Thursday, November 15, 2018

November 15


We finished off the "Expansion of Economic Globalization" lecture today. I gave you the TNC Dossier Assignment sheet today, all of you picked a TNC to profile, and I showed you some examples of finished projects. I also gave you a booklet on the WTO, the IMF and the World Bank. You have two homework assignments tonight: create a detailed chart on the advantages (benefits) and disadvantages (criticisms) of the WTO, and your Chapter 11 Key Terms and Questions are also due tomorrow.


You wrote the Chapter 7 Test today, and your results are posted in PowerSchool. You will be writing the Unit 2 Final Exam on November 21st please see the study guide below.



The Unit 2 Final Exam is on Wednesday, November 21st. It will be a 70-75 multiple choice question test. In your textbook, this is material from Chapters 3-8. Please look at the studying hints below:

  • study "The Development of Classical Liberalism" (ppt)
  • study "Responding to Classical Liberalism" (ppt)
  • study "The Evolution of Modern Liberalism" (ppt)
  • study "The Techniques of Dictatorship" (ppt)
  • study "20th Century Rejections of Modern Liberalism" (ppt)
  • study "The Origins of the Cold War" (ppt)
  • study the key concepts from the Chapters 3-8 worksheets
  • 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 booklet
  • techniques of dictatorships (USSR and Nazi Germany case studies)
  • modern liberalism
  • features of the Nazi state
  • Hitler's rise to power
  • Characteristics of Democracy
  • Characteristics of Dictatorship
  • Democratic Systems notes
  • Non-Democratic Systems notes
  • Types of Dictatorships notes (includes Techniques of Dictatorships as well)
  • A Comparison of Communism and Fascism notes
  • Totalitarianism notes
  • Fascism/Nazism booklet (has techniques of dictatorship in Nazi Germany and USSR)
  • do a brief review of the political spectrum and economic spectrum and the quadrant model



We went through the 30-1 style WRA I source interpretation writing guide today, and you had some time to work on the three sources that you have been given. You'll have some class time tomorrow to work on this assignment. Please remember that your IA Phase II is due on Monday, November 19th. One week from today (Thursday, November 22nd) you'll be writing the Evolution of Liberalism Test, please see the study guide below. This test has 60 multiple choice questions, with about 47 of those questions having a source.

Please study the following Google Slides presentations: 

  • Introducing Government
  • The Development of Classical Liberalism
  • Responding to Classical Liberalism
With each of these lectures, please focus in on the concepts that were taught in class. 


The Industrial Revolution:
  • understand fundamental economic, social and political changes that were caused by the Industrial Revolution
  • understand the connection between the Agricultural Revolution and the Enclosure Acts and the Industrial Revolution
  • understand the differences, advantages and disadvantages of the cottage system and the factory system
Key beliefs of the various ideologies (review the spectrums briefly); also review this material from the "Responding to Classical Liberalism" PowerPoint presentation:
  • Adam Smith
  • laissez faire economics/capitalism (key ideas)
  • John Stuart Mill
  • Karl Marx (key ideas and beliefs associated with Marx, Das KapitalThe Communist Manifesto, withering away of the state, dictatorship of the proletariat, view of history, etc. ) and Friedrich Engels 
  • Edmund Burke and classical conservatism
  • Study the Ideology Notes (Black Gold School District PDF file, on the IB 20 wiki)
  • Review Hobbes, Locke and Rousseau (view of the nature of human beings, how society should be organized, people's role in society; notes on page 3 of your study booklet)
  • Study the 19th Century Political Spectrum
  • Study the 20th Century Political spectrum
  • Study the political-economic grid
  • Know the values and ideas associated with the various ideologies (on the 19th century and 20th century spectrums)
  • Study the principles of individualism and principles of collectivism 
  • you need to be able to apply your knowledge and understanding of these concepts/ideas
Please review the following as well: 
  • Democratic Systems (handout notes)
  • Non-Democratic Systems (handout notes)
  • Structure of Canadian Government
  • Structure of American Government
  • similarities/differences between the parliamentary system and presidential system
  • proportional representation concept
  • first past the post system

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