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Egyptian Market Day
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OBJECTIVES

As a result of this activity, students will be able to:

  • Determine what product they can make that is valued by the other group or classroom (supply and demand)
  • Decide what product they choose to trade to obtain another product (trade-off, consumption)
  • Discover what is needed to be done in the market place in order to trade products (economic plan)

STANDARDS

Michigan Curriculum Framework: Content Standards and Benchmarks: Social Studies

Strand II. Geographic Perspective
Standard II.I Diversity of People, Places and Cultures

All students will describe, compare, and explain the locations and characteristics of places, cultures, and settlements.

Strand IV. Economic Perspective
Standard IV.4 Economic Systems

All students will explain how a free market economic system works, as well as other economic systems, to coordinate and facilitate the exchange, production, distribution, and consumption of goods and services.

Excerpted from: Michigan Curriculum Framework, Michigan Department of Education, 1996. For more information, contact the Office of Curriculum Development, Michigan Department of Education; 517-373-7248; http://cdp.mde.state.mi.us/MCF/default.html

 

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