Aim: Are the roles of the entrepreneur, the consumer, and the government in the free enterprise system equally important, or is one more important than the other?
Bell Ringer: Journal 13 – Identify the five major weaknesses of a command economy.
Objectives:
1. Students will compare how the various economic systems (traditional, market, command, mixed) answer the questions: (1) What to produce? (2) How to produce?; and (3) For whom to produce?
2. Students will identify and explain broad economic goals.
3. Students will differentiate and draw conclusions about historical economic thought theorized by economists.
Agenda:
- 1. Bell Ringer (10 min)
- 2. Review journals 11-12
- 3. Economic Systems Exam (rest of class)
- 4. Grade Journals 1-10
Home Learning: No HW!
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