Peanut Butter and Cupcake Lesson for Grades 1-3
Students hear a story about Peanut Butter, a slice of bread with peanut butter, who is looking for a friend. They hear about examples of complement and substitute goods and participate in an activity where they are given a good and they find a partner with a substitute or a complement for that good. They conclude by singing a song about complements and substitutes. The lesson provides the basis for understanding that a change in the price of one good affects the demand for goods that are complements to or substitutes for that good.
• Lesson (pdf)
• Whiteboard (SMART/notebook)
• Whiteboard (ActivInspire/flipchart)
This lesson plan is designed for teaching grades 1, 2, and 3.
Book written by Terry Border / ISBN: 978-0-399-16773-7. This book is in print and available.
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