Types of Economic Systems

This Types of Economic Systems lesson plan also includes:

As an introduction to economics, government classes investigate different types of economic systems (traditional, command, market or capitalist, mixed) to determine answers to basic question about how goods are produced.

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Instructional Ideas

  • Divide the class into groups, have each group research a different type of system, jigsaw the groups, and have experts share what they have learned
Classroom Considerations

  • The activity presumes class members have access to an economics textbook
  • The 16th in a series of 19 related resources
Pros

  • The six-page packet includes a brief plan, information for teachers on the various systems, worksheets, and handouts
Cons

  • The exercise does not scaffold for the assessment