Economic Systems Teacher Resources

Young historians practice identifying evidence to categorize a particular country's economic system as either a mixed, centrally planned, traditional, or free economic system in this two-part lesson.

Here is a worksheet in which learners identify and compare economic systems (market, command, mixed, etc.) with 18 fill-in-the-blank questions and a graphic organizer. 

How do people make decisions in a world where wants are unlimited, but resources are not? How do individuals and governments utilize scarce resources (human, natural, and capital) in different economic systems? Introduce your learners to...

Here you'll find a simple graphic organizer for comparing traditional, market, command, and mixed economies. The worksheet asks learners to note a description for each economic system, including who decides what to produce and how to...

What works better: a planned economy or a market economy? Join the global debate with a Crash Course video about macroeconomics and the differences between economic systems. With quotes from Adam Smith and Karl Marx guiding instruction,...

Here is a well-designed, traditional multiple choice exam that includes 27 questions on concepts ranging from economic systems and corporations to supply and demand and competitive markets.

After taking a look at various economic systems, take an economics quiz. Learners will be challenged as they answer 10 questions regarding market economy, command economy, and economic systems. 

Intermediate English learners read short descriptions of how capitalist and communist systems function and answer the question: "What countries follow this economic system?" Frontload economics vocabulary; some relevant words are...

What better way to learn about different economic systems than to participate in them? An engaging bead game highlights the differences between market, command, and traditional economies. In small groups, 6th graders work through three...

Students research economic systems. In this economy lesson plan, students prepare and deliver a presentation based on their research of the three major types of economic systems. This lesson plan includes 6 activities which are designed...

In this Types of Economic Systems instructional activity, students read then answer questions and provide examples of different economic elements in the U.S. economy.

As an introduction to economics, government classes investigate different types of economic systems (traditional, command, market or capitalist, mixed) to determine answers to basic question about how goods are produced.

Agribusiness, human capital, productivity. Find out what your class members know about economic systems and terminology with this two-page economics worksheet that that asks kids to identify terms and concepts.

Fourth graders investigate and justify the geographic reasons why the colonists settled in the locations they did, and how this led to their economic system using a map of the original thirteen colonies.

Here is an excellent worksheet for analyzing economic systems and comparing those that exist today in such countries as the United States, China, and Cuba. Learners begin by hypothesizing which economic system would provide for greater...

Students discover the Command Economic System, which is found in countries like the Former Soviet Union, North Korea, and China.  Students identify five characteristics unique to the Command Economy.

The class is divided into thirds and each third conducts Internet research on one of the three economic systems. They use an Inspiration template to type in a definition and facts about their assigned economic system. A four-two-one...

How did Tanzania transition from a socialist to a market economic system? This challenging group research project has scholars examining the change through these structural adjustment policies: trade liberalization, privatization, cost...

Students investigate the early years of the Cold War and the origins of containment. Both supporters as well as critics are probed to examine the differences that emerged in the months following the end of the war in Europe. This unit...

Students explain the basic functions of the various economic systems. As a class, they identify the main characteristics of capitalism and the advantages of division of labor and specialization. They describe the relationship between...

In this economics worksheet, students complete 3 graphic organizers about economic systems and activities. Students also define 5 economics terms.

Adam Smith, Karl Marx, and John Maynard Keynes held different beliefs about economic systems that evolved from their predecessors, and then shaped by their countries' economic situations. A video from Crash Course Economics explains the...

From scarcity and supply and demand to entrepreneurship and the stock market, here you'll find a multiple-choice assessment that includes 34 questions covering all the major concepts of a traditional economics course.