The Economic Way of Thinking · Fundamentals of Economics
Economic Systems
Comparing how different societies answer the three basic economic questions of what, how, and for whom to produce.
Key Questions
- 1How does the distribution of power affect resource allocation?
- 2What incentives are driving this behavior in a command versus market system?
- 3What trade-offs does a mixed economy create for its citizens?
Ontario Curriculum Expectations
ON: Economic Decision Making - Grade 11ON: Economic Stakeholders - Grade 11
Grade: Grade 11
Subject: Economics
Unit: The Economic Way of Thinking
Period: Fundamentals of Economics
Suggested Methodologies
Ready to teach this topic?
Generate a complete, classroom-ready active learning mission in seconds.