IB 30/35
You wrote your Paper 3 today in class. We'll be going through Social 30-1 position paper writing next week. On Wednesday, you'll be writing a 30-1 WRA II essay on Wednesday, October 23rd. You'll be writing a 30-1 multiple choice test on economic systems on Thursday, October 24th (please see the study guide below).
MARKET ECONOMY AND MIXED ECONOMY EXAM STUDY GUIDE:
This exam will be on Thursday, October 24th
- 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
- nationalization
- democratic socialism
- welfare capitalism
- Keynesian economics
- the business cycle and fiscal and monetary policies
- 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 30-1
We looked at the Russian History Notes in your Social 30-1 coursebooks. You were responsible for going through the notes on Marx, Lenin,and Stalin in your coursebooks too. We talked briefly about the different strands of socialism as well. We watched a video from the BBC 20th Century History series on "Stalin and the Modernization of the USSR" as well.
MARKET ECONOMY AND MIXED ECONOMY EXAM STUDY GUIDE:
This exam will be on Thursday, October 24th
- 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 20-1
We watched the A & E Biography "The Fatal Attraction of Adolf Hitler", which took most of the period. We'll keep looking at the road to World War II on Monday.
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