Economic Systems Teacher Resources
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Young scholars explain what an economic system is and how it works. In this economic systems lesson, students create a sample item to produce. Young scholars have a short window to create additional products. Students discuss and understand supply and demand.
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.
Fourth graders investigate and justify the geographic reasons why the colonists settled in the locations they did, and how this led to their economic system using a map of the original thirteen colonies.
Students research communist and third-world economic systems and compare them to that of the United States. They asses the three types of economies and determine the impact of natural resources and arable land on a nation's 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 examine and identify the different economic systems throughout the world. In groups, they develop their own economy basd on their own values and principles. They are given a problem scenerio to solve with the components of their system.
Students identify the conditions faced by the prisoners of war at Andersonville during the Civil War. They examine how a group of civil war prisoners developed an economic system within their camp.
Students compare and contrast all of the world's major economic systems. They are also to catergorize the economic systems in terms of ownership and distribution.
Students explain the concepts of market system, command and mixed economy. They describe the differences between needs and wants. They compare and contrast different government and economic systems.
Young scholars examine the distribution of economic systems of the world. They learn the difference between developing and developed countries.
Middle schoolers read an Indian folktale and study capital in economic systems and trade economies. In this capital activity, students watch a clip from "Jerry Maguire," define capital, and study the worksheet about trade. Middle schoolers 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.
Eighth graders research the economic systems and organization of another country. They prepare a PowerPoint presentation for the class showcasing their findings.
Students list fifteen purposes to government, then hypothesize about the connection between type of governmental and economic systems. They write a paragraph, answering the question, What is government?
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.
Students develop the concept of economic systems. In this economic system lesson, students create command and market economic systems.
Sixth graders work on computer internet to research the three types of economic systems and create a mind concept map. They create a song or rap to share with the class which expresses what they have studied.
High schoolers list and explain the functions of the three sectors of the American economic system. They identify foundations as part of the third sector. They summarize the function and purpose of their local community foundation. They apply for funds from a local foundation and carry out the project for which those funds are requested.
Students use symbols to represent different government and economic systems. They explain how the nonprofit organizations and governments work together to supply needs. They interview a foreign exchange student and complete a chart with the information they gathered.
Students explore Native American culture by examining their economy. In this financial history lesson, students define the European economies as capitalist while finding the opposite for Native Americans. Students research Montana Tribal websites for further information and define the different tribes that inhabited Montana.