LEARN NC

K–12 teaching and learning · from the UNC School of Education

Comparative economic systems

http://www.econedlink.org/lessons/index.cfm?lesson=EM322&page=teacher

A lesson plan for Grades 7 and 10–12 American Government and Economics

Provider: National Council on Economic Education

About this resource

Appropriate grades
7 and 10–12
Provider
National Council on Economic Education

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In this EconEdLink lesson, students will compare several aspects of the economies of the United States, North Korea, and Chad. Students will practice using some tools that can help them study any economy in the world. Included with this lesson is a printable student worksheet.

North Carolina Curriculum Alignment

Social Studies (2003)

Grade 7

  • Goal 5: The learner will evaluate the varied ways people of Africa, Asia, and Australia make decisions about the allocation and use of economic resources.
    • Objective 5.02: Examine the different economic systems, (traditional, command, and market), developed in selected societies in Africa, Asia, and Australia, and assess their effectiveness in meeting basic needs.
  • Goal 13: The learner will describe the historic, economic, and cultural connections among North Carolina, the United States, Africa, Asia, and Australia.
    • Objective 13.03: Examine the role and importance of foreign-owned businesses and trade between North Carolina and the nations of Africa, Asia, and Australia, and assess the effects on local, state, regional, and national economies and cultures.

Grade 10 — Economics and Civics

  • Goal 8: The learner will analyze features of the economic system of the United States.
    • Objective 8.01: Compare characteristics of command, market, traditional, and mixed economies.
  • Goal 9: The learner will analyze factors influencing the United States economy.
    • Objective 9.02: Describe the impact of government regulation on specific economic activities.
    • Objective 9.05: Explain the impact on the United States economy of international trade and global products.
    • Objective 9.06: Investigate the ways that domestic and international economies are interdependent.

Grades 11–12 — American Government

  • Goal 7: The learner will analyze relationships between the American political system and the international political systems.
    • Objective 7.01: Identify and assess the impact of major American foreign and trade policies.

Grades 11–12 — Economics

  • Goal 1: The learner will demonstrate the role of economic choices within a market economy.
    • Objective 1.04: Compare and contrast traditional, market, command, and mixed economic systems and their responses to production.
  • Goal 2: The learner will analyze the role that supply and demand, prices, and profits play in determining production and distribution in a market economy.
    • Objective 2.01: Define supply and demand and identify factors that cause changes in market supply and demand.
  • Goal 4: The learner will evaluate the roles of government in a market economy.
    • Objective 4.01: Explain the basic functions of government in a market economy.
  • Goal 8: The learner will analyze the international dimensions of economics.
    • Objective 8.01: Explain the benefits of trade among individuals, regions, and countries.