Math Lesson 03.19.24

3rd Grade Mathematics

March 4, 2024

8

Do Now

LO: SWBAT give detail regarding how human capital/labor

and income are all related and describe the connection
between the availability, lack of resources and how that

affect the cost.

DOL: SW give detail regarding how human capital/labor
and income are all related and describe the connection
between the availability, lack of resources and how that

affect the cost correctly on 4 out of 5 questions.

TEKS 3.9(A) explain the connection between human capital/labor and income (S)

TEKS 3.9(B) describe the relationship between the availability or scarcity of resources and how that impacts cost (S)

Scarcity

List or draw images that people purchase during hurricane season in
Houston.

Image by digital designer from Pixabay

11

Lesson Vocabulary

Human Capital

Labor

Income

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Image by 200 Degrees from Pixabay

Image by Memed_Nurrohmad from Pixabay

12

Lesson Vocabulary

Resources

Scarcity of Resources
Availability of

Resources

Image by Clker-Free-Vector-Images from Pixabay

Say the value of the coins.

Write the value of the coins.

Say the value of the coins.

Write the value of the coins.

$0.44

Say the value of the bills.

Write the value of the bills.

Say the value of the bills.

Write the value of the bills.

$2.00

Say the value of the money.

Write the value of the money.

Say the value of the money.

Write the value of the money.

$2.44

Say the value of the coins.

Write the value of the coins.

Say the value of the coins.

Write the value of the coins.

$0.60

Say the value of the money.

Write the value of the money.

Say the value of the money.

Write the value of the money.

$3.60

Say the value of the coins.

Write the value of the coins.

Say the value of the coins.

Write the value of the coins.

$0.51

Image by OpenClipart-Vectors from Pixabay

Image by Clker-Free-Vector-Images from Pixabay

Why might the cost of an item increase (go up) when supply is
low, and demand is high?

https://www.vecteezy.com

Is there enough food in the supermarket to buy groceries?

https://www.vecteezy.com

Why might the cost of an item decrease (go down) when supply is
high?

Fill in the blanks with high or low.

A bakery makes delicious sourdough bread. Customers have to get there
early or they might not get any.

This bread has ________ demand and ________ supply .

Image by OpenClipart-Vectors from Pixabay

The bakery made 50 spinach cakes that almost no one bought.

The cakes had ________ demand and ________ supply .

Image by OpenClipart-Vectors from Pixabay

Let's Practice

Bad weather destroyed most of the peaches on the peach trees in an
orchard. This will have an effect on the price of the remaining peaches.

Which statement best describes the effect on the price?

A.

The price will likely increase, because there are more peaches
available to buy.

B.

The price will likely decrease, because there are more peaches
available to buy.

C.

The price will likely increase, because there are fewer peaches
available to buy.

D.

The price will likely decrease, because there are fewer peaches
available to buy.

Let's Practice

Let's Explore

What are some jobs you know about?

Image by REDQUASAR from Pixabay

Image by Clker-Free-Vector-Images from Pixabay

Image by Clker-Free-Vector-Images from Pixabay

Image by Clker-Free-Vector-Images from Pixabay

Why do people choose a certain job?

Image by Clker-Free-Vector-Images from Pixabay

Let's Explore

What do people typically do after high school relating to education
and career ?

What do people usually receive after graduating from high school?

Image by Clker-Free-Vector-Images from Pixabay

https://www.vecteezy.com/vector-art/2175386-university-graduation-background

Let's Explore

What do people typically do after high school relating to education
and career ?

Trade Schools

University

Community

College

What do people usually receive after graduating from high school?

Image by Clker-Free-Vector-Images from Pixabay

Certificate

Degree

https://www.vecteezy.com/vector-art/2175386-university-graduation-background

Image by OpenClipart-Vectors from Pixabay

Image by Augusto Ordóñez from Pixabay

What factors can affect a person’s income?

Image by Mohamed Hassan from Pixabay

Image by Clker-Free-Vector-Images from Pixabay

Let's Explore

Let's Practice

Rachel babysits each week after school. She is paid $20 for each hour
she babysits her neighbor's children. Which factor would most likely
affect the amount of money Rachel gets paid to babysit?

A.

The time of the day she babysits.

B.

The number of children she babysits.

C.

The amount of money she spends on snacks.

D.

The number of hours she babysits children.

Let's Practice

Mr. William works for a publishing company. Which factor would most
likely affect amount of money Mr. William gets paid by the publishing
company?

A.

The amount of money Mr. William has in his savings account .

B.

Mr. William's level of education.

C.

The type of house Mr. William lives in.

D.

The amount of expenses Mr. Williams has every month.

SW explain the connection between human capital/labor and income and
describe the relationship between the availability and scarcity of resources
and how that impacts cost correctly on 4 out of 5 questions.