1. Step 3 – Turn to p. 91 and add an explanation of Command Economy to your web. Economic Systems Market Econom y Command Economy 1. Explanation 2. Characteristics2. Summary

2. Step 4 – Add two bubbles to your web, one for characteristics and one for summary. Economic Systems Market Econom y Command Economy 1. Explanation 3. Characteristics 2. Summary

3. Command Economy Summary  All products, businesses, and money is controlled by the GOVERNMENT. Task  Flip to your notes page Write three products and businesses you supported or used today after you woke up. –Ex. I used Crest toothpaste, I watched a Samsung TV, and I used gas from Exxon-Mobil to get here.

4. Characteristics 1. GOVERNMENT owns all land. Eli – Lives in Cuba “No way.” Property of the Cuban Government “You must live here.

5. Characteristics 1.GOVERNMENT owns all land. 2.GOVERNMENT chooses your job. Eli – Lives in Cuba “Sorry pal.” “You must work here.

6. Eli – Lives in Cuba Characteristics 1.GOVERNMENT owns all land. 2.GOVERNMENT chooses your job. 3.GOVERNMENT owns all businesses. “How many times do I gotta tell you no.” “No privately owned businesses. Get in the food lines.

7. Step 5 – Effects of Command Economy Economic Systems Market Econom y Command Economy 1. Explanation 3. Characteristics 2. Summary 4. Effects

8. Eli – Lives in Cuba Command Economy Effects Very few rich people, many poor people Economy doesn’t grow And they’re crazy if they think I’m working hard as a farmer. Since I’m in the government, my friends and I are rich. But I’m not. They barely pay me.

9. Project Decision Projects are not going to be graded, instead every kid will receive a 65%. The teachers are meeting after school to discuss this decision. Write your answer to the questions on the next slide and I will take your responses to the meeting. Put these answers in your notebook under the Command Economy notes section, not on your Web.

10. Project Decision Projects are not going to be graded, instead every kid will receive a 65%. Put these answers in your notebook under the Command Economy notes section, not on your Web. 1. Answer the question below that fits you… If you turned in a project, how do you feel about this new policy? If you did not turn in a project, how do you feel about this new policy? 2. How will this effect your work in the future? 3. How is this like a command economy?

11. US 2012 The election is over and the new US President is a member of the Communist Party. Thus, the US economic system switched from a Market Economy to a Command Economy. Use the official US economics paper to complete the following activities: –Divide your paper into 4 sections. –Sketch 3 pictures that show how your life would be different if this happened in 2012. –Include a caption underneath each picture explaining what is happening. Have one picture for each characteristic and effect of a command economy. –In the fourth box, complete the following statement: I support/do not support this switch in policy because…

12. Switch from a market economy to a command economy. Directions: - How would your life be different if the US switched to a command economy? (3 pictures, 3 captions) - Complete the statement below in box #4 Picture 1 Caption Picture 2 Caption Picture 3 Caption Statement: I support/do not support this change in economic policy because…

13. Country Analysis Background: Government controls all land. Government chooses your job. Analysis: ___________ is their political system. Examples: Background: People and their demand controls the economy. People can pick their own jobs and work hard for profits. Analysis: __________ is their political system. Examples:

14. Closure: 1) Question of the Day. 2) Which economic system will your Island Country have? - Explain why you made your choice.

15. Notebook setup Turn to the NOTES portion of your notebook right before (or after) your Web that we created earlier. Leave some space after the point where you left off. Title today’s notes COMMAND ECONOMY. Economics -Econ definition -Economic systems Market Economy Notes Command Economy (put today’s notes here)