Producers and Consumers
Essential Questions
Standards of Learning
Social Studies
Objectives
Materials
Procedures
Introduction - (10 minutes)
Formative Assessment
Differentiation
Technology Integration
- What is a producer?
- What is a consumer?
- Why do people have to make economic choices?
Standards of Learning
Social Studies
- 2.9 The students will explain that scarcity (limited resources) requires people to make choices about producing and consuming goods and services
- Theater Standard 2
Objectives
- Students will be able to compare producers and consumers
- Students will be able to implement their prior knowledge of economics vocabulary
- Students will be able to give examples of producers and consumers
Materials
- Interactive Activities 1 and 2
- Smartboard
- Social Studies notebook
- Overhead projector
- Social Studies textbook
Procedures
Introduction - (10 minutes)
- Show Interactive Activity 1 on smartboard. Discuss "People who use goods and services are called consumers. You are a consumer. The people in your family are also consumers. What are the consumers in the picture doing? [Eating pizza] What goods and services do you use?"
- Show Interactive Activity 2 on smartboard. Discuss "People who make goods and provide services are called producers. You are a producer. The people in your family are also producers.What good or service are the producers in this picture providing for their family?"
- Write definition of producers and consumers in notebook and draw a picture to represent one producer and one consumer. Title this page Producers and Consumers.
- Students choose either a producer or a consumer to act out in front of the class. They will say: "I am a consumer of a good. What am I consuming?" or " I am a producer of a good or service. What am I producing?" After a students acts it out, the rest of the class tries to guess.
- Read page 100 and 101 of textbook. Ask: "How are the kids running the lemonade stand consumers? [they had to buy lemons, sugar, cups]. How are they producers? [they took raw goods and produced something new, lemonade]."
- Tell students that similar to the children with the lemonade stand, they will also be creating a business. They should go to the next page in their notebook and brainstorm some ideas.
Formative Assessment
- Observations about responses to interactive activities 1 and 2.
- Anecdotal notes about students' usage of unit vocabulary and role play activity.
Differentiation
- Scaffolding group discussions.
- Opportunity to draw or write.
Technology Integration
- Smartboard