March 17

Social 30-1

You should have covered a lot of ground today in our study of the USSR and the command economy. You watched the video called "Joseph Stalin: Red Terror" and completed a film study sheet to go along with it. You should have got some notes that covered "Changes to the Soviet System After Stalin". You also should have received another notes package on the Economic Planning in the USSR booklet. This booklet is due on Monday. Please remember that you have your Market Economy and Mixed Economy Test on Monday, please see the study guide here (scroll down to find it). Next Thursday (March 24th) you have your Economic Systems Test, 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 24th.

• 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 will get these notes soon)
• Economic Planning in the USSR
  

Social 10-1

You should have gone through the "Historical Globalization and Imperialism" PowerPoint presentation, and as the substitute went through the presentation you should have taken notes. I will be sending this PowerPoint presentation to you this evening, and it will also be up on the wiki soon. If you had time left over after the presentation, you should have received some time to work on your Chapter 7 Key Terms and Questions, which are due on Monday. You should have also handed in your Chapter 6 Key Terms and Questions.