USF's WebQuest 

Economies of the World

Misty Wilson

Introduction:  Welcome! Over the course of the next two days you and your classmates will be learning about the different types of economies in the world today.

Task: Your teacher will divide you into groups of three. Each group member will choose one type of economy (traditional, command, or market) and then visit different websites to learn about that type of economy. You will then get together with your group members and discuss your findings. As a group, you will produce a one-page summary of your findings.

Process:

1.      Assign roles. Which person will study the traditional economy? Command? Market?

2.      Make sure you each have a copy of Worksheet A.

3.      Visit the websites listed in the resources section and complete your worksheets with the information you find.

4.      After you are finished researching your selected economy, share what you learned with group members.

5.      Complete Worksheet B as a group.

Resources:

Websites on Traditional Economies

http://en.wikipedia.org/wiki/Traditional_economy

http://www.cr1.dircon.co.uk/casestudies/traditional.htm
http://www.ainc-inac.gc.ca/pr/info/info114_e.html

 

Websites on Command Economies

http://en.wikipedia.org/wiki/Planned_economy

http://www.tiscali.co.uk/reference/encyclopaedia/hutchinson/m0037989.html

 

Websites on Market Economies

http://usinfo.state.gov/products/pubs/market/

 http://www.mises.org/humanaction/chap15sec1.asp

 http://ecedweb.unomaha.edu/lessons/fecg2.htm

Evaluation:

Rubric

 

Excellent

Good

Fair

Poor

Stayed on task

4

3

2

1

Provided well considered answers on Worksheet A

4

3

2

1

Willingly shared information with group members

4

3

2

1

Contributed to group completion of Worksheet B

4

3

2

1

Completed all assignments on time

4

3

2

1

Showed proper respect for all group members

4

3

2

1

 

Conclusion:  Congratulations! You have completed this webquest and, in so doing, have learned about the ways different societies answer the basic economic questions of What to Produce, How to Produce, and For Whom to Produce. As you have learned, every economic system has positives and negatives, there is not one perfect way of doing things.