March 16

Sorry for the later post tonight...

Social 30-1

This is what should have happened in class today:

• A quick review of demand-side economics and supply-side economics
• Main differences between Keynesian and supply-side economics
• A comparison between how demand-siders and supply-siders would deal with a recession
• An introduction to Russian history
• You should have read notes on Marx, Lenin and Stalin
• You should have watched a video from the BBC 20th Century History series called "Stalin and the Modernization of Russia"

Here is your study guide for your Market and Mixed Economy Test, which is two weeks from today:

Market Economy and Mixed Economy Exam Study Guide:

This exam will be on Monday, March 30th

• 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 and in your 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

Social 20-1

Most of today's class was probably filled with watching the A & E Biography of Hitler called "The Fatal Attraction of Adolf Hitler". While you watched this documentary you should have been taking notes on the video. Hopefully, I'll be in class tomorrow...