct: Fifth and Sixth Grade Organization: Whole Group Objectives: Students result be able to: 1.Define the terms supply and necessitate. 2.Identify what happens when demand exceeds supply. 3.Identify what happens when supply exceeds demand. 4.Explain how economic stability or affluence affects supply and demand. Standards: Production, Distribution and Consumption Materials: Poker chips Prizes for each pincer in the class (i.e. candy, homework pass etc..) Motivation: permit down solar day two with a reminder about the lesson from day unmatchable. For example, how money doesnt stretch as far as we like. To induce this lesson submit the students if they provoke ever seen, heard of or been to an auction. Depending on their response you may have to explain what an auction is, and what takes focalize at one. If you have a student who knows what an auction is, ask them to explain to everyone else what takes place at an auction. Then explain to the students that they be going to have an auction in the classroom. Developmental Activities: 1.Students will be asked to pull select any number of fire hook chips out a bag from 1 to a handful. 2. attitude a value on the tokens.

(Make certain this is done afterwards students have already selected their tokens.) Blue= $10 Red=$5 White=$1 or you can select any amount you wish. 3.Pull out an object, students would desire to win and let the students know that they will only receive an A on this lesson if they own this selected item of which you happen to have EXACTLY one of. You will announce the offer to be open at $10 and they may use their chips to purchase the item. 4.Continue auction until a student has paid a high scathe for this item and received it. Then pull out a large supply of the very same item adept sold while announcing that you do just happen to have a few more of these items and youre willing to open the bidding at $1. WAIT & WATCH REACTION! Closure: Write... If you compliments to get a full essay, order it on our website: Ordercustompaper.com

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