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How do the countries of the United Kingdom, Germany, and Russia answer basic economic questions? Standard: SS6E7c. Compare the basic types of economic.

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Presentation on theme: "How do the countries of the United Kingdom, Germany, and Russia answer basic economic questions? Standard: SS6E7c. Compare the basic types of economic."— Presentation transcript:

1 How do the countries of the United Kingdom, Germany, and Russia answer basic economic questions?
Standard: SS6E7c. Compare the basic types of economic systems found in the United Kingdom, Germany, and Russia. SS6E7a. Compare how traditional, command, and market economies answer the economic questions of (1) what to produce (2) how to produce (3) for whom to produce SS6E7b. Explain how most countries have a mixed economy located on a continuum between pure market and pure command. Instructional Approach(s): The teacher should introduce the essential question and the standards that align to the essential question.

2 Europe Economic Systems Continuum Activity
Instructional Approach(s): Have students complete the economic continuum activity in which they use information about countries to determine where the country falls on the economic continuum. The students then guess which European country the information describes. Discuss the activity with the students. After giving students a chance to predict the information, give them the graphic organizer to complete using the information from the activity or use the following slides to ensure students get the correct information from the activity. The continuum activity can be done individually or in small groups.

3 Use the Economic Systems of Europe Graphic Organizer to record your information
Instructional Approach(s): The teacher should give each student a copy of the Economic Systems of Europe Graphic Organizer [linked on the curriculum map] to record important information during the lesson.

4 United Kingdom’s Mixed Market Economy
Service industries like banking, insurance, and business services account for most of the UK’s gross domestic product Over the decades, the government has turned over many state-owned companies to private ownership setting up free market competition In short, the United Kingdom has a mixed market economy because some of its economy is driven by producers, consumers, and markets while other aspects of its economy are controlled by the government Instructional Approach(s): The teacher should present the information on the slide while the students summarize the information on their graphic organizer.

5 Germany’s Mixed Market Economy
An export-based economy focused on manufacturing and products [relies on global markets] There is also still an issue with updating the Eastern German economy to compete and operate equally with Western Germany [Western Germany invests money in Eastern German states to help modernize and update factories and production lines. West Germany had to bring East Germany’s command economy into its market economy] Germany’s economy combines a market system, some government control, and even social welfare where help is given to the poor Instructional Approach(s): The teacher should present the information on the slide while the students summarize the information on their graphic organizer. The teacher should use this time to review the history standards about the reunification of Germany and the collapse of the Soviet Union.

6 Russia’s Mixed Market Economy
Russia has struggled as it transitions from a command economy under the Soviet Union to a mixed market economy today Many government-owned companies are being sold to private businesses, but the Russian government is still largely involved with many aspects of the economy Russia faces financial problems and huge costs to improve its old plants and industries to be more efficient Instructional Approach(s): The teacher should present the information on the slide while the students summarize the information on their graphic organizer.

7 Answer the question on the bottom of your graphic organizer.
Think, Pair, Share: Instructional Approach(s): Think: Give the students 1 minute or less to answer the question at the bottom of their graphic organizer. Pair: Have students get with a partner to discuss their answers. Share: The teacher should ask for volunteers or call on students to share their answer. Click to the next slide to discuss the answer. Answer the question on the bottom of your graphic organizer.

8 Explain why the United Kingdom and Germany are closer to the market side of the continuum even though all three countries are identified as a mixed market economy. The economic continuum is based on government control. More government control means the closer a country is to a command economy. Less government control means the closer a country is to a market economy. Instructional Approach(s): There is more government control of the economy in Russia than in Germany or the United Kingdom; therefore, Russia lies closer to the command side of the continuum.

9 Economic Systems of Europe Summarizer
Instructional Approach(s): Each student should complete the summarizer. The teacher should use the summarizer to determine the level of student mastery and if differentiation is needed.


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