Teacher's Notes

Theme:
Economic systems arise in response to chronic problems faced by economic policymakers.

Sub-theme:
Economies have always faced a trade-off between the ideals of economic efficiency and equity.

Concepts:

• political economy
• capitalism
• planned economy
• traditional economy
• laissez-faire

Performance objectives -- this lesson focuses on developing skills at:

• Comparing and contrasting different economic systems
• Analyzing statements reflecting central concerns in each economic system

---

| Reading | Activities | Further Investigations | Economic Studies Index |