Lesson Plan & Material 2

Topic of Lesson Plan 2: Why Do Prices Fluctuate? It focuses on teaching students the underlying reason why prices change and levels up finance-related vocabulary so that students can have more words to use when describing such phenomenon.

A 1-minute video explaining "supply and demand" is played twice to make sure students understand the relationship between these two terms.
An article is thoroughly interpreted from the beginning to the end to further elaborate why prices fluctuate in the market while the target vocabulary is elicited for the day.

Vocabulary Scaffolding & Practices

Listing out all the vocabulary with visual aids (illustrations) and an example sentence allows students to get a concrete picture of how the vocabulary should be used.

・ Practice A: To provide students with English definition of the target vocabulary・

・ Practice B: To give more examples so that students can understand the usage of words・

・ Practice C: English sentence structures can vary and such exercise is important・

Final Output

Cause and Effect Challenge - Students need to pick a scenario and try to explain it in 2-3 sentences using the target vocabulary they have learned in this lesson.

・ Scenarios are provided on the screen・

Student A: There are too many PS5 consoles on the warehouse. This will decrease the price of PS5 consoles. The market trend will turn to buy more consoles.

Student B: When a celebrity endorses a bubble-tea brand, the market trend will turn to drinking more buble tea. (After some teacher elicitation) So after a week or two, the price will probably increase.

Student C: The price of mangoes suddenly drops during peak season, so the consumer confidence will raise (rise) so that they will increase their purchasing power.

Student D: Gas prices rise for three months in a row so more people buy meals at the convenience stores instead of cooking by themselves. (She thought gas meant 瓦斯🤣 but it was actually gasoline, so she quickly revised.) 🔜Gas prices rise for three months in a row so many people by the MRT to go to work (an understandable mistake in such a short time, and we quickly revised it into "many people go to work by the MRT) or by bike. They don't drive cars by themselves because they want to lower their cost of living.

Takeaway for Lesson 2

Getting to know more higher-leveled and rarely used vocabulary and to use them in specific scenarios.
Practicing reasoning within 2-3 setences.

Homework and Warm-up for Lesson 3

Read an article about making smart financial choises and do some mini tasks before the next session:

Mini-Task:

List three things you spend money on this week.
Label each one as fixed, variable, or luxury.
Write one sentence: "Next month, I will try to save money by..."

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