Transcript lesson 11 – economic systems of the incas and aztecs

LESSON 11 – ECONOMIC SYSTEMS OF THE INCAS AND AZTECS
Economic System Definition
• Economic System: The institutional
framework of formal and informal rules
that a society uses to determine what to
produce, how to produce, and how to
distribute goods and services.
FOCUS MIDDLE SCHOOL WORLD HISTORY © COUNCIL FOR ECONOMIC EDUCATION, NEW YORK, NY
LESSON 11 – ECONOMIC SYSTEMS OF THE INCAS AND AZTECS
Production Specifications
Production Steps
One Bracelet
One Necklace
Cut piece of string
10 inches long
16 inches long
Draw dots on macaroni 10 pieces of
using two different color macaroni—5 with
markers—use one color each color dot
per piece of pasta
16 pieces of
macaroni—8 with
each color dot
Place macaroni on
string
10 pieces of
macaroni—alternate
color dots
16 pieces of
macaroni—alternate
color dots
Knot string
Knot two ends of
string together to
create a bracelet
Knot two ends of
string together to
create a necklace
Trim knot using scissors
Trim knot
Trim knot
FOCUS MIDDLE SCHOOL WORLD HISTORY © COUNCIL FOR ECONOMIC EDUCATION, NEW YORK, NY
LESSON 11 – ECONOMIC SYSTEMS OF THE INCAS AND AZTECS
Production Recording Sheet
Group
# of
Group
Members
# Produced
Bracelets
Value of
Necklaces Production
FOCUS MIDDLE SCHOOL WORLD HISTORY © COUNCIL FOR ECONOMIC EDUCATION, NEW YORK, NY
LESSON 11 – ECONOMIC SYSTEMS OF THE INCAS AND AZTECS
Economic Systems
Group
What to
Produce
How to
Produce
For Whom
to Produce
A
B
C
FOCUS MIDDLE SCHOOL WORLD HISTORY © COUNCIL FOR ECONOMIC EDUCATION, NEW YORK, NY
LESSON 11 – ECONOMIC SYSTEMS OF THE INCAS AND AZTECS
Systems Definitions
• Command System: An economy in which most
economic issues of production and distribution are
resolved through central planning and control.
• Market System: An economy that relies on a system
of interdependent market prices to allocate goods,
services, and productive resources and to coordinate
the diverse plans of consumers and producers, all of
them pursuing their own self-interest.
• Traditional System: An economy in which customs
and habits from the past are used to resolve most
economic issues of production and distribution.
FOCUS MIDDLE SCHOOL WORLD HISTORY © COUNCIL FOR ECONOMIC EDUCATION, NEW YORK, NY