1. Southwest Asia The Middle East
FSMS
7th Grade Social Studies; Unit 3
Production, Distribution & Consumption
(Economic Systems)
October 6 – 7th; Day 30-31
Georgia Standard SS7G7a.b

2. The Middle East Production, Distribution & Consumption
Standard SS7E5 The student will analyze different economic systems. a. Compare how traditional, command, and market economies answer the economic questions of (1) what to produce, (2) how to produce, and (3) for whom to produce. b. Explain how must countries have a mixed economy located on a continuum between pure market and pure command.

3. FIRST FIVE
Agenda Message: After-school tutoring is Thursday from 4-5p. 10 Question Pop-Quiz on governments Thursday. Monthly Social Studies Progress Report goes home Friday.
Standard: Compare how traditional, command, and market economies answer the three basic economic questions.
E.Q. Wednesday; 10/28/15: What are the three (3) basic economic questions that must be answered by all economies?
Warm Up:
Provide a brief description of the types of government for Israel, Saudi Arabia & Iran.
TODAY WE WILL
Start Economies

4. ANSWERS E.Q. Answer for Wednesday October 28, 2015:
What goods and services will be produced
How will goods and services be produced, &
Who will consume or use the goods and services that are produced.
Warm-Up Answer:
Israel – Parliamentary Democracy
Saudi Arabia – Hereditary Monarchy
Iran – Theocracy (or Theocratic Republic)

5. The Middle East Production, Distribution & Consumption
Why do Nations Need Economic Systems? Every society must deal with providing goods and services for its people. Each society must develop an “economic system” that can help them manage the limited resources of that society.

6. The Middle East Production, Distribution & Consumption
Three basic economic questions must be answered:
What goods and services will be produced?
How will these goods and services be produced?
Who uses, or consumes, the goods and services that are produced?

7. The Middle East Production, Distribution & Consumption
A Traditional Economy In a traditional economy, most economic decisions that are made are based on “custom and on habit” of how such decisions were made in the past. (The word tradition means something that has been passed down in a culture from one generation to the next.)

8. The Middle East Production, Distribution & Consumption
Traditional Economy cont. Many traditional economies are found in rural areas where people depend on members of their extended families and where the work is often subsistence farming, herding animals, or working in simple crafts.

9. The Middle East Production, Distribution & Consumption
Often very little money changes hands in a traditional economy. Bartering, or trading goods and services, replaces money as a way of paying for things people need.
In Southwest Asia, traditional economies can still be found in rural areas of many of the countries of this region.

10. The Middle East Production, Distribution & Consumption
Traditional Economy cont. No modern country today can be described as having a primary traditional economy.

11. The Middle East Production, Distribution & Consumption
A Command Economy A command economy is a more centralized economy, one in which “government planning groups” make most of the basic economic decisions for the workers. A central planning group would decide which goods and services should be produced, as well as prices for the goods and wages paid to the workers.

12. The Middle East Production, Distribution & Consumption
Command Economy cont. No individual could decide to start a new business on his or her own. The government would decide what to produce and who would own the places where the goods were produced. The government would also decide what jobs the workers would do and how and where the goods produced would be sold.

13. FIRST FIVE
Agenda Message: SWA Governments Pop-Quiz is TODAY. After- school tutoring is also TODAY 4-5p. Monthly Social Studies Progress Reports go home Friday.
Standard: Compare how Traditional, Command, and Market economies answer the 3 economic questions.
E.Q. Thursday; 10/29/15: Who answers the three basic economic questions in a Market Economy?
Warm Up: What are the three basic economic questions?
TODAY WE WILL
Government Pop-Quiz
Natural High Videos

14. ANSWERS E.Q. Answer for Thursday October 29, 2015:
Individuals consumers decide what to produce, how to produce and what to buy.
Warm-Up Answer:
What goods and services will be produced
How will goods and services be produced, &
Who will consume or use the goods and services that are produced.

15. The Middle East Production, Distribution & Consumption
A Market Economy The third type of economic system is a market economy, one in which a society’s economic decisions are made by “individuals “ who decide what to produce and what to buy. Other names for a market economy are capitalism, free enterprise, or laissez-faire (a French phrase that means “to allow them to do as they please”). Many countries in Southwest Asia use a market system or free enterprise system.

16. The Middle East Production, Distribution & Consumption
Standard SS7E5 The student will analyze different economic systems. b. Explain how must countries have a mixed economy located on a continuum between pure market and pure command.

17. The Middle East Production, Distribution & Consumption
A Mixed Economy Nearly all modern economies in the world today have characteristics of both market and command economic systems. That is why they are called mixed economies. Traditional economies are very hard to find and could not function effectively for a whole nation. Nearly all countries in Southwest Asia today would be described as mixed economies.

18. FIRST FIVE
Agenda Message: Monthly Social Studies Progress Reports go home TODAY! Return Progress Reports with a parent signature to receive a homework grade of “100”.
Standard: Compare and contrast the economic systems in Israel, Saudi Arabia, Turkey, and Iran.
E.Q. Friday; 10/30/15: Why did Saudi Arabia find it necessary to change its economy?
Warm Up: What type of economy do most modern nations in the world have?
TODAY WE WILL:
Comparative SWA Economies
Review SWA Governments Pop-Quiz
Progress Reports

19. ANSWRS
E.Q. Answer for Friday October 30, 2015: In the 1980’s, realizing that oil wouldn’t last forever, Saudi Arabia saw the need to diversify its economy. Warm-Up: Mixed Market Economy