Carolina K-12
Comparing Economic Systems
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...
Curated OER
Identifying Economic Systems
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 instructional activity.
Arkansas Economics
The Bead Game
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...
Curated OER
An Introduction to Modern Economics
Practice reading comprehension with this informational economics worksheet. Learners read a 2-page explanation of the beginnings of modern economics and how it plays a role in society. This reading discusses natural, human and capital...
Curated OER
Can't You Make Them Behave, King George?
Fifth graders describe the changes in King George III's policy toward the American colonies by sequencing key events between the French and Indian War and the American Revolution. They explain the colonial reactions to command decisions...
Curated OER
Tiananmen Square
Students identify and explain the Tiananmen Square incident of June 1989.
Studentsl compare what it is to be an American Citizen (Democracy) vs.
Chinese Citizen (Communism). Students identify and define various vocabulary terms,...
Curated OER
Types of Economic Systems
In this Types of Economic Systems learning exercise, students read then answer questions and provide examples of different economic elements in the U.S. economy.
Curated OER
Economics Study Guide
In this economics worksheet, students answer a variety of fill in and short answer questions, draw a diagram to illustrate the circular flow of economic activity, and write short essays to address prompts.
Curated OER
A Command Economic System
Learners 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.
Other
Federal Reserve Bank of Boston: The Economics of Pro Team Sports
Great interactive baseball game that combines your knowledge of economics and pro sports trivia. After completing the nine innings, you should have a better understanding of how economics is used in everyday life.
iCivics
I Civics: Government & the Economy
Students learn how government and the economy are related and the difference between market, command, and mixed economies.
George Mason University
Marxist Origins of Communism
This site shows the reasons for Karl Marx's belief in a command economy, and contrasts Marx's views from other philosophers such as Locke and Voltaire.
Wikimedia
Wikipedia: Planned Economy
Wikipedia offers detailed information on a planned economy, including support, objections, planned economy and socialism, transition from planned to market economy, and related articles.
Council for Economic Education
Econ Ed Link: Nothing to Buy
This site is a printable lesson 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 also...
Practical Money Skills
Practical Money Skills: Market Economy
In a market economy, the principles of supply and demand determine what is produced, how it is produced, and by whom it is produced and consumed. Learn how planned economies and mixed economies differ.
PBS
Pbs: Russia's Conversion From Communism to Capitalism
A case that examines Russia's real-world struggles of converting from a command to market economy. Asks students to consider the pros and cons of both market systems and to formulate explanations for the large gap between the country's...