Note to Teachers <ul><li>This information is meant to be used in conjunction with the 6 th  and 7 th  grade Teacher Notes....
Economics <ul><li>How many basic types of economic systems are there?   </li></ul><ul><li>Name the economic systems.   </l...
Economics <ul><li>How many basic types of economic systems are there?   3 </li></ul><ul><li>Name the economic systems.   T...
Economic Systems <ul><li>Pure </li></ul><ul><li>Market </li></ul>Pure Command
Oh Canada! <ul><li>Canada’s national and provincial governments provide health care for all citizens. </li></ul><ul><li>Br...
Economic  Systems <ul><li>Pure </li></ul><ul><li>Market </li></ul><ul><li>Russia </li></ul><ul><li>51% </li></ul><ul><li>G...
Economic  Systems <ul><li>Pure </li></ul><ul><li>Market </li></ul><ul><li>Cuba </li></ul><ul><li>28% </li></ul><ul><li>Bra...
Economic  Systems <ul><li>Pure </li></ul><ul><li>Market </li></ul><ul><li>Australia </li></ul><ul><li>83% </li></ul>Pure C...
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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

    1. 1. Note to Teachers <ul><li>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. </li></ul>
    2. 2. Economics <ul><li>How many basic types of economic systems are there? </li></ul><ul><li>Name the economic systems. </li></ul><ul><li>Which economic system do most textbooks say is the most common throughout the world? </li></ul>
    3. 3. Economics <ul><li>How many basic types of economic systems are there? 3 </li></ul><ul><li>Name the economic systems. Traditional, Command, Market </li></ul><ul><li>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. </li></ul>
    4. 4. Economic Systems <ul><li>Pure </li></ul><ul><li>Market </li></ul>Pure Command
    5. 5. Oh Canada! <ul><li>Canada’s national and provincial governments provide health care for all citizens. </li></ul><ul><li>Broadcasting, transportation, and electric power are heavily regulated. These public services might not have been available in Canada’s remote area without government support. </li></ul><ul><li>The Grand Banks, one of the best fishing grounds in the world, is now regulated by the government because of overfishing. </li></ul>
    6. 6. Economic Systems <ul><li>Pure </li></ul><ul><li>Market </li></ul><ul><li>Russia </li></ul><ul><li>51% </li></ul><ul><li>Germany </li></ul><ul><li>71% </li></ul><ul><li>United Kingdom </li></ul><ul><li>79% </li></ul>Pure Command
    7. 7. Economic Systems <ul><li>Pure </li></ul><ul><li>Market </li></ul><ul><li>Cuba </li></ul><ul><li>28% </li></ul><ul><li>Brazil </li></ul><ul><li>57% </li></ul><ul><li>Canada </li></ul><ul><li>81% </li></ul>Pure Command
    8. 8. Economic Systems <ul><li>Pure </li></ul><ul><li>Market </li></ul><ul><li>Australia </li></ul><ul><li>83% </li></ul>Pure Command

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