Lesson Plan: Economics - Economic Systems
Title: "Economic Systems"

Designed for Grades: 11-12

Estimated Time: 50 minutes

National Standards: Complies with NBEA Economics 2023 Standard II.1: Explain why societies develop economic systems, identify the basic features of different economic systems, and analyze the U.S. economic system’s major features.


●        II.1.1. Identify why scarcity necessitates an economic system.

●        II.1.2. Describe the characteristics of a market system (e.g., profit, competitive markets, and private ownership of property).


●       Whiteboard or Smart Board

●       Opportunity Costs for a Healthy Economy handouts

●       Quiz (handout)

●       Student Laptops with internet access

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