Goals & Types of Economic Systems Unit
$29.95
Open your students’ eyes to how nations worldwide function as economic systems with this highly engaging, simulation- and real-world-filled 3-4 week Goals & Types of Economic Systems unit.
Included are over 20 activities, simulations, and projects to develop global awareness and asks, “How do we measure the world economically?”
Description
This unit can be done well in 3-4 weeks and supports standards from various states.
Students will master key economic concepts like:
- Goals of an Economy — freedom, choice, stability, equity, progress
- Economic Circular Flow — consumers, households, producers, government, labor, goods, incentives
- Key Economic Measurements — GDP, GDP per capita, CPI, inflation, unemployment, Human Development Index
- Types of Economic Systems — traditional, command, market, mixed, developed, developing
Included in this Goals & Types of Economic Systems Unit:
Overview Materials
- Teacher Unit Overview with general notes, links, standards, and a pacing guide
- Daily Lesson Plans with step-by-step details, planning, and lesson takeaways
- Detailed Answer Keys for each activity
- Unit Essential Questions and Standards handouts with review questions and “I Can…” checklists
- Concept Notes sheet for building deep and nuanced mastery of concepts
- Bell Ringer slides to introduce each activity
Major Topics & Activities
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- Goals & Roles of an Economy / Circular Flow Chart: Research and compare how different marketplaces and economies function and their goals, apply the circular flow chart to various real-world examples, complete stations on current events by using the circular flow
- Key Economic Measurements: Examine 12 data maps using an analysis protocol to determine economic strengths, research, and create an economic profile poster on a specific country
- 4 Types of Economic Systems: Analyze the several characteristics of each and apply to various real-world examples, assess how different systems prioritize goals differently with six scenario cards and a current event analysis, conduct an economics systems simulation using origami
- Economics Systems in Real Life: Research how three economies function and the role incentives play in them
- Economy from Scratch Project: Design a whole economy through a series of tasks and questions, and using everything learned, present to the class
- Economic Systems Review Games: 3 worksheet games/activities, and a 28-card deck for matching/sorting (8 game ideas included)
Lecture Kit
- 93-Slide Deck: introduce concepts with images and real-life examples; broken into 20-30-minute sections to deliver throughout the unit
- Guided Notes & Test Bank: support and assess learning with these no-prep tools
- Extensive Speaker Notes & Handout: extended explanations and examples, both embedded in the slide deck and a separate handout
Outside Materials: These are listed at the beginning of the unit and in detail within the individual lesson plans. They include:
- A large bag of small lollipops
- Small candies
- Paper for origami folding
- Recent news articles
This bundle includes 140 PDF pages, plus Google files.
What grades is this intended for?
This was designed for high school, but some included resources could still work for upper middle school, especially if are willing to customize things as necessary.
What supports are included? How can I modify this?
All sorts of supports are included in each activity, like graphic organizer notes, visuals, and definitions, and the lecture slides are designed with clear, focused content on each slide.
Google versions of student materials and lecture slides are editable to tailor for your students’ needs.
Is this editable? What file types does this resource come in?
The main resource is a secured, non-editable PDF file intended to be printed.
Included are links to editable Google files, to customize to your classroom needs and assign digitally if you choose.
What standards does this address?
Several! Standards vary, but this resource supports these from various states:
- Describe the basic characteristics and goals of an economy
- Explain the various roles individuals, firms, and the government have in a circular-flow model of the economy
- Compare traditional, command, market, and mixed economy systems and examine current examples
- Interpret economic data, including unemployment rate, gross domestic product, and rate of inflation
- Describe how incentives affect choices with different economic systems
What are the terms of use for this resource?
This resource, including all ancillary files, may be used as needed for regular, non-commercial single-classroom use between a teacher and their students.
This includes printing copies and sharing digital files with students through a secure platform, like Google Classroom or Canvas, email, or a classroom-only shared drive.
The using and sharing of any part of this resource in any manner outside the above-mentioned capacity is strictly prohibited. Prohibited uses include, but are not limited to,
- posting files on the open internet or in a Facebook group
- emailing files to or sharing print copies with others (without purchasing additional licenses)
- uploading or storing files in a shared cloud drive accessible by anyone other than students
- including any part, or any derivative work, within any commercial endeavor like curriculum development, professional training, or for-profit teaching like Outschool, or selling this resource as your own in either print or digital formats
Doing so violates the Digital Millennium Copyright Act (DMCA), copyright law, and these terms.
By downloading this resource from Let’s Cultivate Greatness, the original user has been granted one license for a single teacher (or number of teachers matching the number of licenses purchased) and their students at any one time.
Let’s Cultivate Greatness retains the full copyright of this resource.
