Financial Literacy: Money Talks – Supply and Demand

Ready to crack the code on why your favorite sneakers or video games cost what they do? Join our lively discussion where we’ll explore the fascinating forces that decide the price tags on just about everything.

1. Supply & Demand: The See-Saw of the Marketplace
Picture a playground see-saw – that’s supply and demand! We’ll start by understanding these two key players. Supply is how much of something is available (like how many skateboards are in the store), and demand is how much people want it (everyone wanting the coolest skateboard around).

2. Prices: The Balancing Game
Next, we’ll see how this see-saw affects prices. When lots of people want something that’s rare (high demand, low supply), prices shoot up. But if there’s too much of something that not many people want (low demand, high supply), prices tumble down. It’s all about finding that perfect balance!

3. Real-Life Examples: From Sneakers to Smartphones
Let’s make it real! We’ll dive into examples like the latest sneakers, smartphones, or even concert tickets. Understand why some items have sky-high prices and why others are super affordable.

4. Demand’s Drivers: What Makes You Want to Buy
What makes you really want something? We’ll explore the factors driving demand – from trends and advertising to your own needs and wants. Learn how companies try to rev up your desire to buy their products.

5. Supply’s Story: How Things Come to Be
On the other side, we’ll look at supply. Discover how things are made and what affects how many are available. We’ll talk about everything from factory production to shipping issues, and even how weather can play a part.

6. Interactive Activities: Be a Market Guru!
Ready to test your skills? We’ll have fun activities where you’ll predict how changes in supply and demand might affect prices. Be your own market guru and see if you can guess the price swings!

Join us for this interactive session where you’ll learn the ins and outs of supply and demand. By the end, you’ll look at every price tag with new eyes, understanding the hidden dance of supply and demand behind it.

The event is only possible because of the generous support of the Ohio Developmental Disabilities Council.

Please register below or by email: Alyssa@WeThriveTogether.org