Economics – 2/24/14
I. Bellwork
Read the article and summarize what happened, why it occurred, and its impact.
II. Objective
- Evaluate various explanations for actions or events and determine which explanation best accords with textual evidence.
- Identify the characteristics of command, traditional, and market economies and examine how these are employed under different governmental systems
III. Class Work
A. Discussion of bellwork & video Video – Mohammed Bouazizi
B. Economic Systems Activity (Bead Economy)- What to Produce, How to Produce, For Whom to Produce?
IV. Exit Ticket
Summarize how each of the 3 economic systems answers the 3 basic economic questions?
What to Produce, How to Produce, For Whom to Produce?
- Traditional
- Command
- Market
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