Social 30-1
I went through a short PowerPoint presentation called "Economic Models Explained by Cows" at the beginning of class. I then had you copy down some jot notes on the board on the leaders of the Soviet Union (from Lenin to Gorbachev). You must go through the following notes in your Social 30-1 study booklet:
- Changes to the Soviet System After Stalin (pages 116-117)
- Gorbachev to Collapse (1985-1991) on pages 118-121
- You were to also read, highlight and answer the questions in the Economic Planning in the USSR (pages 122-129); I'll do a homework check on this work when we come back from Spring Break (probably the Wednesday when we get back)
Market Economy and Mixed Economy Exam Study Guide:
This exam will be on Tuesday, March 31st
- 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
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