Lesson 3: Markets, the Invisible Hand, and Circular Flow
Duration of Days: 2
Lesson Objective
Students will explain how market systems coordinate decisions and how households and firms interact in the circular flow model.
Students will explain how market systems coordinate decisions and how households and firms interact in the circular flow model.
D2.Eco.4.9-12
D2.Eco.8.9-12
D2.Eco.9.9-12
CCSS.ELA-LITERACY.RH.11-12.2
CCSS.ELA-LITERACY.RH.11-12.7
Students examine the characteristics of market systems, the idea of the invisible hand, and the circular flow of resources, goods, services, and money. DOK Level 2
Diagram supports, vocabulary bank, discussion stems, chunked reading, teacher modeling
Class discussion and diagram-based activity