Indiana Wesleyan University

Elementary Education Lesson Plan Template

Social Studies--2018

LESSON RATIONALE
Students will explore one of the basic principles of the United States economy. They will see that resources can be valuable depending on
how much they are needed.

READINESS
I. Goals/Objectives/Standard(s)
A. Goal: The students will understand supply and demand and how it relates to them.
B. Objective: Students will identify and describe toconcepts of supply and demand and how they relate to their lives.
C. Standards: VII. Production, distribution, & Consumption
5.4.7 Predict the effect of changes in supply* and demand* on price.
• supply: what producers are willing and able to sell at various prices
• demand: what consumers are willing and able to buy at various prices

II. Management Plan
a. Materials:
• Anticipatory Set PowerPoint
• Supply and demand info sheet
• Candy pictures
• Assessment worksheet

b. Time: 25-45 minutes

c. Space
• Students will be in their seats for anticipatory set and lesson
• Groups for activity
• Back in their seats for closure and assessment

d. Behavior
I will use the classroom management system. The clip chart for students who misbehave or do well during the lesson. I
will also use the whole group system to manage the noise level in the classroom.

III. Adaptation to Individual Differences and Diverse Learners—Students will be given help through note sheets and scaffolding. They
will have help from three adults during the activity.

PLAN FOR INSTRUCTION (CAEP K-6 1.b)

IV. Anticipatory Set
• “We are going to play a game. I’m going to show you a picture of a game or toy and I want you to raise your hand if you would want
that toy. Here is the catch. I only want you to raise your hand two times! So make sure you really want something before you raise
your hand.” * shows them a picture of the newest IPhone* “raise your hand if you want this phone.” *take a tally on the board of
how many students want the IPhone. Do the same activity with the rest of the slide show. (about 6 slides).* “Do you see how some
items people want more than other items. That is called demand!”

V. Purpose: Today we are going to talk about supply and demand, and how it effects out everyday lives!

VI. Lesson Presentation (Input/Output)
• Supply is the amount of a good or service that is available.
• Demand is the amount of a good or service that people want.
• “We are going to do an activity that will show us the relationship between supply and demand. Supply is the amount of a good or
service that is available. Demand is the amount of a good or service that people want. If you are throwing a party and you invite 15
people then you will have a demand for 15 cupcakes. “If you go to bakery and they have 20 cupcakes then they have a supply of 20
cupcakes.” *show with magnet pictures of cupcakes* When this happens their supply meets your demand and they have some left
over, that is called a surplus. BUT, what if you needed 24 cupcakes. Then the bakery could not meet your demand, that is called a
shortage. Today we are going to play a game that will show you how supply and demand works!”
• Activity
• “We are going to play a trade game and only one group can win. I want you to quietly break up into groups and the look at me for
further directions. I would like the green group in the library, the red group near the sink, the blue group up here near the board,
the purple group at the table, and the orange group at the back table.” *allow time for students to move* In each group you have a
envelope that says supply and an envelope that says demand. The supply is what you have to trade and the demand is what you
need. Earlier I gave one person in each group a sticker, that person is your trader. They are the only ones aloud to leave their seats.
The trader will go around to other groups and see if they can trade for what their group needs. The people that stay behind will
keep a record and help the trader make decisions. I am going to warn you that there are some shortages and you may not get what
 Indiana Wesleyan University
Elementary Education Lesson Plan Template
Social Studies--2018
you demand. The first group to get what they demand will win. Does everyone understand?” *wait for students to ask questions
and clarify anything for them. * “You can start! You have five minutes!”


VII. Check for understanding. – During the lesson I will help students make the trade decisions and help them to make the connection
between supply and demand.



VIII. Review learning outcomes / Closure –
Okay now that we have a winner I want to go back to your seats and we will discus what we observed.” Aske these questions
and reflect on student response.
a. What candy bar was in high demand?
b. What candy bar was in low demand?
c. What candy bar saw high in supply?
d. What candy bar was low in supply?
e. What candy bars had a surplus?
f. What candy bars had a shortage?

PLAN FOR ASSESSMENT
I want you all to come and get this vocab sheet to fill out on your own. I want you to write the definition in your own words and then I
want you write which candy bar you think best fits that definition. When you are done bring me your worksheet and read a book until
we are ready to move on.
(CAEP K-6 3.a)

REFLECTION AND POST-LESSON ANALYSIS (CAEP K-6 3.b)
1. How many students achieved the lesson objective(s)? For those who did not, why not?
2. What were my strengths and weaknesses?
3. How should I alter this lesson?
4. How would I pace it differently?
5. Were all students actively participating? If not, why not?
6. What adjustments did I make to reach varied learning styles and ability levels?
Include additional self-answer questions that specifically address unique lesson content, methodology, and assessment.