Economic Lesson Plans - Edition II Unit 3
UNIT 3 - EXPLAIN ECONOMICS SYSTEMS IN WHICH MARKETING ACTIVITIES ARE PERFORMED.
- Lesson Plan 7: Business Structures. Compare and contrast the functions and constraints facing economic institutions including small and large businesses, labor unions, banks, and households.
Lesson Plan 8: Circular Flow and the National Economy. Using the concept of circular flow, analyze the roles and the relationships between households, business firms, financial institutions, and government and non-government agencies in the economy of the United States.
Lesson Plan 9: Relationship Between Expenditures and Revenue (Circular Flow). Using the circular flow model, explain how spending on consumption, investment, government and net exports determines national income; explain how a decrease in total expenditures affects the value of a nation's output of final goods and services.
- Lesson Plan 10: Major Economic Systems. Give examples of and analyze the strengths and weaknesses of major economic systems (command, market and mixed), including their philosophical and historical foundations (e.g., Marx and the Communist Manifesto, Adam Smith and the Wealth of Nations). (National Geography Standard 11, p. 206)
- Lesson Plan 11: Developing Nations. Assess how factors such as availability of natural resources, investments in human and physical capital, technical assistance, public attitudes and beliefs, property rights and free trade can affect economic growth in developing nations. (National Geography Standards 1 and 4, pp. 184 and 190)
- Lesson Plan 12: International Organizations and the World Economy. Evaluate the diverse impact of trade policies of the World Trade Organization, World Bank, or International Monetary Fund on developing economies of Africa, Central America, or Asia, and the developed economies of the United States and Western Europe. (National Geography Standard 11, p. 206)
- Lesson Plan 13: Comparing Economic Systems. Using the three basic economic questions (e.g., what to produce, how to produce, and for whom to produce), compare and contrast a socialist (command) economy (such as North Korea or Cuba) with the Capitalist as a mixed, free market system of the United States. (National Geography Standard 11, p. 206)