Economics – 2/25/14

I.  Bellwork 

Read & determine what type of economic system they created, what was their incentive, were there rules, what skills did each survivor have, did they have roles, was there a profit motive or private property?

 Economic System for Survival

II. Objective:

  • Identify the characteristics of command, traditional, and market economies and examine how these are employed under different governmental systems.
  • Determine the central ideas or information of a primary or secondary source; provide an accurate summary that makes clear the relationships among the key details and ideas.

III. Homework on iLearn – Chapter 2

IV.  Notebook Work

Page 38 Figure 2.1 Discuss the various advantages and disadvantages of  each economic system.

Comparing Economic Systems

V.  Discussion

VI. Classwork

A. Pg 33 Vocabulary (12)

B.  Pg 41 2-4 Q&A


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