step 3 – turn to p. 91 and add an explanation of command economy to your web
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1. Explanation. 1. Explanation. 2. Characteristics. 2. Summary. Command Economy. Step 3 – Turn to p. 91 and add an explanation of Command Economy to your web. Market Economy. Economic Systems. 1. Explanation. 1. Explanation. 3. Characteristics. 3. Characteristics. 2. Summary. - PowerPoint PPT PresentationTRANSCRIPT
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
1. Explanation
2. Characteristics
2. Summary
Step 4 – Add two bubbles to your web, one for characteristics and one for summary.
Economic Systems
Market Econom
y
Command Economy
1. Explanation
1. Explanation3. Characteristics
3. Characteristics
2. Summary
2. Summary
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.
• Characteristics1. GOVERNMENT owns all land.
Eli – Lives in Cuba
“No way.”
Property of the Cuban
Government
“You must live here.
• Characteristics1.GOVERNMENT owns all land. 2.GOVERNMENT chooses your job.
Eli – Lives in Cuba
“Sorry pal.”
“You must work here.
Eli – Lives in Cuba
• Characteristics1. 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.
Step 5 – Effects of Command Economy
Economic Systems
Market Econom
y
Command Economy
1. Explanation
1. Explanation3. Characteristics
3. Characteristics
2. Summary
2. Summary
4. Effects
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.
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.
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?
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…
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…
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:
Closure:
1) Question of the Day.
2) Which economic system will your Island Country have?
- Explain why you made your choice.
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)