October 22

IB 30/35

We did a little review of how to write the Social 30-1 WRA II position paper today. If you missed class today, you need to see me tomorrow during tutorial to go over how to organize your essay. I also strongly recommend that you check out my PowerPoint lecture on the IB 30/35 wiki called "The Evolution of Modern Liberalism" in preparation for the Market and Mixed Economy Test this Thursday. You can find it under the Unit 2 link on the sidebar navigation (Unit 2 under Social Studies 30-1). It will cover a lot of the economic concepts that we covered in class as well. 

You are writing the Social 30-1 WRA II position paper tomorrow in the Red Lab, please go there directly in Period 2. 

On Thursday, October 24th, you're writing the Market and Mixed Economy Test (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 20-1

I taught you a mnemonic device today about the League of Nations (FAILURe), make sure to get these notes from a classmate if you missed class today. We started looking at the PowerPoint presentation today called "Ultranationalism in WWII". We'll continue this lecture tomorrow with Italy. I also gave you about 25 minutes to work on your Chapter 6 Key Terms and Questions, which are due on Friday, October 25th. 

SOCIAL 30-1

We talked about the Canadian Federal Election for about 25 minutes today. I showed you a documentary today (A & E Biography) called "Joseph Stalin: Red Terror". While you watched this video you should have completed the film study in your Social 30-1 course books.  

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