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Standard PBL I can: Cite evidence from a different texts Standard Standard
6. E3.3.1. Explain and compare to back up my reasoning. E3.1.2 Use the circular flow of E. 2.3.1 Describe the role of
how economic systems economic activity to diagram or map government within the economy.
(traditional, market, command) Do Now Grab the sheet from the front the flow of materials, labor, and capital
answer the three basic economic of the room and wait for your paper to be into a manufactured consumer goods I can:
questions. passed back. sold in the market place. Describe the role of government within
the economy.
I can: Show my knowledge of the ML Go over the reflection for the paper I can: Diagram the circular flow model
three economic systems by expectations. Model how to complete it. and learn the vocabulary that is Do Now Write down the population!
performing my skit, deciding Give them a few minutes to complete it. included in it.
what skit is what, and rocking my ML Write one way you think the
quiz. GP Pass out the worksheets and articles Do Now Write down one good that government is involved in the
for students to pull research from. you used today, and one service that economy? Discuss students answers
Do Now Take out your Venn Explain expectations. you have used in the past week. talk about the three different economic
Diagram for your homework and systems, and talk about which one has
get in your groups for your IP- Students complete this on their own ML Go over the goods and services no government involved Market.
presentations. that the students wrote down. Put the Discuss how there is no sure thing as a
Conferring Pull small groups. words consumer and producer on the pure market economy because the
ML Explain expectations of how board, discuss what they mean. Then, government needs to step in somehow.
they need to act when they are put the word wages and salaries on the Explain what the word regulation
watching each others skits. Share board. Discuss what they mean. means, put into notebook.
out performances.
GP Have students take out three states what may or may not be done or
GP Students share out their different colors they can use colored how something must be done.
skits and take the quiz. pencils also. Walk them through the
circular flow model and how it works GP Pass out page 11 in lesson 2
IP- Students take the quiz to and how it flows. Have them use What Can Happen in a Pure Market
show their knowledge. different colors based on my master Economy? Have students work with a
that I have made. Show students the partner to fill out the first two columns.
Closure How do you think you video that MAISA provided the first Model how to by doing the first row.
did on the quiz? link in the materials provided section. Then, after some time, allow the two to
What is a command economy? Have students take notes while they partner up with another two and pass
What is a market economy? watch - 2 things they learned and one out the worksheet Role of Government.
How did you know that that skit question. Have students read that worksheet and
was a command determine how the US government
economy/market, traditional? IP- Have students close their would prevent things from happening.
notebooks and draw what they think
the flow looks like on their own. Have Conferring Walk around the room and
them then turn and talk and explain ask questions about what they think the
their drawing to their shoulder government would do? Why is this a
partner. bad thing? Should this be regulated?
Materials Needed: Materials Needed: Materials Needed: Materials Needed: Materials Needed:
Jeopardy Econ TEST
IP- Jeopardy!