October 23

SOCIAL 30-1

I wrote notes on the board about the leaders of the Soviet Union, so if you missed class today, you need to get these notes from a classmate. We talked about perestroika, the Four Modernizations, and market socialism today as well. We also started talking about different types of dictatorships. You completed an exit slip at the end of class.  You're writing the Market and Mixed Economy Test tomorrow, please see the study guide below. 

MARKET ECONOMY AND MIXED ECONOMY EXAM STUDY GUIDE:

This exam will be on Thursday, October 24th

• 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
• 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

I continued the PowerPoint presentation today called "Ultranationalism in WWII". You can go through the last 8 slides on your own. We watched an excerpt from the movie "Pearl Harbour" to look at the Japanese surprise attack that pulled the USA into the Second World War. 

IB 30/35

You wrote the Social 30-1 WRA II position paper today in the Red Lab. Tomorrow, Thursday, October 24th, you're writing the Market and Mixed Economy Test (please see the study guide below). I would recommend looking at "The Evolution of Modern Liberalism" PowerPoint presentation for this test as well. You can find it on the IB 30 History wiki, under the Unit 2 tab. 

MARKET ECONOMY AND MIXED ECONOMY EXAM STUDY GUIDE:

This exam will be on Thursday, October 24th

• 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
• nationalization
• democratic socialism
• welfare capitalism
• Keynesian economics
• the business cycle and fiscal and monetary policies 
• 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