Capitalism Socialism Communism 5-E Lesson | The Economic Spectrum | Microsoft

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This lesson examines the concepts of capitalism, socialism & communism to connect economics with the real world. The activities are engaging for students & the guided, 5-E format is easy for you to use! Begin by reviewing types of economies with a “Tale of 2 Cows” warm-up activity. Then, students complete a chart comparing the goals & characteristics of Capitalist, Communist & Socialist societies. Challenge your class to categorize traits typical of each economic system with a “Sorting Hat” practice activity. The observation activity encourages critical thinking skills by exploring where nations fall along the economic spectrum. Your purchase has editable, print & interactive, digital versions of the materials. Made for traditional in-class learning or digital 1:1 classrooms. Everything you need is included!


Includes Microsoft Resources: Digital & Print

  • Guided 5-E PowerPoint Lesson
  • Fill-In Notes
  • Reading Comp Activity
  • Answer Keys
  • Teacher Reference Guide

     

    5-E Guided Lesson:

    1. Engage: “A Tale of 2 Cows” Warm-up Activity
    2. Explore: Vocabulary & Fill-in Comparison Chart
    3. Explain: “The Sorting Hat” Practice Activity
    4. Elaborate: “The Economic Spectrum” Observation Activity
    5. Evaluate: “Overview of Capitalism” Reading Comprehension Activity


      Vocabulary:

      • Economic System, Political Ideology, Traditional Economy, Free Enterprise System, Capitalism, Market Economy, Command Economy, Communism, Socialism, Mixed Economy


      Aligned with Social Studies Standards: CCSS, TEKS, ELPS & NCSS

       

      Total Pages: 55

      Time: 90 minutes

      Grades: 6-12