Download this lesson plan as a Word documentDuration: three (3) class sessionsGoalsStudents will develop an ability to place current economic events into historical context.ObjectivesProvided with sufficient background knowledge, students will understand the natural fluctuations of a market economy and the role of economic downturns in a capitalist system.ProceduresSession One -- lecture, relationship between production and consumption/monetary inflation and deflation in a market economy; define and discuss the term recession and differentiate between recession and depression (provide historical overview of “booms and busts” from the fifteenth century to today)Session Two -- review HNN news backgrounder; discuss the varying ideological interpretations current global economic crisis (introduce and discuss theories of Karl Marx and Adam Smith)
