Aim:
Are the roles of the entrepreneur, the consumer, and the government in the free
enterprise system equally important, or is one more important than the other?
Bell
Ringer: Review Journal 59
Objectives:
1.
Students will compare how the various economic systems (traditional, market,
command, mixed) answer the questions: (1) What to produce? (2) How to produce?;
and (3) For whom to produce?
2.
Students will identify and explain broad economic goals.
3.
Students will differentiate and draw conclusions about historical economic
thought theorized by economists.
Agenda:
1.
Bell Ringer (10 min)
2.
Grade and review HW (5 min)
3.
Concept Map and Economic Systems note-taking guide presentations. (rest of
class)
4.
Have students complete the note-taking guide as each group presents their
designated topic.
Home
Learning:
Journal 60 – Explain who makes economic decisions in a
market economy.
Journal 61 – Describe the advantages
and disadvantages of a mixed economy.
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