ALEX Classroom Resources

   View Standards     Standard(s): [SS2010] LWT2 (2) 8 :

8 ) Describe how scarcity affects supply and demand of natural resources and human-made products.

Examples: cost of gasoline during oil shortages, price and expiration date of perishable foods

In this video from PBSLearningMedia, students have fun learning about money with Blackbeard the Pirate, who learns the hard way that resources are limited.

   View Standards     Standard(s): [SS2010] LWT1 (1) 10 :

10 ) Describe the role of money in everyday life.

•  Categorizing purchases families make as needs or wants

•  Explaining the concepts of saving and borrowing

•  Identifying differences between buyers and sellers

•  Classifying specialized jobs of workers with regard to the production of goods and services

•  Using vocabulary associated with the function of money, including barter, trade, spend, and save

[SS2010] LWT2 (2) 7 :

7 ) Explain production and distribution processes.

Example: tracing milk supply from dairy to consumer

•  Identifying examples of imported and exported goods

•  Describing the impact of consumer choices and decisions on supply and demand

[SS2010] LWT2 (2) 8 :

8 ) Describe how scarcity affects supply and demand of natural resources and human-made products.

Examples: cost of gasoline during oil shortages, price and expiration date of perishable foods

[SS2010] GHS (3) 5 :

5 ) Compare trading patterns between countries and regions.

•  Differentiating between producers and consumers

•  Differentiating between imports and exports

Examples: imports—coffee, crude oil

exports—corn, wheat, automobiles

In this video from PBSLearningMedia, students will learn what goods and services are through Funk music with Megan, Timmy, Tammy, and their trusty mutt!

   View Standards     Standard(s): [SS2010] LWT2 (2) 7 :

7 ) Explain production and distribution processes.

Example: tracing milk supply from dairy to consumer

•  Identifying examples of imported and exported goods

•  Describing the impact of consumer choices and decisions on supply and demand

[SS2010] LWT2 (2) 8 :

8 ) Describe how scarcity affects supply and demand of natural resources and human-made products.

Examples: cost of gasoline during oil shortages, price and expiration date of perishable foods

In this video from PBSLearningMedia, students see how Scarcity Cat learns to set the price for her stinky cheese. If she prices too low, demand will be too high. If she prices too high, demand will be too low.