How Does a Market Work?

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We’ve been learning all about markets these past few weeks.  Students have simulated market experiences to understand how supply and demand affect the prices of goods.  They have also come up with their own scenarios to act out how people would feel or what they would be thinking when prices are high or low.

Along the way, students have been keeping notes on all of the new information and vocabulary using google slides. These can be accessed from home for review at any time.

The next part of our unit focuses on Global Trade.  Students will participate in an activity where they can trade different resources with each other.  This will help them understand the value of natural resources.  Then we will explore scarcity by reading the one of Aesop’s fables, The Crow and the Pitcher.

Eventually we will tie the whole unit in with Kazakhstan.  We will discuss the oil and gas industry, where and how it is transported, and look at several infographics to help us understand more.  I have a presentation from a former parent that I will use to help explain some of these big ideas.  I’m always open to guest speakers.  

If you have expertise in this area and would like to chat or share, please contact me!