11/13 Basic Economic Systems

Whenever you need help, please ask for it.

Please write your homework in your assignment book.
Please review the goal and agenda for the day (posted in the classroom).

Today in class you will 

• show that you understand that different country have different economic systems.
• show you understand some of the characteristics of the three basic economic systems.

Why?

• To develop your understanding of basic economic concepts.
• To begin seeing connections between yourself and other parts of the world.
• To describe how different economic systems try to answer the basic economic questions of what to produce, how to produce, and for whom to produce.

1.  (5 min) As you read through these notes from yesterday, THINK: Why do you think each economic system has the name it was given?

2.  (5 min) Discussion as a class

3.  Click on this linked slide show .

4.  (5 min) As you go through the four black sides, jot questions on paper or in a Doc.

5.  (5 min) Discuss as a class.

6.  (5 min) As you go through the three gold sides, jot questions on paper or in a Doc. Think of a symbol for this economic system.

7.  (5 min) Discuss as a class.

8.  (5 min) As you go through the three purple sides, jot questions on paper or in a Doc.  Think of a symbol for this economic system.

9.  (5 min) Discuss as a class.

10.  (5 min) As you go through the three blue sides, jot questions on paper or in a Doc.  Think of a symbol for this economic system.

11.  (5 min) Discuss as a class.