Monday, October 20, 2014

October 20


I covered the concept of market socialism today. You can find the reading on this in your Social 30-1 study booklets on pages 130-133. I also taught you how to write the WRA I three source analysis assignments (pages 312-313 in the 30-1 study booklets). I gave you each three sample WRA I from Unit 2 material. I split the class into thirds, with each third tackling a different set of sources. We'll talk about each of the WRA I samples tomorrow. One week from today, on Monday, October 27th you will be writing your Unit 2 WRA I. Please remember that you are writing your Economic Systems Exam on Thursday, please check out the study guide below. I also talked about military spending briefly with each class, in part because we were talking about the Four Modernizations (one of which was modernization of national defence), and I said that the United States spends a tremendous amount of the federal budget. This video is old, but it illustrates the American military spending using Oreo cookies. The statistics used in the video are old, given that the USA spends about $600+ billion a year on their military, and China's military spending has increased to the point where the PRC now have the second highest military spending budget. Figures vary depending on the source you use, but by in large, the top 15 military spenders are as follows: USA, China, Russia, Saudi Arabia, UK, France, Japan, Germany, India, Brazil, South Korea, Australia, Italy, Israel, and Iran.


This exam will be written on Thursday, October 23rd. It is a multiple choice question format test.
This is a comprehensive exam that covers all of the major economic systems: market economy, mixed economy, and command economy. It is 70 multiple choice questions.
  • Chapters 3-6 in Perspectives on Ideology
  • study the applicable PowerPoint presentations that are on the wiki under Unit 2 (check your notes): The Development of Classical Liberalism, Responding to Classical Liberalism, The Evolution of Modern Liberalism, 20th Century Rejections of Liberalism (just the USSR section of this PowerPoint)
  • In Chapter 5, just focus on the Soviet Union, and left-wing of economic spectrum (command economy), we haven't covered aspects of dictatorships or Nazism yet (the techniques of dictatorship and fascism will be on a Chapter 5 Test)
  • please see the summary notes from the Ideologies textbook: Chapter 7 (Private Enterprise), page 78-80 in the Social 30-1 study booklet 
  • supply-side economics (page 84 in study booklet)
  • boom and bust cycle/business cycle (pages 50-54 and pages 56-62 in 30-1 study booklet)
  • laws of supply and demand, Adam Smith, invisible hand, market forces
    self-interest, consumer sovereignty, competition, private ownership, profit motive
  • basic economic problems/questions
  • advantages/disadvantages of the market economy
  • causes of the Great Depression (pages 63-64 in 30-1 study booklet)
  • FDR and the New Deal
  • please see summary notes from the Ideologies textbook on the Mixed Economy Case Studies #14 (Sweden) and #15 (Canada), #16 (Japan), #17 (Fascism and Nazism): pages 73-76 in the study booklet
  • also see the Democratic Socialism booklet on Sweden (indicative planning, "cradle to the grave" economics/"womb to tomb economics"): pages 65-72 in 30-1 booklets
  • characteristics of a mixed economy
  • nationalization
  • privatization
  • democratic socialism
  • welfare capitalism
  • Keynesian economics
  • the business cycle and fiscal and monetary policies (study all of the notes I gave you)
  • demand-side economics
  • neo-conservatives
  • monetarism
  • trickle down economics
  • supply-side economics
  • Thatcherism and Reaganomics
  • Milton Friedman
  • Friedrich Hayek
  • how Keynesian economics deals with a recession (remember "the percolator": increase circulation of money reducing taxes, increase government spending on "make work" projects, and reduce interest rates, which according to Keynesian economics is going increase demand for goods and services and lead to more money circulating in the economy) pages 81-82 in the Social 30-1 study booklet 
  • how supply-side economics deals with a recession (remember "trickle down coffee maker": government should stimulate the goods and services sector of the economy by reducing corporate and personal taxes, eventually benefits will "trickle down" to the middle class and working class, make connections between supply-side economics and laissez faire economics/classical liberalism): pages 81-82 in the 30-1 booklet
  • advantages and disadvantages of a mixed economy
  • neo-conservative criticism of government intervention
  • characteristics of a centrally planned economy
  • advantages and disadvantages of a centrally planned economy
  • Marx notes (pages 94-96 in 30-1 booklet)
  • Lenin notes (pages 97-98 in 30-1 booklet)
  • establishment of the Soviet Union
  • Soviet economic system (top-down decision-making process): study pages 105-114 in the Social 30-1 booklet
  • Lenin's War Communism and the New Economic Policy
  • "Stalin and the Modernization of Russia" (see film notes)
  • Stalin notes (pages 99-101)
  • "Changes to Soviet Society After Stalin" notes (this bridges the gap between Stalin and Gorbachev): pages 116-117 in 30-1 booklet
  • Gorbachev to Collapse Notes: pages 118-121 in 30-1 booklet
  • Economic Planning in the USSR: pages 122-129 in 30-1 booklet
  • Market Socialism (pages 130-132 in the Social 30-1 booklet)



We started the French Revolution and Napoleonic Age unit. I started a PowerPoint lecture on the French Revolution and I covered up to the end of the causes of the revolution. We'll continue this tomorrow. I will collect your U.S. Constitution graphic novels tomorrow.

Thursday, October 16, 2014

October 16


You wrote your Market and Mixed Economies Test today, and you will get the results back tomorrow. One week from today, you will write your Economic Systems Exam which covers all of the economic systems (command, mixed and market). Please remember that you must hand in your Chapter 5 Key Terms and Questions tomorrow. Also, if you were away last Friday (on the Phys. Ed. 30 camping trip for example) you will be writing your Ideological Reaction to Industrialization Test tomorrow. You can find the study guide for this test here.  


This exam will be written on Thursday, October 23rd. It is a multiple choice question format test.
This is a comprehensive exam that covers all of the major economic systems: market economy, mixed economy, and command economy. It is 70 multiple choice questions.
  • Chapters 3-6 in Perspectives on Ideology
  • study the applicable PowerPoint presentations that are on the wiki under Unit 2 (check your notes): The Development of Classical Liberalism, Responding to Classical Liberalism, The Evolution of Modern Liberalism, 20th Century Rejections of Liberalism (just the USSR section of this PowerPoint)
  • In Chapter 5, just focus on the Soviet Union, and left-wing of economic spectrum (command economy), we haven't covered aspects of dictatorships or Nazism yet (the techniques of dictatorship and fascism will be on a Chapter 5 Test)
  • please see the summary notes from the Ideologies textbook: Chapter 7 (Private Enterprise), page 78-80 in the Social 30-1 study booklet 
  • supply-side economics (page 84 in study booklet)
  • boom and bust cycle/business cycle (pages 50-54 and pages 56-62 in 30-1 study booklet)
  • laws of supply and demand, Adam Smith, invisible hand, market forces
    self-interest, consumer sovereignty, competition, private ownership, profit motive
  • basic economic problems/questions
  • advantages/disadvantages of the market economy
  • causes of the Great Depression (pages 63-64 in 30-1 study booklet)
  • FDR and the New Deal
  • please see summary notes from the Ideologies textbook on the Mixed Economy Case Studies #14 (Sweden) and #15 (Canada), #16 (Japan), #17 (Fascism and Nazism): pages 73-76 in the study booklet
  • also see the Democratic Socialism booklet on Sweden (indicative planning, "cradle to the grave" economics/"womb to tomb economics"): pages 65-72 in 30-1 booklets
  • characteristics of a mixed economy
  • nationalization
  • privatization
  • democratic socialism
  • welfare capitalism
  • Keynesian economics
  • the business cycle and fiscal and monetary policies (study all of the notes I gave you)
  • demand-side economics
  • neo-conservatives
  • monetarism
  • trickle down economics
  • supply-side economics
  • Thatcherism and Reaganomics
  • Milton Friedman
  • Friedrich Hayek
  • how Keynesian economics deals with a recession (remember "the percolator": increase circulation of money reducing taxes, increase government spending on "make work" projects, and reduce interest rates, which according to Keynesian economics is going increase demand for goods and services and lead to more money circulating in the economy) pages 81-82 in the Social 30-1 study booklet 
  • how supply-side economics deals with a recession (remember "trickle down coffee maker": government should stimulate the goods and services sector of the economy by reducing corporate and personal taxes, eventually benefits will "trickle down" to the middle class and working class, make connections between supply-side economics and laissez faire economics/classical liberalism): pages 81-82 in the 30-1 booklet
  • advantages and disadvantages of a mixed economy
  • neo-conservative criticism of government intervention
  • characteristics of a centrally planned economy
  • advantages and disadvantages of a centrally planned economy
  • Marx notes (pages 94-96 in 30-1 booklet)
  • Lenin notes (pages 97-98 in 30-1 booklet)
  • establishment of the Soviet Union
  • Soviet economic system (top-down decision-making process): study pages 105-114 in the Social 30-1 booklet
  • Lenin's War Communism and the New Economic Policy
  • "Stalin and the Modernization of Russia" (see film notes)
  • Stalin notes (pages 99-101)
  • "Changes to Soviet Society After Stalin" notes (this bridges the gap between Stalin and Gorbachev): pages 116-117 in 30-1 booklet
  • Gorbachev to Collapse Notes: pages 118-121 in 30-1 booklet
  • Economic Planning in the USSR: pages 122-129 in 30-1 booklet
  • Market Socialism (pages 130-132 in the Social 30-1 booklet)



You wrote your American Revolution Test today. You'll get the results of this test back tomorrow. You're writing your Paper 1 tomorrow.

Tuesday, October 14, 2014

October 14

Busy night, sorry for the later post...

We spent the entire period talking about the command economy, the Soviet economic system and Joseph Stalin. You must read in your Social 30-1 study booklet about the Soviet economic system. I also showed you the A & E Biography "Joseph Stalin: Red Terror", while you watched this video you were to take notes on the film study sheet. You also got your interim report cards today.


This test is on Thursday, October 16th and it is a multiple choice format test. There are 70 multiple choice questions on the exam. Please study the following:
  • business cycle
  • laws of supply and demand, Adam Smith, invisible hand, market forces
    self-interest, consumer sovereignty, competition, private ownership, profit motive
  • basic economic problems/questions
  • advantages/disadvantages of the market economy
  • causes of the Great Depression
  • FDR and the New Deal
  • please see summary notes from the Ideologies textbook on the Mixed Economy Case Studies #14 (Sweden) and #15 (Canada), you can find this on the Social 30-1 wiki and in your 30-1 study booklets
  • nationalization
  • democratic socialism
  • welfare capitalism
  • Keynesian economics
  • the business cycle and fiscal and monetary policies (study all of the notes I gave you and the booklet that I gave you)
  • demand-side economics
  • neo-conservatives
  • monetarism
  • trickle down economics
  • supply-side economics
  • Thatcherism and Reaganomics
  • Milton Friedman
  • Friedrich Hayek
  • how Keynesian economics deals with a recession
  • how supply-side economics deals with a recession


Lots of "housekeeping" items today. I gave you back a lot of marked assignments and projects. We looked at the OPVL document analysis assignment that you wrote as part of your Colonial Period Test. Please review how to distinguish between a primary and secondary source. Please remember that you have your American Revolution Test on Thursday, and your Paper 1 on the Independence Movement unit.

Friday, October 10, 2014

October 10


I went through part of the PowerPoint lecture called "20th Century Rejections of Liberalism". I only covered the section of presentation that covered the Soviet Union. You are responsible for reading the remainder of this lecture that covers Nazi Germany. You had the remainder of the class to work on your Chapter 5 Key Terms and Questions, which are due on Friday, October 17th.
This test is on Thursday, October 16th and it is a multiple choice format test. There are 70 multiple choice questions on the exam. Please study the following:
  • business cycle
  • laws of supply and demand, Adam Smith, invisible hand, market forces
    self-interest, consumer sovereignty, competition, private ownership, profit motive
  • basic economic problems/questions
  • advantages/disadvantages of the market economy
  • causes of the Great Depression
  • FDR and the New Deal
  • please see summary notes from the Ideologies textbook on the Mixed Economy Case Studies #14 (Sweden) and #15 (Canada), you can find this on the Social 30-1 wiki and in your 30-1 study booklets
  • nationalization
  • democratic socialism
  • welfare capitalism
  • Keynesian economics
  • the business cycle and fiscal and monetary policies (study all of the notes I gave you and the booklet that I gave you)
  • demand-side economics
  • neo-conservatives
  • monetarism
  • trickle down economics
  • supply-side economics
  • Thatcherism and Reaganomics
  • Milton Friedman
  • Friedrich Hayek
  • how Keynesian economics deals with a recession
  • how supply-side economics deals with a recession



Most of today's class was spent talking about the Paper 1. You have a test on the American Revolution on Thursday, October 16th. Your Paper 1 on the Independence Movement in the USA is on Friday, October 17th. Please have a look at the Paper 1 section on the IB 20 wiki. I strongly recommend that you find some time to read pages 61-73 in your History of the Americas textbook, and the complete the OPVL chart activity (see page 73) based on Sources A to E on pages 71-73 in your textbook.

Thursday, October 09, 2014

October 9


I gave you back your results for the "Ideological Reaction to Industrialization Test" today. We finished off a couple of topics today, namely how demand-side economics and supply-side economics deals with a recession. I also think that you should read the section on the Causes of the Global Recession of 2008 in your study booklets, since there is a lot of information that could be used on your essays. I went through a quick review of Russian history as well today, so if you missed class you need to read page 104 in your Social 30-1 study booklet. You must read up on Karl Marx (pages 94-96), Lenin (pages 97-98) and Stalin (pages 99-101) in your study booklets tonight (page references in brackets). I also showed you a video from the BBC 20th Century History series called "Stalin and the Modernization of Russia". Please remember that your Market and Mixed Economy Test is on Thursday, October 16th. You can find the study guide below.

This test is on Thursday, October 16th and it is a multiple choice format test. There are 70 multiple choice questions on the exam. Please study the following:
  • business cycle
  • laws of supply and demand, Adam Smith, invisible hand, market forces
    self-interest, consumer sovereignty, competition, private ownership, profit motive
  • basic economic problems/questions
  • advantages/disadvantages of the market economy
  • causes of the Great Depression
  • FDR and the New Deal
  • please see summary notes from the Ideologies textbook on the Mixed Economy Case Studies #14 (Sweden) and #15 (Canada), you can find this on the Social 30-1 wiki and in your 30-1 study booklets
  • nationalization
  • democratic socialism
  • welfare capitalism
  • Keynesian economics
  • the business cycle and fiscal and monetary policies (study all of the notes I gave you and the booklet that I gave you)
  • demand-side economics
  • neo-conservatives
  • monetarism
  • trickle down economics
  • supply-side economics
  • Thatcherism and Reaganomics
  • Milton Friedman
  • Friedrich Hayek
  • how Keynesian economics deals with a recession
  • how supply-side economics deals with a recession



We finished off our constitutional convention today. I think that by in large this was a successful activity that got many of you discussing complex issues in a fast-paced simulation. Although we didn't pass too many resolutions/articles I think that you benefited from discussing this issues in class. We'll be talking about writing strategies for a Paper 1 tomorrow, so we may not have a lot of time to discuss developments regarding the Western response to ISIS. Please bring in articles, newspaper clippings and political cartoons still, but just be aware that discussion may be limited because we have other objectives that need to be met. Here are the links to the articles about the drinking habits of the American founding fathers: