Peanut Butter and Cupcake Lesson for Grades 1-3

Peanut Butter and Cupcake Book Cover

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.


If you have difficulty accessing this content due to a disability, please contact us at 314-444-8624 or

Find More Economics and Personal Finance Resources

Education Level: Pre-K-5
Subjects: Economics Literature
Concepts: Demand
Resource Types: Lesson SMART/Promethean/Whiteboard
Languages: English
Back to Top