Friday, September 18, 2009

September 18


I covered a few key concepts related to capitalism today that will help us to understand subsequent concepts in economics that we'll be dealing with in the coming weeks. I went through the law of supply and demand (please check your e-mail today for some supplementary notes on this topic) and the business cycle. For the business cycle, it's really important to be bale to describe what the economy is doing at the various stages of the business cycle, I call these "economic snapshots". When we review the business cycle down the road, I might ask you to "paint me a picture" of what's going on in the economy at those various stages, and you'll have to able to describe what is going on. Please read Chapter 4 of your textbook this weekend, it will help you immensely when we get into those topics next week. I did a homework check on your Chapter 3 Questions today, and you'll get those back on Monday.


You wrote your Chapter 1-2 Quiz for most of the period. If you finished up early, you had an opportunity to work on your Chapter 4 Key Terms and Questions, which are due on Monday. You have your Chapter 3-4 Quiz on Friday, September 25th. Please see the study guide below. Have a great weekend!


  • Know the key terms from Chapter 3-4
  • Be able to answer the Questions for Inquiry in Chapters 3-4 (they appear on p.49, p.53, p.58, p.73, p.80)
  • Know relevant case studies from Chapters 3-4: the Francophones, the Aborigines and the Lubicon, as well as other relevant examples related to assimilation, marginalization, accommodation and integration

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