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: Journal 9 – Choose one of the economic and social goals named in this section. How might the ways in which this goal is met change over time? / Use section 2.
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. 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 10 – What distinguishes socialism from communism? (Use figure 2.2)
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