Compare Types of Economic Systems 5-E Lesson | Intro to Economies | Microsoft

This lesson defines & explains the types of economic systems in place around the world. The activities are engaging for students & the guided, 5-E format is easy for you to use! Begin with a fun, “4 Pics, 1 Word” warm-up activity, then introduce key vocabulary. Students complete a fill-in chart comparing the 4 main types of economic systems - Traditional, Market, Command, Mixed. Check for understanding with a “Show What You Know” practice activity, “Big Ideas” summary & exit ticket quiz. 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
• Comparison Fill-in Chart
• Exit Ticket Quiz
• Answer Keys
• Teacher Reference Guide

5-E Guided Lesson:

1. Engage: “4 Pics, 1 Word” Warm-up Activity
2. Explore: Vocabulary & Fill-in Notes
3. Explain: Economic Systems Comparison Chart
4. Elaborate: “Show What You Know” Practice Activities
5. Evaluate: Exit Ticket Activity

Vocabulary:

• Economic System, Factors of Production, Entrepreneurs, Command Economy, Capital, Traditional Economy, Free Market Economy, Free Enterprise System, Mixed Economy, Planned Economy

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

Total Pages:  54

Time:  90 Minutes

Grades: 6-12