This lesson is student-centered and is designed to engage students in the process of learning. The Economic Systems Lesson Plan requires students to examine how people and governments make decisions about how to organize the structures of their economies. This lesson introduces students to the concept that the decisions about what to produce, how to produce, and for whom to produce will dictate the operational systems of the economy.
Potential uses of this lesson:
•While studying economic systems in a government or history class
•While studying a novel that involves types of economic systems
Grade level appropriateness: 9 – 12
Time Frame: 1-2 instructional periods.
Key Knowledge and Skills:
- Students will identify the factors that influence decision making on issues of production, distribution and consumption of goods.
- Students will compare, contrast, and evaluate different types of economies (traditional, command, market, and mixed).
- Students will analyze how they have been affected in the past by specific social and political systems and important historical events.
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