Approach: One
to one |
Level:
Year 4
and year 8
|
|
Focus:
Factors
influencing the price of commodities |
Resources:
Photo |
|
|
Questions/instructions:
Hand
the photo to the student.
1. The price of petrol goes up and down.What are some of the causes
for the price to change? |
|
|
|
%
responses
2005 (01) |
y4 |
y8 |
Supply: |
mentioned
that world oil is starting to run out
|
11
|
48 |
|
mentioned
shortages caused by natural disasters |
4 |
9 |
mentioned
price control/profit margin/ manipulation by oil producers |
23 |
29 |
mentioned
tensions/effects of international politics |
1
|
10 |
Demand: |
mentioned
change in amount of petrol required/number of users |
19 |
21 |
|
mentioned
currency exchange rates |
1
|
3 |
mentioned
price effects of tax changes and government regulation |
8 |
16 |
mentioned
price effects of costs of transporting oil to New Zealand and petrol
within New Zealand |
3 |
13 |
mentioned
that ecological and conservation considerations can affect prices |
4
|
5 |
2.
Petrol is made from oil. Where do you think New Zealand gets its oil
from? |
|
|
|
New
Zealand oil fields – Taranaki, seabed |
10 |
16 |
overseas
countries (e.g. Saudi Arabia) |
23
|
62 |
international
oil companies |
2
|
2 |
3.
Some people say that when the price of petrol goes up, it can cause other
prices to go up as well. How could the price of petrol going up cause
the price of bread to go up? |
|
|
|
freight
charges for bread ingredients |
2 |
5 |
freight
costs from factory to shops |
2 |
20 |
increases
the cost of production of the bread and packaging |
9
|
17 |
Total
score: |
6–15 |
1 |
5 |
|
5
|
1 |
9 |
4
|
4
|
14 |
3
|
9 |
24 |
2
|
18
|
25 |
1
|
31
|
17 |
0
|
36 |
6 |