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

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