Friday, March 12, 2010

March 12


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.

  • 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



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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