1. Economic Systems Simulation
Understand the values of the three economic systems: traditional, command, and market
Evaluate the strengths, weaknesses, and incentives relating to each economic system
Evaluate the desired personality traits of people within different economic systems

2. To Begin… How does an economic system impact your life? Watch:

3. Economic Systems Game Working within all 3 simulated economic systems
3 five minute rounds…follow each stations directions…keeping score (tallied in between rounds)
Follow the roles within each group’s directions
Products:
Rings ($2), bracelets ($5), necklace ($10)
FOLLOW SEQUENCES!!!

4. Reflection
How are people’s lives touched or affected by their economic system?
Strength/weakness for each?
Which system provides a better opportunity for a higher standard of living? Why?
What are the most desired personality traits of each economic system?
Which economic system is the best? Use all the information we have learned so far…