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

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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 print & interactive, digital versions of the materials. Made for traditional in-class learning or digital 1:1 classrooms. Everything you need is included!

 

Includes Google Resources: Digital & Print

  • Guided 5-E Slides 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: Types of Economic Systems Comparison Chart
    4. Elaborate: “Show What You Know” Practice Activities
    5. Evaluate: Exit Ticket Worksheet


    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, and NCSS


    Time: 90 minutes

    Total Pages: 54

    Grades: 6-12