October 17

Social 20-1

We covered a lot of ground today. We did a short activity called "Was Appeasement a Good Idea?" and completed the Focus Task. We then moved on to looking at the rise of ultranationalism in Germany, Italy and Japan. I will finish this lecture tomorrow.

Social 30-1

I did a homework check on your Chapter 5 Key Terms and Questions today. We covered a lot of ground today by looking at "Changes to the Soviet System After Stalin" (notes covering Khrushchev, Brezhnev, Andropov and Cherneko). I also gave you some notes on Gorbachev and the changes that he introduced to the Soviet economy. If you missed today's class, I also put notes up on the board on Lenin, Stalin, Khrushchev, Brezhnev, Andropov, Cherneko and Gorbachev. I also went through "E-COW-nomics" today. Your Market Economy and Mixed Economy Test is on Thursday, please see the study guide here. A week from today you have your Economic Systems Test, please see the study guide below.

Upcoming Important Dates in Social 30-1

• Market Economy and Mixed Economy Test is on Thursday, October 20th
• Economic Systems Test is on Monday, October 24th
• Unit 2 WRA I is on Wednesday, October 25th
• Chapter 5 Test is on Thursday, October 26th

Economic Systems Exam Study Guide:

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 Monday, October 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)
• 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
• Economic Planning in the USSR (again, you'll get these notes tomorrow)