• Compare and contrast command and market systems X.
• Describe the characteristics of a market system.X
• Examine how scarcity requires people to make decisions that involve trade-offs and opportunity costs.X
• Debate which economic system is most effective.X
• Diagram or map the movement of a consumer product from where it is manufactured to where it is sold to
Standard 4...
#2 Compare and contrast command and market systems. Capitalism and Communism Videos
p. 342 soviet Union in World Culture and Geography and p.353 Eastern Europe under Communism
How did Stalin control people and the economy in the Soviet Union?
US resources p.75 speak to the components of any economic system starts with resources.
p.351 Easter Europe Communism, transitions into free market which is in p.357
Then study the European Union p. 367
#1 basic economic videos
Cuba today p.215
2
Characteristics of Capitalism
1. lots of freedom - choose jobs, choose employees, -competition
choose what you buy
2. Money- cash/coins, used to buy resources, protected by bank, loaned by bank (homes/cars/business)-self interest
Characteristics of Communism
1. little freedom- job chosen for you, can't say bad things about government, you get what you stand in line for
2. little motivation- no competition, no material rewards
Standard 4...• Define the components of an economic system.X
• Compare and contrast command and market systems X.
• Describe the characteristics of a market system.X
• Examine how scarcity requires people to make decisions that involve trade-offs and opportunity costs.X
• Debate which economic system is most effective.X
• Diagram or map the movement of a consumer product from where it is manufactured to where it is sold to
#2 Compare and contrast command and market systems.
Capitalism and Communism Videos
p. 342 soviet Union in World Culture and Geography and p.353 Eastern Europe under Communism
How did Stalin control people and the economy in the Soviet Union?
US resources p.75 speak to the components of any economic system starts with resources.
p.351 Easter Europe Communism, transitions into free market which is in p.357
Then study the European Union p. 367
Wonders of the World Glogster
#1
basic economic videos
Cuba today p.215
2
Characteristics of Capitalism
1. lots of freedom - choose jobs, choose employees, -competition
choose what you buy
2. Money- cash/coins, used to buy resources, protected by bank, loaned by bank (homes/cars/business)-self interest
Characteristics of Communism
1. little freedom- job chosen for you, can't say bad things about government, you get what you stand in line for
2. little motivation- no competition, no material rewards
Borrowing money youtube video
3 characteristics of a market system
Natural Resources p114
6• Diagram or map the movement of a consumer product from where it is manufactured to where it is sold to
Economic Systems p74
KCP manufacturing map website
Prezi goes into what Supply in economics means
living in an interconnected world
further reading on globalization Friedman
Globalization videos