Subject: Social Studies

Lesson Length: 55 - 60 mins

Topic: Economic Systems

Grade Level: 7

Standards / Framework:

Brief Description: Students will understand the three major economic systems and explore the pros and cons of each.

Know Before You Start:

  • Students should have a good understanding of what an economy is and why countries would need a system in place.

  • Students should be able to define: economy, supply, demand, markets, interdependence, consumer, and scarcity.


  • Have students imagine they are now the leaders of their own country with some difficult decisions to make. They have already begun to set up a government but are unsure of how they want your country’s economy to operate.

  • Discuss some laws they would make. How would their economy work? Would there be any rules regarding how much money workers should make? How would business owners be taxed?

  • Read and discuss the sample comic.


  • Have students research the 3 major economic systems: Socialism, Capitalism, and Communism.

  • Next, have them choose one of the 3 systems as the economic system for their new country.

  • Using the sample comic as a guide, have them create a 3 panel comic illustrating their chosen system.

  • Panel 1: Define the system you selected.

  • Panel 2: Illustrate why you chose this system and why it benefits your country.

  • Panel 3: Illustrate any downsides (cons) you see to implementing this system in your country.


  • Group students into groups of 3; one student for each system.

  • Have each group discuss their comics and their “why." Ask students to try and persuade other group members to want to switch their system.

  • As a class, find out if anyone was persuaded and have a few volunteers present their economic system and why they would think it was best for their country.


  • Allow students to use speech-to-text as needed.

  • Pair students with a peer model.

  • Provide sentence frames for the student comic and closure discussion.


  • Comic to print or display: Comic.

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