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This is a good resource for students to refer to when they are comparing how each government system treats their economy. Students will need this as a reference for when they are comparing and contrasting each government system as well as how they treat their economies. This also allows students to compare their economic equity, security, and etc.

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This video is a great tool to teach students the importance of price stability and how it impacts the way we live as consumers. This would be a great tool to put in an extra material folder in Google Classroom.

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This is a quick read for students to deeper their understanding of economic freedom. This is a great way for students to gather more information about this topic and ask themselves compelling questions. This would also be in Google Classroom in a folder for extra resources.

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International Committee of the Red Cross

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The ICRC defines economic security as the ability of individuals, households or communities to cover their essential needs sustainably and with dignity. This can vary according to an individual's physical needs, the environment and prevailing cultural standards. Food, basic shelter, clothing and hygiene qualify as essential needs, as does the related expenditure; the essential assets needed to earn a living, and the costs associated with health care and education also qualify.

The ICRC's Economic Security (EcoSec) Unit, which is part of the Assistance Division, seeks to establish if people affected by different kinds of crisis and conflict can cover their essential needs sustainably. If they cannot do so, EcoSec steps in to help protect lives and restore livelihoods.

EcoSec concentrates on restoring one or several of what are known as "key livelihood outcomes." These are:

1. Food consumption: What are people eating? Does their diet cover their nutritional requirements?

2. Food production: Are people able to hunt, fish, produce food or forage as they normally would?

3. Income: Do people earn or obtain enough money to cover their basic expenses?

4. Living conditions: Are people protected against bad weather? Do they have the means to cook food? Can they maintain basic standards of hygiene?

5. Capacity: Can the government, civil society, National Red Cross or Red Crescent Societies and others help meet people's economic security needs?

EcoSec addresses these matters through:

Relief activities: These are implemented quickly and efficiently with a view to saving lives and protecting livelihoods at immediate risk. Examples include distributing food and essential household items.

Livelihood-support activities: These are designed to bolster livelihoods sustainably. Examples include microeconomic initiatives, cash transfers and distributing farming tools or seed - along with training.

Capacity-building activities: These aim to build up the capacities of important local institutions so that people affected by crisis or conflict can benefit from improved services. Such activities are often combined with livelihood-support programmes for maximum impact. For instance, EcoSec works with veterinarians to organize campaigns to vaccinate people's livestock in conflict-affected areas.

EcoSec strives to be as accountable as possible to the people we help. They come first. We make sure that they are well informed, their needs met and their voices heard. In addition, needs assessments and rigorous monitoring and evaluation ensure that our programmes continue to provide pertinent and ever better aid.
EcoSec staff are experts in livelihood analysis, nutrition, agronomy and agricultural economics, veterinary science, livestock production and management, and financial management.

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The ICRC defines economic security as the ability of individuals, households or communities to cover their essential needs sustainably and with dignity. This can vary according to an individual's physical needs, the environment and prevailing cultural standards.

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This short video explains the importance of economic freedom. This is one of the social economic goals that students will learn about and this short video does a wonderful job on explaining Economic Freedom rather quickly. This is a great resource to use to give students more information about the topic. This will go into a folder labeled as "extra resources" for students to go into and do a deeper dive on various subtopics of the standard.

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2021 Index of Economic Freedom Intro Clip

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This is a real life example of how the global economy is doing. This is specifically for economic growth, which is one of the social economic goals that my students will explore, and is a great resource to show a decline in growth globally. I would get students to look at this resource and write a paragraph on what they learned from this infographic. I believe that it is good for students to see real examples of what is happening globally so they are aware, and they need to learn how to read these resources and interpret them in their own ways.

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This resource is great for students to read about the various social and economic goals. It will then require students to use their reading comprehension skills to determine what social and economic goals each "politician" is pushing in their speeches. This is a great way for students to see what each of these goals mean in real time versus just reading and comprehending definitions.

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Beginner

Economic policies are created for to achieve certain goals. Broadly speaking, economic systems strive to achieve some combination of these seven goals:

Economic Freedom: the degree to which producers and consumers can make their own choices in the market place

Economic Equity: the degree to which opportunities to succeed are equal for everyone OR the degree to which everyone has an equal share of select goods, services, or resources

Economic Security: the degree to which certain goods and services (usually employment/income, healthcare, and housing) are guaranteed to citizens by the government

Economic Growth: the degree to which the overall production of goods and services in the economy is increasing (real GDP)

Economic Efficiency: the degree to which productive resources are being used in the best possible method given the demand for goods and services

Price Stability: the degree to which price changes are predictable and moderate

Full Employment: the degree to which individuals who are able and willing to work can find jobs even when not guaranteed

Economic Sustainability: the degree to which economic growth can be replicated and maintained in the long run given the environmental, financial, technological, and societal limitations of the country

It is important to recognize that certain goals are in direct conflict with each other (freedom and security) and others are difficult to achieve simultaneously (equity and growth). In these cases, economic systems must prioritize goals. The process of prioritizing goals is typically the source of many political controversies.

Intermediate

A nation's economic system indicates which goals are prioritized. Market economies tend to favor economic freedom, efficiency and growth (with full employment being a desirable side effect of these choices). Since free markets encourage competition and negotiation, other goals like equity, security, price stability and economic sustainability are sometimes sacrificed.

While all economic goals may require some government intervention some of the time, equity, security, stability, and even sustainability often require more attention. These goals tend to be more in line with command economy policies, even if they are not actually achieved in those economies.

Advanced

Priorities can change over time, sometimes quickly. Cuba, for example, in the 1940s and part of the 1950s, yielded great economic freedom and had a large wealth gap. Within two years of Castro's takeover, however, farmland across the country had been redistributed; the national tourism office had been taken over; and rents and home prices were controlled by the government. This indicated a severe shift in priorities, from freedom to equity and security. Not all priority shifts are so drastic. In the United States, there are perennial debates over minimum wage laws, government regulations, environmental concerns, banking and investment practices, and the overall role of government in the economy. Each of these issues has one of the economic goals at its core, and every election can shift local, state and national priorities.

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Econ Express Fundamentals | Concept 10: Economic and Social Goals

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Overview: Which economic system is "better?" The answer depends on what the goals of a society are. In this lesson, you will learn about a variety of goals and how different systems prioritize those goals.

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This activity is provided by the Atlanta FED and goes with the Infographic that is provided. This can be posted in Google Classroom with the Infographic for students to complete the activity while looking at the provided resource. Allowing students to do an activity like this ensures that students are using the Infographic, as well as, teaching students how to properly use an infographic. This also allows students to research real examples of countries who use these economic systems.

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The Atlanta FED is a wonderful resource and they provide FREE infographics to teachers to hang in their classrooms. I have this infographic and hang it up when I teach this lesson. This, however, is great to post in Google Classroom so students can access it whenever necessary. It asks compelling questions that open discussion.

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This is a great tool to post in Google Classroom for students to quiz themselves. It is an online gaming platform and my students enjoy playing games that lead to their learning. I can use this resource during down time so my students can be online without being distracted from the lesson at hand.

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Wordwall - Create better lessons quicker

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1) Which type of economic system has the government answer the economic questions? a) Traditional b) Mixed c) Command d) Market 2) Which type of economic system answers the economic questions based on supply and demand? a) Traditional b) Mixed c) Command d) Market 3) Which type of economic system answers the economic questions based on traditional customs and values? a) Traditional b) Mixed c) Command d) Market 4) Which type of economic system answers the economic questions based on both government control and supply and demand?? a) Traditional b) Mixed c) Command d) Market

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اركض نحو منطقة الإجابة الصحيحة، متجنبًا الأعداء.. 1) Which type of economic system has the government answer the economic questions?

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This resource is important to this standard because it gives a great introduction and great information about this standard. Crash Course is my favorite YouTube channel to use in the classroom because they do such a good job explaining the topic and providing extra information to students. I can easily post this video into Google Classroom and provide my students with guided notes so they can actively listen.

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Economic Systems and Macroeconomics: Crash Course Economics #3