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Capitalism Socialism Communism 5-E Lesson | The Economic Spectrum | Microsoft

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Social Studies Stuff
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Grade Levels
6th - 12th, Homeschool
Standards
Formats Included
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  • Microsoft OneDrive
Pages
55 pages
$6.00
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Description

This lesson examines the concepts of capitalism, socialism & communism to connect economics with the real world. The activities are engaging for students & the guided, 5-E format is easy for you to use! Begin by reviewing types of economies with a “Tale of 2 Cows” warm-up activity. Then, students complete a chart comparing the goals & characteristics of Capitalist, Communist & Socialist societies. Challenge your class to categorize traits typical of each economic system with a “Sorting Hat” practice activity. The observation activity encourages critical thinking skills by exploring where nations fall along the economic spectrum. Your purchase has editable, print & interactive, digital versions of the materials. Made for traditional in-class learning or digital 1:1 classrooms. Everything you need is included!

Includes Microsoft Resources: Digital & Print

  • Guided 5-E PowerPoint Lesson
  • Fill-In Notes
  • Reading Comp Activity
  • Answer Keys
  • Teacher Reference Guide

5-E Guided Lesson:

  1. Engage: “A Tale of 2 Cows” Warm-up Activity
  2. Explore: Vocabulary & Fill-in Comparison Chart
  3. Explain: “The Sorting Hat” Practice Activity
  4. Elaborate: “The Economic Spectrum” Observation Activity
  5. Evaluate: “Overview of Capitalism” Reading Comprehension Activity

Vocabulary:

  • Economic System, Political Ideology, Traditional Economy, Free Enterprise System, Capitalism, Market Economy, Command Economy, Communism, Socialism, Mixed Economy

Aligned with Social Studies Standards: CCSS, TEKS, ELPS & NCSS

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Capitalism Socialism Communism 5-E Lesson | The Economic Spectrum | Google

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Total Pages
55 pages
Answer Key
Included
Teaching Duration
90 minutes
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Standards

to see state-specific standards (only available in the US).
Pose and respond to specific questions with elaboration and detail by making comments that contribute to the topic, text, or issue under discussion.
Cite specific textual evidence to support analysis of primary and secondary sources.
Integrate visual information (e.g., in charts, graphs, photographs, videos, or maps) with other information in print and digital texts.

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