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Economic Systems Teacher Resources
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Learners research economic systems. In this economy lesson, students prepare and deliver a presentation based on their research of the three major types of economic systems. This lesson includes 6 activities which are designed to further their understanding of market economy.
The class is divided into thirds and each third conducts Internet research on one of the three economic systems. They use an Inspiration template to type in a definition and facts about their assigned economic system. A four-two-one strategy is employed to assist students in sharing what they have found out about their systems with each other.
Ninth graders explore China's economic system and the future of the system. They define economic terms, research websites to find examples of how China is developing into a mixed economy system and how it competes with the U.S. for resources. Afte researching, they list three factors of production China is using in its growing economy.
Students read an Indian folktale and study capital in economic systems and trade economies. In this capital lesson, students watch a clip from "Jerry Maguire," define capital, and study the worksheet about trade. Students brainstorm about trade they have made and list them in their correct category. Students watch a PSA and then work in groups to create their own PSA's encouraging people to use capital to help others.
In order to better understand the US economy, learners read and interpret stock market price reports. They define profits and explain the role of profits in the American economic system for both firms and individual investors. Several weblinks are embedded in the lesson plan.
High schoolers investigate the concepts related to the economic system of the European Union by looking at the currency of the Euro in comparison to the American dollar. They compare and contrast the Federal Reserve, International Monetary Fund, and the European Central Bank.