Economics Notes
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  • The World and Its People, p. 162, The McGraw-Hill Companies, 2005 Government involvement in the economy.
  • 6 th Grade- This information is meant to be used in conjunction with the 6 th and 7 th grade Teacher Notes. For additional resources, go to GeorgiaStandards.org. (Note: This is not an expectation for students to memorize numbers, but to understand that factors that influence specific countries to move more towards a command or market economy). The numbering system is based on The Heritage Foundation’s Economic Freedom Index 2009 The Heritage Foundation is a conservative organization that has partnered with the Wall Street Journal for over a decade to evaluate each country based on a set of 10 criteria to determine economic freedom. Update information using resources listed in the Teacher Notes.
  • 6 th Grade- This information is meant to be used in conjunction with the 6 th and 7 th grade Teacher Notes. For additional resources, go to GeorgiaStandards.org. (Note: This is not an expectation for students to memorize numbers, but to understand that factors that influence specific countries to move more towards a command or market economy). The numbering system is based on The Heritage Foundation’s Economic Freedom Index 2009 The Heritage Foundation is a conservative organization that has partnered with the Wall Street Journal for over a decade to evaluate each country based on a set of 10 criteria to determine economic freedom. Update information using resources listed in the Teacher Notes.
  • 6 th Grade- This information is meant to be used in conjunction with the 6 th and 7 th grade Teacher Notes. For additional resources, go to GeorgiaStandards.org. (Note: This is not an expectation for students to memorize numbers, but to understand that factors that influence specific countries to move more towards a command or market economy). The numbering system is based on The Heritage Foundation’s Economic Freedom Index 2009 The Heritage Foundation is a conservative organization that has partnered with the Wall Street Journal for over a decade to evaluate each country based on a set of 10 criteria to determine economic freedom. Update information using resources listed in the Teacher Notes.

Economics Notes Economics Notes Presentation Transcript

  • Note to Teachers
    • This information is meant to be used in conjunction with the 6 th and 7 th grade Teacher Notes. For additional resources, go to GeorgiaStandards.org. (Note: This is not an expectation for students to memorize numbers, but to understand that factors that influence specific countries to move more towards a command or market economy). The numbering system is based on The Heritage Foundation’s Economic Freedom Index 2009 The Heritage Foundation is a conservative organization that has partnered with the Wall Street Journal for over a decade to evaluate each country based on a set of 10 criteria to determine economic freedom. Update information using resources listed in the Teacher Notes.
  • Economics
    • How many basic types of economic systems are there?
    • Name the economic systems.
    • Which economic system do most textbooks say is the most common throughout the world?
  • Economics
    • How many basic types of economic systems are there? 3
    • Name the economic systems. Traditional, Command, Market
    • Which economic system do most textbooks say is the most common throughout the world? Mixed. The GCEE states that mixed is not an economic system but rather a blending of two different types of systems.
  • Economic Systems
    • Pure
    • Market
    Pure Command
  • Oh Canada!
    • Canada’s national and provincial governments provide health care for all citizens.
    • Broadcasting, transportation, and electric power are heavily regulated. These public services might not have been available in Canada’s remote area without government support.
    • The Grand Banks, one of the best fishing grounds in the world, is now regulated by the government because of overfishing.
  • Economic Systems
    • Pure
    • Market
    • Russia
    • 51%
    • Germany
    • 71%
    • United Kingdom
    • 79%
    Pure Command
  • Economic Systems
    • Pure
    • Market
    • Cuba
    • 28%
    • Brazil
    • 57%
    • Canada
    • 81%
    Pure Command
  • Economic Systems
    • Pure
    • Market
    • Australia
    • 83%
    Pure Command