Explain Economic Systems 5-E Intro Lesson | What Does it Mean? | Microsoft

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Explain the purpose of economic systems & examine how different types of economies can affect daily life. The activities are engaging for students & the guided, 5-E format is easy for you to use! A fun, “Survivor” warm-up activity challenges your class to consider what things they might need to win the game. Present vocabulary & explain the role of an economic system while students fill-in notes & complete practice activities. Assess learning with an Exit Ticket activity. 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
  • Exit Ticket Activity
  • Answer Keys
  • Teacher Reference Guide


5-E Guided Lesson:

  1. Engage: “Survivor” Warm-up Challenge
  2. Explore: Vocabulary & Fill-in Notes
  3. Explain: “What’s the Plan?” Comparison Activity
  4. Elaborate: “Big Ideas” Summary
  5. Evaluate: Exit Ticket Activity

     

    Vocabulary:

    • Economic System, Needs, Wants, Factors of Production, Land, Labor, Capital, Industry, Agricultural Industry, Manufacturing Industry, Service Industry, Traditional Economy, Planned Economy, Market Economy


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


    Total Pages:  55

    Time:  1 Hour

    Grades: 6-12