March 19

Social 30-1

I gave you back the results of the Market Economy and Mixed Economy Test today. Please keep reviewing the economic systems material! Don't get overconfident! Your Economic Systems Test is very difficult (please see the study guide below). I gave you a handout today called "Gorbachev to Collapse" and "Economic Planning in the USSR". The questions in the "Economic Planning in the USSR" booklet are due on Monday. On Wednesday, March 24th you will writing your Unit 2 Written Response Assignment I (three source analysis). I will go over the format for writing this assignment on either Monday or Tuesday. Your Economic Systems Test is on Thursday, please see the study guide below.

Economic Systems Exam:

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. This exam will be administered on Thursday, March 25th.

• Chapters 3-6 in Perspectives on Ideology
• study the applicable PowerPoint presentations that I have sent you for Unit 2
• 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)
• 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), #16 (Japan), #17 (Fascism and Nazism)
• also see the Democratic Socialism booklet on Sweden (indicative planning, "cradle to the grave" economics or "womb to tomb" economics)
• 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 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 (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)
• 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)
• 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 (sent by e-mail)
• Lenin notes (sent by e-mail)
• establishment of the Soviet Union
• Soviet economic system (top-down decision-making process)
• Lenin's War Communism and the New Economic Policy
• "Stalin and the Modernization of Russia" (see film notes)
• Stalin notes (sent by e-mail)
• "Changes to Soviet Society After Stalin" notes (this bridges the gap between Stalin and Gorbachev)
• Gorbachev to Collapse Notes (you'll get these notes on Friday, March 19th)
• Economic Planning in the USSR (again, you'll get these notes on Friday, March 19th)
  

Social 20-1

I did a homework check to see if you had printed off the "Ultranationalism in WWII" PowerPoint presentation at the beginning of class today. I went briefly through the techniques of dictatorship with you (you will study this in far greater detail next year in 30-1 or 30-2). I then gave you a copy of "The Way of Subjects" translated into English. You are to complete the Questions for Analysis from this primary document for Monday. I will do a homework check on this assignment then. Your Chapter 6 Key Terms and Questions are due on Tuesday. Your Chapter 5-6 Test is on Thursday, March 25th. Please see the Chapter 5-6 Test Study Guide here.