In this lesson learners learn decision making skills that will help them become better consumers. As consumers they have a variety of alternatives from which to choose. They learn about the importance of price information in making their...

Students research the economic systems of a communist country and a third-world country and compare them to the US, guided by questions and using information from the CIA World Factbook website.

Students will define opportunity cost as they list various career choices and salaries, and calculate future value of money.

This site is a printable lesson plan that compares the command economy of Soviet Russia with the market economy of present day Russia. Lesson provides tables with data comparing prices within the two systems. Discussion questions are...