3/24 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 

• analyze how different economic systems work.
• identify positives and negatives for each type of economic system.

Why?

• To develop your understanding of economics.
• To develop your critical thinking.
• To practice identifying common information from multiple sources.

1.  Discuss with someone near you what you will be doing in class today and why (see above).   1 minute

2.  Create two column notes on the CHARACTERISTICS of the three BASIC ECONOMIC SYSTEMS by doing the following:

• Review our work from yesterday after making a copy of the document at this link.            5 minutes
• Watch the video linked here.             5 minutes
• Review the slide show at this link.            10 minutes

3.   When asked to share with a partner.               10 minutes

4. Whole class discussion.                10 minutes

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Parents: Instead of Asking Your Child, 
"What Did You Do in School Today?"

Ask them.......

• What are the three basic economic systems?
• What are the key features for each of the basic economic systems?