This lesson is based on Chapter 3 Section 3 of the McGraw Hill Economics Textbook.

Start with the Warm Up Activity

Display the Roles and Responsibilities graphic organizer and explain to students how they will use it to take notes as they progress through the lesson. Tell students that they will be identifying the roles of three players in the economy: the entrepreneur, the consumer, and the government. TEKS: Content 6B, 7B

Review the guidelines for the simulation with students. Students will reflect on three groups: the roles of entrepreneurs, consumers, and government officials. Have students read the dilemmas and ask students to complete the activity. After students complete the dilemma of their choice, ask them to describe the most difficult dilemma and to explain why it was hardest to resolve. TEKS: Content 6B, 7B

An exit ticket has been provided to check for understanding of the concepts and TEKS in this lesson.