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Economic Lesson Plans - Edition I Unit 3

Unit 3 - Explain economics systems in which marketing activities are performed.


  • 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)
  • Lesson Plan 14:  Impact of Transitional Economies. Analyze the impact of transitional economies, such as in China and India, on the global economy in general and the American economy in particular. (National Geography Standard 11, p. 206)
  • Lesson Plan 15:   Entrepreneurship. Identify the risks, returns and other characteristics of entrepreneurship that bear on its attractiveness as a career.
  • Lesson Plan 16:  Income. Describe how individuals and businesses earn income by selling productive resources.


Unit 1 - Economic Concepts

Unit 2 - Nature of Business

Unit 3 - Economic Systems 

Unit 4 - Impact of Government

Unit 5 - Analyze   Cost/Relationships 

Unit 6 - Economic Indicators  

Unit 7 - Global Trade 

Unit 8 - Personal Finance
Resource Binder Edition I