Comparing Economic Systems

This Comparing Economic Systems lesson plan also includes:

How do people make decisions in a world where wants are unlimited, but resources are not? How do individuals and governments utilize scarce resources (human, natural, and capital) in different economic systems? Introduce your learners to the concept of economics with this lesson plan, and then guide them through a collaborative role-playing activity that will give them a better understanding of how, while all societies face the same economic questions, governments answer these questions differently through unique and varied economic systems.

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CCSS: Adaptable
Pros

  • Includes handouts and descriptions of traditional, command, market, and mixed economies
  • Detailed and clear procedure for instructor
Cons

  • None
Common Core