Social 30-1
We spent the entire period talking about the command economy, the Soviet economic system and Joseph Stalin. You must read in your Social 30-1 study booklet about the Soviet economic system. I also showed you the A & E Biography "Joseph Stalin: Red Terror", while you watched this video you were to take notes on the film study sheet. You also got your interim report cards today.
Market and Mixed Economy Test Study Guide:
This test is on Thursday, October 16th and it is a multiple choice format test. There are 70 multiple choice questions on the exam. Please study the following:
- 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 and in your 30-1 study booklets
- 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
IB 20 HOTA
Lots of "housekeeping" items today. I gave you back a lot of marked assignments and projects. We looked at the OPVL document analysis assignment that you wrote as part of your Colonial Period Test. Please review how to distinguish between a primary and secondary source. Please remember that you have your American Revolution Test on Thursday, and your Paper 1 on the Independence Movement unit.
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