Exploring Economic Systems

Course Description

In this unit, students will gain a basic understanding of the different types of economic systems—and how they are alike and different—and will gain an understanding of the United States’ economic system and factors that affect our economy.

Economic Systems

1.00 Understand economics and economic systems.

  • 1.01 Compare different types of economic systems: traditional, free enterprise, command, mixed.

  • 1.02 Interpret supply and demand graphs.

  • 1.03 Explain how the Federal Reserve, stock market and e-commerce impact the U.S. economy.

  • 1.04 Understand the United States' economic system.

Learning Websites for this Course