Economic Systems
3 Economic Questions
Answered by Economic Systems
After listening to, and discussing the lecture, students will identify key economic questions.
Assessment: Identification Question – Tier One Costa Question
After completing their guided notes, students will differentiate the various characteristics of the four economic systems.
Assessment: Matching Statements to Economic Systems – Tier Two Costa Question
Teacher-Led Lecture
Guided Notes for Students
Review
Discussion Questions
Drawing
Venn Diagrams
Models
Quickwrite
USA's Economic System
Students will compare the pros and cons of a market economy after reading and annotating the article, “Is a Free Market “Free” If It’s Regulated?”
Annotate
Underline important terms
Circle definitions and meanings
Write key words and definitions in the margin
Signal where important information can be found, with key words or symbols in the margin
Write short summaries in the margin at the end of sub-units.
Write the questions in the margin next to the section where the answer is found.
Students will create a shutter foldable to explain the characteristics of USA’s economic system using the information gathered from the article, “Is a Free Market
“Free” If It’s Regulated?
Economic Systems
According to Philosophers
Using the National Archives Poster Analysis Graphic Organizer, students will practice their analysis skills using anti-Communist/Capitalism posters.
National Archives Poster Analysis Graphic Organizer
Students will read, annotate, and interpret passages by Adam Smith and Karl Marx based on a series of questions provided by the teacher.
Annotate
Underline important terms
Circle definitions and meanings
Write key words and definitions in the margin
Signal where important information can be found, with key words or symbols in the margin
Write short summaries in the margin at the end of sub-units.
Write the questions in the margin next to the section where the answer is found.
National Archives Document Analysis Graphic Organizer
Students will compare and contrast these two philosophers’ economic perspectives by completing an eight section foldable using the jigsaw strategy.