I'm really sorry that I didn't post this on Friday, it was a really busy Model UN weekend!
We started off with some
"E-Cow-nomics" on Friday. I then gave you some
notes on leaders of the Soviet Union, so if you missed class today, you need to get these notes from a classmate. You were supposed to read, highlight and annotate the following notes from your Social 30-1 study booklet:
- Changes to the Soviet Union since Stalin
- Gorbachev to Collapse
- complete the note-taking activity in the "Economic Planning in the USSR" section as well
- your Chapter 5 Questions are due on Tuesday, October 20th
Your Market and Mixed Economy Test is on Monday, October 19th, please see the study guide below. You also have your Economic Systems Exam on Thursday, October 22nd.
This exam will be on Monday, October 19th
- 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
This exam will be written on Thursday, October 22nd. It is a multiple choice question format test.
This is a comprehensive exam that covers all of the major economic systems: market economy, mixed economy, and command economy. It is 74 multiple choice questions.
- Chapters 3-6 in Perspectives on Ideology
- study the applicable PowerPoint presentations that are on the wiki under Unit 2 (check your notes): The Development of Classical Liberalism, Responding to Classical Liberalism, The Evolution of Modern Liberalism, 20th Century Rejections of Liberalism (just the USSR section of this PowerPoint)
- In Chapter 5, just focus on the Soviet Union, and left-wing of economic spectrum (command economy), we haven't covered aspects of dictatorships or Nazism yet (the techniques of dictatorship and fascism will be on a Chapter 5 Test)
- please see the summary notes from the Ideologies textbook: Chapter 7 (Private Enterprise), page 78-80 in the Social 30-1 study booklet
- supply-side economics (page 84 in study booklet)
- boom and bust cycle/business cycle (pages 50-54 and pages 56-62 in 30-1 study booklet)
- 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 (pages 63-64 in 30-1 study booklet)
- 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): pages 73-76 in the study booklet
- also see the Democratic Socialism booklet on Sweden (indicative planning, "cradle to the grave" economics/"womb to tomb economics"): pages 65-72 in 30-1 booklets
- 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)
- 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) pages 81-82 in the Social 30-1 study booklet
- 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): pages 81-82 in the 30-1 booklet
- 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 (pages 94-96 in 30-1 booklet)
- Lenin notes (pages 97-98 in 30-1 booklet)
- establishment of the Soviet Union
- Soviet economic system (top-down decision-making process): study pages 105-114 in the Social 30-1 booklet
- Lenin's War Communism and the New Economic Policy
- "Stalin and the Modernization of Russia" (see film notes)
- Stalin notes (pages 99-101)
- "Changes to Soviet Society After Stalin" notes (this bridges the gap between Stalin and Gorbachev): pages 116-117 in 30-1 booklet
- Gorbachev to Collapse Notes: pages 118-121 in 30-1 booklet
- Economic Planning in the USSR: pages 122-129 in 30-1 booklet
- Market Socialism (pages 130-132 in the Social 30-1 booklet)
You wrote your
Paper 3 on the Civil War and Reconstruction on Friday. On Monday, we'll be moving into a topic for
Paper 2 Topic 1: Causes, Practices and Effects of War when we begin our examination of the causes of the First World War. We'll cover WWI in detail, and then follow that up with our
Prescribed Subject 1: Peacemaking, Peacekeeping and International Relations 1918-1936.
I started a PowerPoint called
"Historical Globalization and Imperialism", which we'll continue on Monday. On
Friday, October 23rd you will have a test on Chapter 7 Test. You can find the study guide below.
This quiz will have three sections: a matching section, a multiple choice section, and ashort answer section.1. Key Terms for Chapter 7 Test:
- historical globalization
- the Silk Road
- international trade
- the Columbian exchange (the grand exchange)
- mercantilism
- capitalism
- free market
- Adam Smith
- entrepreneur
- communism
- industrialization
- the Industrial Revolution
- cottage system
- physiocrats
- exploitation
- imperialism
- Eurocentrism
- ethnocentrism
- European imperialism
- "old" imperialism
- "new" imperialism
- colony
- protectorate
- sphere of influence
2. Study the Questions for Inquiry from Chapter 7 (be able to answer these questions using case studies and examples that we have covered in class):
- What were the beginnings of global trading networks?
- What values are associated with capitalism?
- Whose values did industrialization effect?
- Why did England industrialize before other European powers?
- What were some of the effects of the Industrial Revolution?
- In what ways did imperialism benefit one people over another?
