Carolina K-12
Practice Test of Economics
From scarcity and supply and demand to entrepreneurship and the stock market, here you'll find a multiple-choice assessment that includes 34 questions covering all the major concepts of a traditional economics course.
Arkansas Economics
The Bead Game
What better way to learn about different economic systems than to participate in them? An engaging bead game highlights the differences between market, command, and traditional economies. In small groups, 6th graders work through three...
Curated OER
Can't You Make Them Behave, King George?
Fifth graders describe the changes in King George III's policy toward the American colonies by sequencing key events between the French and Indian War and the American Revolution. They explain the colonial reactions to command decisions...
Curated OER
Mr. Yamada’s Tips for Success on Current Events Commentary: Macroeconomics
In this economic systems learning exercise, learners read and follow the provided 5 tips to locate, analyze, and discuss macroeconomics current event issues.
Curated OER
Types of Economic Systems
For this Types of Economic Systems worksheet, students read then answer questions and provide examples of different economic elements in the U.S. economy.
Curated OER
Economics Study Guide
In this economics worksheet, learners answer a variety of fill in and short answer questions, draw a diagram to illustrate the circular flow of economic activity, and write short essays to address prompts.
Curated OER
Economics: People as Producers and Consumers
Students examine the dual roles of producers and consumers in people by creating fictional stories that include examples of both. Their stories include descriptions of the tools and skills needed for the jobs of their characters and...
Curated OER
How Economic Systems Developed
Students explain the basic functions of the various economic systems. As a class, they identify the main characteristics of capitalism and the advantages of division of labor and specialization. They describe the relationship between...
Curated OER
Why We Trade: Exchanging Goods and Services
Students conduct simple bartering and trading activities and consider how product value can be altered by the market.
Curated OER
Bead Game Simulation
Students have the opportunity to participate in the three basic economic systems, (market, command, and tradition).
Curated OER
A Command Economic System
Learners discover the Command Economic System, which is found in countries like the Former Soviet Union, North Korea, and China. Students identify five characteristics unique to the Command Economy.
Auburn University
Auburn University: Glossary of Political Economy Terms: Market Economy Defined
This site is a fairly complete explanation of market economy prepared by Dr. Paul Johnson of Auburn University. It also includes hyperlinks to several related topics.