ALEX Classroom Resource

  

Scarcity Cat (Supply and Demand): $martPath

  Classroom Resource Information  

Title:

 Scarcity Cat (Supply and Demand): $martPath

URL:

 https://aptv.pbslearningmedia.org/resource/scarcity-cat-supply-demand-martpath/scarcity-cat-supply-and-demand-video-smartpath-thinktv/

Content Source:

 PBS
Type: Audio/Video

Overview:

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.

Content Standard(s):
Social Studies
SS2010 (2010)
Grade: 2
Living and Working Together in State and Nation
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
Unpacked Content
Strand: Economics
Course Title: Living and Working Together in State and Nation
Evidence Of Student Attainment:
Students:
  • Explain the production and distribution cycle and relate these to consumer choices and decisions.
  • Diagram the production and distribution cycle for a variety of goods.
  • Identify examples of imported and exported goods.
Teacher Vocabulary:
  • production
  • distribution
  • import
  • export
  • consumer choices
  • impact
  • supply
  • demand
Knowledge:
Students know:
  • The production and distribution cycle.
  • The difference between imported and exported goods consumer choices and decisions.
  • The concepts of supply and demand.
  • Vocabulary: production, producer, resource, consumer, economy
Skills:
Students are able to:
  • Describe the production and distribution cycle and relate it to consumer choices and decisions.
  • Trace the production and distribution cycle for a variety of goods.
  • Differentiate between imported and exported goods and provide examples of each.
Understanding:
Students understand that:
  • The production and distribution cycle and the impact of consumer choices on this cycle.
Alabama Alternate Achievement Standards
AAS Standard:
SS.AAS.2.7- Identify supply and demand.
Social Studies
SS2010 (2010)
Grade: 2
Living and Working Together in State and Nation
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

Unpacked Content
Strand: Economics
Course Title: Living and Working Together in State and Nation
Evidence Of Student Attainment:
Students:
  • Describe the effects of scarcity on supply and demand of natural resources and human-made products.
Teacher Vocabulary:
  • scarcity
  • affects
  • supply
  • demand
  • natural resources
  • human-made products
Knowledge:
Students know:
  • Definition and examples of scarcity.
  • Definition and examples of surplus.
  • The concepts of supply and demand.
  • The difference between natural resources and human-made products.
  • Vocabulary: scarcity, supply, demand, natural resources, human-made products, shortage, surplus, cost, price, perishable, expiration
Skills:
Students are able to:
  • Describe the effects scarcity has on supply and demand, including the effects of surplus.
  • Explain the effects of a scarcity of natural resources, including a perception of surplus.
  • Explain the effect of scarcity on human-made products, including the effects of surplus.
  • Describe how the expiration of perishable goods can affect price.
Understanding:
Students understand that:
  • Scarcity affects supply and demand.
Alabama Alternate Achievement Standards
AAS Standard:
SS.AAS.2.8- Demonstrate an understanding of the relationship between supply, demand, and scarcity.
Tags: producers and consumers, scarcity, supply and demand, wants and needs
License Type: Custom Permission Type
See Terms: https://aptv.pbslearningmedia.org/help/terms-of-use/#permitted
For full descriptions of license types and a guide to usage, visit :
https://creativecommons.org/licenses
AccessibilityVideo resources: includes closed captioning or subtitles
Comments

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  This resource provided by:  
Author: Ginger Boyd
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