3/27 Master Chef: 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.  Go into Google Classroom.  Follow the MasterChef - Basic Economic Concepts directions:  STOP at the stop sign in the slide show.              7 minutes

Review your economic systems, standard of living, supply & demand, and trade/globalization information while you wait.

3. Your fifteen minutes starts.....NOW!           15 minutes

4.  Present to class - each group, each person.            25 minutes               

__________________________________________

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

Ask them.......

• How do the three basic economic systems compare to one another - similarities and differences?
• Show me the slide show your group made today, and explain it to me.