Georgia SS5E1.b
The Standard
Explain how price incentives affect people's behavior and choices (e.g., decisions to participate in cattle trails because of increased beef prices).
Georgia Standards of Excellence for Social Studies · Use the basic economic concepts of trade, opportunity cost, specialization, productivity, and price incentives to illustrate historical events.
Teacher's field guide
What This Standard Means
What Students Need to Do
- Students explain how changes in prices can influence what people produce, sell, or buy. They connect price differences to choices made during historical events.
What Mastery Looks Like
- Students can predict how a higher or lower price may change a person's decision. They support the prediction with a clear cause and effect explanation.
Common Misconceptions
- Students may think higher prices encourage both buyers and sellers in the same way. They may also overlook costs, distance, and risk when explaining choices about where to sell goods.
How to Assess It
- Exit ticket: Beef sells for $5 locally and $12 at a distant railhead. Would a rancher join a cattle drive, and why?
Lesson moves
Ways to Teach It
Give groups cattle cards, travel cost tokens, and town price signs, then have them choose where to sell and explain why.
Ask students to write: How could rising beef prices persuade a rancher to accept the risks of a cattle drive?
Play Price Signal Sort by placing scenario cards under encourages sellers, discourages sellers, encourages buyers, or discourages buyers.
Compare two grocery ads for the same item, then discuss how each price might affect a shopper's choice.
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Related Standards
- SS8E2.a
Describe how profit is an incentive for entrepreneurs.
- SS4E1.b
Explain how price incentives affect people's behavior and choices: decisions about what crops (e.g., cotton, and tobacco) to grow and products (e.g., textiles) ...
- SS5E3.a
Describe how competition, markets, and prices influence consumer behavior.
- SS4E1.a
Describe opportunity cost and its relationship to decision-making across time (e.g., decisions to settle in the west).
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