Money Math Mondays: Supply and Demand

BTMIt’s our second “Money Math Monday” and this week’s Bedtime Math problems show that demand is high for some crazy products—anyone need eyelashes for their car? Click here to see how Bedtime Math gets your kids thinking about supply and demand.



Check out these supply and demand lessons on EconEdLink.org:





Grades K-2, 3-5
To Market To Market
This lesson will help students become good consumers and producers by taking turns buying and selling things in a classroom-created market. Students will establish prices for items and observe what happens during the sale of those items.

Grades 3-5, 6-8
Not Your Grandma’s Lemonade Stand
After a review of elementary economic concepts, students will apply their understanding of supply and demand by playing an online computer game, Lemonade Stand.

Grades 6-8
Supply and Demand, Lessons from Toy Fads
The concepts of supply and demand are taught through stories about toy fads of the past, including Hula Hoops and Silly Bandz.

Grades 9-12 (Math)
Using Systems of Equations with Supply and Demand Application
Supply and demand is the meat and potatoes of all economic analysis. In this lesson, students will have the opportunity to put their Algebra 1 math skills to work in a real-world situation by mathematically determining the equilibrium price and quantity using a system of equations.

Grades 9-12 (Economics)
Would You Demand It?
How many students would demand a cell phone that costs $3,995? That was the price of the first cell phone available to the public back in 1983. Now that prices are so low, almost everyone has a cell/smart phone. In this lesson, students will learn about demand and its determinants by examining Internet subscriptions, food and the car industry.

POSTED: April 13, 2015 | BY: Annamarie Cerreta

Nancy Harrison Appointed President for Econ Illinois

Nancy Harrison Econ IllinoisNancy Hanlon Harrison has recently been appointed the new Executive Director/President of Econ Illinois. Econ Illinois, formerly the Illinois Council for Economic Education, was founded in 1951 and has been helping integrate economic materials into curricula ever since. Nancy has served as the senior Vice President and Assistant Director of Econ Illinois since 2001 and has been actively involved in economic and entrepreneurship education throughout her career.

We are all excited to see Nancy Harrison help bring economic education to Illinois’ schools!

POSTED: October 29, 2014 | BY: Daniel Thompson | TAGS: , , , , , , ,

Teach Your Child Sound Economic Principles

Economic PrinciplesSelena Swartzfager, leader of the Mississippi Council for Economic Education, writes an insightful article about second chances and the importance of raising your children to know sound economic principles. Swartzfager believes that no one is ever too young to become financially literate. It doesn’t matter if you’re only twelve, you can still learn about opportunity costs, the importance of savings and W-9s.

POSTED: October 21, 2014 | BY: Daniel Thompson | TAGS: , , , , , , ,

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