Lifting the Standard of Living: Capitalism and the Free Market

In this lesson plan, students will be introduced to different economic systems. Through collaborative learning, students will explore economic system scenarios and complete a written response to show their understanding of the various economic systems, and which one provides the best opportunity for economic prosperity.
Resource ID#: 205516 Type: Lesson Plan
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General Information

Subject(s): Social Studies
Grade Level(s): 7
Intended Audience: Educators educators
Suggested Technology: Computer for Presenter, Interactive Whiteboard, Microsoft Office
Instructional Time: 45 Minute(s)
Keywords: civics, economics, lesson plan, economic system, standard of living, capitalism, free market, socialism, communism, Adam Smith, Karl Marx, prosperity, economy
Instructional Component Type(s): Lesson Plan,  Worksheet,  Presentation/Slideshow,  Image/Photograph,  Formative Assessment
Instructional Design Framework(s): Direct Instruction
Resource Collection: Integrated Social Studies with Civics Teacher Resources - Grades 6-12

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