Lesson 1 - How Do Constitutions Shape Economic Systems?
In the first part of the lesson, the students examine the characteristics of a market economy and the economic provisions of the U.S. Constitution. Then they complete a grid which shows how the U.S Constitution establishes and supports those characteristics. In the second part of the lesson, the students consider a question: Why would North Korea and South Korea - two nations with much in common - experience very different economic outcomes? To answer this question, the students read excerpts from the constitutions of North Korea and South Korea and examine the differences between them.
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Glossary of Terms and Concepts
These are some of the important terms you'll cover in this lesson.
Lesson 1 Visuals
Lesson 1 Activities
Standards in Economics