This lesson teaches the basics about the market economy, including the relationships between consumers and producers, supply and demand, and profit and incentive. Students learn six traits of a market economy, compare the market economy to other types of economies, identify opportunity costs, and much more. We recommend teaching this lesson before the other lessons in this unit.
![The Market Economy - Consumers & Producers Lesson Plan - What is a Market Economy?](/sites/default/files/styles/lesson_plan_rev_slider/public/2022-07/The%20Market%20Economy%20-%20Consumers%20%26%20Producers%20Lesson%20Plan_Page_1.png?itok=h9Bh2J0B)
![The Market Economy - Consumers & Producers Lesson Plan - Supply and Demand](/sites/default/files/styles/lesson_plan_rev_slider/public/2022-07/The%20Market%20Economy%20-%20Consumers%20%26%20Producers%20Lesson%20Plan_Page_2.png?itok=Vre8K6jl)
![The Market Economy - Consumers & Producers Lesson Plan Activity](/sites/default/files/styles/lesson_plan_rev_slider/public/2022-07/The%20Market%20Economy%20-%20Consumers%20%26%20Producers%20Lesson%20Plan_Page_5.png?itok=x0y8dxHi)
I find the materials so engaging, relevant, and easy to understand – I now use iCivics as a central resource, and use the textbook as a supplemental tool. The games are invaluable for applying the concepts we learn in class. My seniors LOVE iCivics.
Lynna Landry , AP US History & Government / Economics Teacher and Department Chair, California