March 18

Social 30-1

I shared your Chapter 3-4 Test results with you today at the beginning of class. I showed you the A&E Biography of Joseph Stalin, and while you were watching this video you should have answered the questions in the film study. You should have also take some notes on the leaders of the Soviet Union that I covered very quickly today. You have homework tonight, you must read, highlight and annotate the readings on the Soviet economic system in your Social 30-1 study booklet, from pages 107-114.

Don't forget that you are writing your Market and Mixed Economy Test on Monday, March 30th. You can find the study guide below.

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

You wrote your Unit 2 WRA I three source analysis assignments today in the Blenheim Room, which took most of the period.