BBB4M – Unit 3 – Lesson 7: Economics Systems



100 minutes

Lesson Objective

  • To learn about economic systems.

Lesson Outcomes

  • Describe the three economic systems.
  • Explain the differences between the three economic systems.
  • Analyse the effects of the different economic systems on international success.
  • Write an essay analysing the effects of the economic systems on businesses.

The Lesson


  1. Riddle me this…
  2. Starter: 60 seconds discuss | Political Cartoon [class task].
  3. Economic Systems | Overview | YouTube Video [class task].
  4. Economic Systems | Table worksheet [teacher led instruction and note taking].
  5. Federal Reserve Bank of Canada | Infographic Activity [paired task].
  6. Federal Reserve Bank of Canada | Infographic Review [class discussion].
  7. Review: Which economic system is best for business? [class discussion].

Assignment 3.4 | Economic Systems | Business Essay

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