Go back See all

    Buyers and Sellers

    from
    Assign Activity

    Subject: Social Studies

    Lesson Length: 1 - 2 hours

    Topic: Roles of Buyers/Sellers in the Financial Market

    Grade Level: 6, 7, 8

    Standards / Framework:

    Brief Description: Students will explore the role of buyers and sellers in the financial market.

    Know Before You Start: Students should be familiar with the basic economic concepts involved in a financial transaction, e.g., buyer, seller, market, product, price, quality, demand.

    Hook:

    • Ask students:
      • "Have you ever bought something you really wanted, like a toy or a video game? How did you decide which one to buy?"
      • "Have you ever wondered why the price of your favorite video game or snack sometimes goes up or down?"
      • "Imagine you have a delicious homemade snack, and you want to sell it to your classmates. What would you do to convince them to buy it from you?"

    Activity:

    • Have students conduct a Think-Pair-Share with a partner, discussing their answers with each other and then sharing their thoughts with the whole class. Encourage them to think about their own experiences as buyers and sellers.
    • Have students further explore markets and the laws of supply and demand by watching a video from Crash Course Economics. 
    • Have students create their own mini-marketplace within the classroom by following these steps: 
      • Each group chooses a product or service they want to "sell." You can provide options or allow them to develop their own ideas.
      • Groups create advertisements that include the product's name, features, price, and any special promotions. Encourage creativity and persuasive language.
      • Set up designated spaces in the classroom for each group to showcase their products or services. Allow students to take turns visiting each "booth" and learn about the offerings.
      • Give students a small amount of hypothetical currency, e.g., play money to use in the marketplace. They must use all the currency to "buy" the products or services they are interested in. 
      • Once concluded, have a class discussion where students share how much they “sold” of their product, while reflecting on their roles as buyers and sellers. Discuss what strategies were effective in selling products and what influenced their purchasing decisions.
    • Have students create a comic to advertise their product.

    Closure:

    • Have students share their comics with the class or in small groups.
    • Emphasize that buyers seek products or services while sellers offer them, understanding how factors like price and quality influence purchasing decisions, and they will realize that these roles are essential in both traditional and non-traditional markets.

    Differentiation:

    • Allow students to use the speech-to-text feature.
    • Allow students to work in pairs or groups as needed.
    • Allow students to use the voiceover feature to read their comics aloud.
    • Allow students to use the closed-caption feature while watching the video. 
    • Preteach vocabulary or provide vocabulary definitions, e.g., buyer, seller, market, product, price, quality, demand.

    Resources:

    Suggested Content Packs:

    Assign Activity

    Related Ideas

    Greeting a New Student

    After learning how to greet people in the target language, students will read a sample conversation comic and make a comic of their own.

    A Day in My Life

    Students will create a comic taking the reader through a typical day in their life.