An economic system is the combination of the various agencies and entities that provide the economic structure that defines the social community. These agencies are joined by lines of trade and exchange goods. Many different objectives may be seen as desirable for an economy, like efficiency, growth, liberty, and equality. An economic system may involve production, allocation of economic inputs, distribution of economic outputs, landlords and land availability, households (earnings and expenditure consumption of goods and services in an economy), financial institutions, firms, and the government.
Alternatively, an economic system is the set of principles by which problems of economics are addressed, such as the economic problem of scarcity through allocation of finite productive resources.
The scarcity problem, for example, requires answers to basic questions, such as:
- What to produce?
- How to produce it?
- Who gets what is produced?
Welcome to the economic systems sales pitch competition! You have been given the task of trying to convince the new Ukrainian government of what economic system it should adopt as it looks towards a brighter future. You and your partner will create an engaging sales pitch that will convince government officials to adopt the economic system that you endorse. Other competitors will also making their case in an attempt to win over the judging panel, so bring your best there can only be one winner!
Your objective is to create an informative and engaging digital presentation using Prezi (https://prezi.com/). The requirements are listed below.
- Highlight the benefits of the using your selected economic system
- Describe the problems of using the other two economic systems that you have not chosen.
- Embed at least two video clips into your presentation 3-minute maximum. One video should be used in support of your system and another used to discredit the others.
- Each slide must contain one graphic item
- A minimum of 7 slides must be used
Listed below are links to some informative websites that will help you with your task. Feel free to use other resources but make sure they are creditable!
Here is a link to the Rubric or view the copy below (but the quality is not as good, I couldn't figure out how to get the image to this site)
Student's Last Name *
|The three economic systems are addressed and defined with examples provided|
|Examples are provide of problems of using non-selected economic system and cleary explained|
|Examples of the Benefits of using selected economic system are clearly explained|
Visuals and Videos *
|Each slide has at least one graphic image|
|Video supports presenters points about chosen economic system|
|Video supports problems with another economic system that was not selected|
|Presentation is visually stimulating|
|References are properly displayed and listed|
Style Points *
|Presentor used voice fluctuation throughout the presentation|
|Presentor used hand gestures to engage the audience|
|Presentor worked the room and involved the audience|
|Presentor was organized and prepared|
At the end of this assignment all participants will have better understanding of the strength’s and weaknesses of the three economic systems, improved upon their public speaking skills and improved upon their digital design skills.
Picture of Salesman
Picture of Karl Marxs and Adam Smith