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Grade12, Economics Std. 2.5 Explain the why the characteristics of a market economy result in a thriving economy 2.6 Contrasting economic systems of various countries with the market economy of the United States

Lesson Plans: Introductory lesson on economics systems. Students will identify the major types of economic systems and explain how each answers the fundamental questions. Bead Game Simulation. Students will have the opportunity to participate in the three basic economic systems, (market, command, and tradition). By working in each of the systems, students internalize the fundamental values present in each system. They also gain insights into the basic advantages and disadvantages of each system. Comparative Economics. Students will compare the economies of Chad, North Korea, and the United States. Command Economies Through participation in a simulation, students will learn about the Command Economic System, which is found in countries like the Former Soviet Union, North Korea, and China.

Resources: Alabama Virtual Library Economics America A nationwide, comprehensive program for economic education in America's schools. EcEdweb. The mission of EcEdWeb, the Economic Education Website, is to provide support for economic education in all forms and at all levels. AmosWEB. Outstanding online economics resource. All resources ,except the E-tutor, are available free of charge. ECONlinks Site developed to provide easy access to basic economic and financial information for students in economics and business courses. The list of links is purposely not encyclopedic, but contains a variety of resources that you will find useful in your courses. Schools of Economic Thinking
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