Scarcity Cat (Supply and Demand): $martPath

Learning Resource Type

Classroom Resource

Subject Area

Social Studies

Grade(s)

2

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.

Social Studies (2010) Grade(s): 2

SS10.2.7

Explain production and distribution processes.

UP:SS10.2.7

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.
Social Studies (2010) Grade(s): 2

SS10.2.8

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

UP:SS10.2.8

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.

CR Resource Type

Audio/Video

Resource Provider

PBS

License Type

CUSTOM
https://aptv.pbslearningmedia.org/resource/scarcity-cat-supply-demand-martpath/…

Custom License Type (URL)

https://aptv.pbslearningmedia.org/help/terms-of-use/#permitted

Accessibility

Video resources: includes closed captioning or subtitles

Comments or Notes

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Approved Date

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