Indiana Social Studies 5.E.4

Social Studies5th GradeEconomics

The Standard

Define types of trade barriers and predict the effect of changes in supply and demand on price.

2026 Indiana Academic Standards: K-12 Social Studies

Teacher's field guide

What Students Need to Do: Students tell the difference between an import tax, a limit on imports, and a trade ban. They predict whether prices rise or fall when supply or demand changes.
What Mastery Looks Like: A student names a tariff, quota, or embargo from a short example. They predict a higher price after a smaller harvest and a lower price when fewer buyers want the same crop.
Common Misconceptions: Students may confuse a quota with a tariff or think an embargo is just a higher tax. They may predict a lower price when fewer goods are available. Some confuse demand with the number of goods on shelves.
How to Assess It: Exit ticket: A country limits imported oranges to 100 boxes. Name the trade barrier, then explain what happens to orange prices if the crop shrinks or more buyers want oranges.

Lesson moves

Run a paper-apple market with play money; add a $2 tariff, a two-apple quota, then an embargo and count sales.
Ask: If a storm cuts the orange harvest but buyers still want the same number, what happens to price? Why?
Deal cards showing changes in supply or demand; teams point a price arrow up or down and explain their choice.
Use a grocery flyer to compare berry prices in two seasons, then ask how the harvest size might explain the difference.

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A ready-to-print activity worksheet aligned to 5.E.4, with an answer key for the teacher on its own page. No account needed.

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