Types of Economies

For teaching types of Economic Systems, I have been using the following activity. First, we start off discussing what an Economic System is, what are the characteristics of our current system. Then, I use my Prezi to discuss the different types. From there, the students get into groups, obviously, and have the task to create schools based on the three types of Economic Systems. They create a traditional, market, and command economy school. I have them first think of what questions need to be answered to run a school, and then decide how they would answer them for each type of school. The groups then present their schools to the class.