Brittany Wade

Professor Howard

EDT 417E

13 October 2019

Integrated Curriculum Challenge #3

Lemons and Lemonade A Book About Supply and Demand

Nancy Loewen (2008). Capstone Press

Karly is a little girl who decides to sell lemonade after being hot and thirsty one day.

While she is selling the lemonade her Mom helps her understand the business aspect of

sales. She teaches Karly words like gross, profit, net, and supply and demand. Karly

learns that demand is higher for the lemonade when the weather is warmer.

Grade: 3rd
Theme: Lemonade business

Topic: Supply and Demand

Content Statement:

17. A consumer is a person

whose wants are satisfied by
using goods and services. A
producer makes goods and/or
provides services.

19. Making decisions

involves weighing costs and

benefits.

(Economics)

Activity

Objectives:

Students will be able to explain how a business succeeds using the terms supply and

demand.

Materials Needed:

-The book Lemons and Lemonade A Book About Supply and Demand by Nancy

Loewen

- Monopoly

-Whiteboard/Projector
-Dry Erase Marker

Allotted Time:

● 90 Minutes

Procedure:

The teacher will read the title and show the cover. The teacher will ask students have

they ever heard of the terms “supply and demand”. If so what do they mean? If not what

do students think these terms mean? The teacher will then read the book and write

down terms that the Karly’s mother defines throughout the book during the reading.

Some words will include gross, monopoly, capital ect.

After reading the book, the teacher will go over the new vocabulary words and the

students will recollect the meaning of these terms and talk about if they are familiar with

these terms. What are some examples of how we’ve seen these terms used? For

example students might answer, “At a pier in Florida the demand for swimming suits will

be high and the supply will be high since many shops will likely sell swimming suits”.

This will show that students understand certain terms and can define them with an

example. The teacher can also assist the students if they cannot think of any examples.

The teacher will then ask the students of a “good” that they can sell as a class while at

school. As a class the students will determine what they would like to sell. For example

students might say sweets at a bake sale.

Students will then play the game of monopoly in small groups 4-6 people. Students will

then regroup as a class to discuss their experience playing monopoly with their peers.
Students will have then decided on their business they will go back to the vocabulary

terms and identify what parts of their bake sale correspond with their words.They will

also relate their bake sale (business idea) to the game of monopoly. For example, the

students might say ,”since the cafeteria also sells sweets we are not a monopoly and

we should have competitive prices like Karly did in the book”

Students will create a blueprint for the bake sale as a class. Students will determine the

supply based on the estimated demand. For example if all 3rd graders have their lunch

at the same time and there are 18-21 in three third grade classes how many baked

goods should we provide? Also in the book Karly eventually sold fruit snacks to be more

competitive. Should we provide cookies, brownies, and more?

Assessment:

Teacher will walk round to see if students are understanding the game of monopoly.

The teacher will also make sure every student is contributing during the class

discussion possibly by using popsicle sticks with the students individual name. The

teacher will make sure that the students are understanding the terms correctly using

them in the correct way.

Suggested Extension Activity:

Students can start their own bake sale/business during lunch. If the students cannot

provide baked goods or the school does not allow homemade food the teacher can

bring in baked goods or store bought food. If the school does not allow sweets fruit can

be used instead.

Other Ohio Standards:

18. A market is
where buyers and
sellers exchange
goods and services.