Comparing Economic Systems is a unique lesson. It offers solid content with primary source materials, student brainstorming, class discussion, graphic organized notes, and analyzing video clips. Students enjoy this lesson because it so relevant today!
Step 1 Students read Karl Marx and Adam Smith excerpts in order to build a small foundation. In order to access reading comprehension teachers evaluate the Capitalism v. Communism Student Worksheet.
Step 2 Using the Compare Economic Systems Worksheets, content is provided for teachers to prompt student brainstorming. One goal is to understand the characteristics of each economic system. As students respond with characteristics, teachers can record them on the board. A Compare Economic Systems Teacher Guide is included to assist with content and energetic exchange of thoughts.
Step 3 In the study of communism, video clips are very useful and interesting. A video segment of the Smurfs cartoon, found on YouTube, is used to ask students to analyze the ideal model of communism. Next, a video segment of modern day North Korea, found on YouTube, is a good tool to have students analyze the flaws of communism.
Step 4 - Economic Review Student Worksheet is a simple assessment tool to gauge student understanding. Economic Review Teacher Guide is included to assist with proper answers.
**Karl Marx and Adam Smith primary source excerpts
**Capitalism v. Communism Student Worksheet
**Compare Economic Systems Student Worksheet
**Compare Economic Systems Teacher Guide
**Economic Review Student Worksheet
**Economic Review Teacher Guide
**Suggested video clips
**Industrial Revolution Weekly Lesson Plan- this framework demonstrates an overview of teaching Industrial Revolution Unit.