1. Essential question: Why do we have economies? How are different economies organized? GT Government, 9/26 & 29/14 Objectives: Compare economic systems. Homework: EQA comparison. Finish test review and study. Test Tues (A)/Wed (B) 3 good things Warm-up: HAVE OUT A PENCIL AND YOUR NOTES ON CH 23 S 1, 2, 3 …

2. Pd 1A: READING QUIZ!!!! Ch 23 S 1, 2, 3 When you are finished: A test / scantrons on LEFT B test / scantrons on RIGHT Essential question: Why do we have economies? How are different economies organized?

3. Economy Game - Do not eat candy. If you eat the candy you are out for the rest of the period. Play Rock Paper Scissors. For each play, loser gives up a candy to the winner. When you have no more candy, stay where you are but stop playing. If you lose your partner, find another and continue play. Essential question: Why do we have economies? How are different economies organized?

4. Discuss/take notes: How did you feel at the start of the game? How did you feel if you ran out of candy and hand to sit down? What tactics could you have used to get back in the game? Was the game fair? What could the teacher have done to make it fairer … and should I? Essential question: Why do we have economies? How are different economies organized?

5. Analogy: Marx’s Theory of Capitalism Students start with their own candy Students play each other at game Results: a few win; most lose … and complaints about fairness? Private ownership of property/business Ability to compete freely Results: unequal economic classes … and workers’ revolt? Essential question: Why do we have economies? How are different economies organized?

6. Economy Game Turn in ALL of your candy. How do you feel now? Was the action fair? As what/whom was the teacher acting? Essential question: Why do we have economies? How are different economies organized?

7. Analogy: Marx’s Theory of Capitalism Teacher collected candy. Teacher distributed an equal amount of candy to each person. Result: students all have the same amount of candy. Government ownership of property/industry Goal is to bring economic equality. Result: classless society. Essential question: Why do we have economies? How are different economies organized?

8. Who would like to play another round? Why? Why not?

9. Students don’t want to play anymore – effectively sharing the candy. Teacher doesn’t have to supervise; students have chosen the result. Classless society achieved – wealth is shared throughout society. No government is needed! The state “withers away.” Essential question: Why do we have economies? How are different economies organized? Analogy: Marx’s Theory of Capitalism

10. In reality – someone always wants to play again! And then what happens? Marx said the communist revolution had to be worldwide. If no, capitalist countries would compete and undermine communist systems. Essential question: Why do we have economies? How are different economies organized? Analogy: Marx’s Theory of Capitalism

11. CHECK YOUR ANSWERS ON THE MIXED ECONOMIES HANDOUT! Essential question: Why do we have economies? How are different economies organized?

12. HOW DO T/C/M RELATE TO S/C/C?? Place socialism, communism and capitalism on the continuum below. Explain why you placed the systems where you did. COM SOC CAP LF Cap  -------------------------------------------------------------------  Command Market Essential question: Why do we have economies? How are different economies organized?

13. For the “Characteristics” column, consider: – How does the system originate? – Who decides what, how and for whom to produce? – Who owns property (businesses, land)? – How is social welfare (heath, education, etc) provided? – Other items from the reading For the Advantages/Disadvantages column, use information from the reading AND the reading “Two Views” (on reverse). Essential question: Why do we have economies? How are different economies organized?

14. TEST PREP Kinds of Govt quiz – review it at home! At home, read the model and your EQA and complete the handout. FINISH REVIEW!! Essential question: Why do we have economies? How are different economies organized?