October 11

IB 30/35

You're going to be writing a Paper 3 on Tuesday, October 17th on the HOTA Topic 12: The Great Depression and the Americas. Today, we went down to the Red Lab to work on a class Google Doc that had about 12 different Paper 3 questions on it. You were supposed to read the appropriate chapter from the Hodder textbook (PDFs on the the IB 30/35 wiki), so it's in your best interests and put together point form notes that would help you write an answer/essay on those questions. The questions that you're going to get on Tuesday will cover similar themes as the ones on this Google Doc so it's in your best interests to prepare for this essay. You also have the Market and Mixed Economy Test on Wednesday, October 18th still.

MARKET ECONOMY AND MIXED ECONOMY TEST STUDY GUIDE:

This exam will be on Wednesday, October 18th

• 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), you can find this on the Social 30-1 wiki
• 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 10-1

You started your Unit 1 WRA II Essay in class today. You were supposed to write the first paragraph, and then you had a classmate peer edit it for you. You should have made the recommended changes in class. You will get to continue writing this essay on Tuesday, October 17th.