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)

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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Audience:   Elementary School
Language:   English
Subjects:   Economics, Literature
Resource Types:   Activity, Lessons
Concepts:   Demand
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