Social 30-1
You wrote your "Ideological Reaction to Industrialization Test" today, which corresponds to material in Chapter 3 and part of Chapter 4. Next Thursday, you have a test on Market Economy and Mixed Economy (covering material from Chapters 3-4 and Chapter 6). Please see the study guide below.
Market Economy and Mixed Economy Exam Study Guide:
- Chapters 3-4 and Chapter 6 in Perspectives on Ideology
- please see the summary notes from the Ideologies textbook: Chapter 7 (Private Enterprise)
- supply-side economics
- boom and bust cycle/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)
- 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
Social 20-1
I finished the PowerPoint presentation today called "Allied Victory in WWI and the Paris Peace Conference". I have sent this to your e-mail accounts, so please print it off and add it to your notes and bring it to class on Monday. I will also be going over the Focus Task from the "Making Peace" booklet on Monday as well. Most of you were able to finish this in class.
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