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 

October 22

IB 30/35

We did a little review of how to write the Social 30-1 WRA II position paper today. If you missed class today, you need to see me tomorrow during tutorial to go over how to organize your essay. I also strongly recommend that you check out my PowerPoint lecture on the IB 30/35 wiki called "The Evolution of Modern Liberalism" in preparation for the Market and Mixed Economy Test this Thursday. You can find it under the Unit 2 link on the sidebar navigation (Unit 2 under Social Studies 30-1). It will cover a lot of the economic concepts that we covered in class as well. 

You are writing the Social 30-1 WRA II position paper tomorrow in the Red Lab, please go there directly in Period 2. 

On Thursday, October 24th, you're writing the Market and Mixed Economy Test (please see the study guide below). 

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   

SOCIAL 20-1

I taught you a mnemonic device today about the League of Nations (FAILURe), make sure to get these notes from a classmate if you missed class today. We started looking at the PowerPoint presentation today called "Ultranationalism in WWII". We'll continue this lecture tomorrow with Italy. I also gave you about 25 minutes to work on your Chapter 6 Key Terms and Questions, which are due on Friday, October 25th. 

SOCIAL 30-1

We talked about the Canadian Federal Election for about 25 minutes today. I showed you a documentary today (A & E Biography) called "Joseph Stalin: Red Terror". While you watched this video you should have completed the film study in your Social 30-1 course books.  

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

October 21

IB 30/35

We did a little review of supply-side and demand-side economics today. I strongly recommend that you check out my PowerPoint lecture on the IB 30/35 wiki called "The Evolution of Modern Liberalism". You can find it under the Unit 2 link on the sidebar navigation (Unit 2 under Social Studies 30-1). It will cover a lot of the economic concepts that we covered in class as well.

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

SOCIAL 30-1

We looked at the command economy notes in your Social 30-1 coursebooks today. You were responsible for going through the notes on Marx, Lenin,and Stalin in your coursebooks this past weekend, so make sure that you have done this. 

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

You read over the section in your Social 20-1 coursebooks called "Was Appeasement a Good Idea?" We watched the BBC 20th Century History series video "Why Appeasement?", and while you watched the video you should have completed the film study, which took most of the period. We'll keep looking at the road to World War II tomorrow.

October 20

Sorry folks, I had a busy Friday and Saturday and neglected to post this on time.

IB 30/35

You wrote your Paper 3 today in class. We'll be going through Social 30-1 position paper writing next week. On Wednesday, you'll be writing a 30-1 WRA II essay on Wednesday, October 23rd. You'll be writing a 30-1 multiple choice test on economic systems on Thursday, October 24th (please see the study guide below).

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

Social 30-1

We looked at the Russian History Notes in your Social 30-1 coursebooks. You were responsible for going through the notes on Marx, Lenin,and Stalin in your coursebooks too. We talked briefly about the different strands of socialism as well. We watched a video from the BBC 20th Century History series on "Stalin and the Modernization of the USSR" as well.

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

We watched the A & E Biography "The Fatal Attraction of Adolf Hitler", which took most of the period. We'll keep looking at the road to World War II on Monday.

July 12

Social 30-1

We watched the A & E Biography "Stalin: Red Terror", and as you watched the video, you should have answered the questions in the film study sheet in your Social 30-1 course books. You should have read the Marx, Lenin, and Stalin notes in your course books last night. You should have also worked on the Chapter 5 Google Doc last night as well. Make sure that you read Chapter 5 this weekend, and print off some of these Google Docs that you have been working on this month. We continued looking at the command economy today. I also went through the PowerPoint lecture "20th Century Rejection of Liberalism". You should prepare yourself for a position paper on Tuesday, and the theme of the source will be economics. We also did a couple of practice cartoon interpretations at the end of the class (right before the exit slip), and I'm posting the cartoons that we looked at here on the blog. You wrote another exit slip at the end of the day too.

UPCOMING IMPORTANT DATES AND HOMEWORK:

• Read Chapter 5 and complete the Chapter 5 Google Doc
• Market and Mixed Economy Test is on Monday, July 15th
• Unit 2 WRA II Essay is on Tuesday, July 16th
• Chapter 5 Test (communism, command economy, and fascism/20th Century Rejections of Liberalism) is on Wednesday, July 17th

MARKET ECONOMY AND MIXED ECONOMY EXAM STUDY GUIDE:

This exam will be on Monday, July 15th

• 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

CHAPTER 5 TEST STUDY GUIDE:

The Chapter 5 Test will be on Wednesday, July 17th. It is a 50 multiple choice question test (but it will be reduced down in number on the day). Please review the following:

• "20th Century Rejections of Liberalism" (ppt)
• Marx notes (see 30-1 booklet)
• Lenin notes (see 30-1 booklet)
• Stalin notes (see 30-1 booklet)
• Soviet Economy notes
• Soviet Economic System notes
• Changes to Soviet Society After Stalin notes
• Gorbachev to Collapse notes
• Economic Planning in the USSR booklet
• 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

The following key concepts/key events/key people are mentioned in this test, if you (re-)familiarize yourself with them it will help you out immensely!

• centrally planned economies
• initiative
• FDR and the New Deal
• Reaganomics
• consumer sovereignty
• invisible hand
• Keynesian economics
• laissez faire economics
• War Communism
• Five Year Plans
• mixed economies
• indicative planning
• proportional representation
• democracy
• dictatorship
• political spectrum (characteristics associated with the various ideologies)
• status quo
• egalitarianism
• conservative
• reactionary
• liberal
• radical
• SA
• Hitler
• Bolshevik
• fascism
• communism
• indoctrination
• controlled participation
• terror and force
• direction of popular discontent
• democratic socialists
• supply-side economics
• authoritarian
• tyrant
• totalitarian
• totalitarianism
• ultranationalism
• nationalization
• privatization
• propaganda
• progressive taxation
• Marx
• Lenin
• utopian socialism
• Gorbachev
• martial law
• Reichstag (Reichstag Fire, Reichstag election results)
• referendum
• collectivization
• modernization
• classical liberal
• laissez faire free market economy
• mixed economy
• planned economy
• (review your economic political quadrant model)
• Das Kapital
• Mein Kampf
• The Wealth of Nations

July 11

SOCIAL 30-1

You wrote the Ideological Reaction to Industrialization Test in class, after the lock down drill. We finished off the PowerPoint lecture "The Evolution of Modern Liberalism" as well today. We started looking at communism and command economy under Stalin today. We watched "Stalin and the Modernization of the USSR" from the BBC 20th Century History series. Read, highlight, and annotate the Marx, Lenin and Stalin notes in your Social 30-1 coursebooks. I also collected the Unit 2 WRA I Chart Assignment

UPCOMING IMPORTANT DATES AND HOMEWORK:

• Read Chapter 5 and complete the Chapter 5 Google Doc
• Market and Mixed Economy Test is on Monday, July 15th

MARKET ECONOMY AND MIXED ECONOMY EXAM STUDY GUIDE:

This exam will be on Monday, July 15th

• 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

Chapter 5 Test Study Guide:

The Chapter 5 Test will be on Wednesday, July 17th. It is a 50 multiple choice question test (but it will be reduced down in number on the day). Please review the following:

• "20th Century Rejections of Liberalism" (ppt)
• Marx notes (see 30-1 booklet)
• Lenin notes (see 30-1 booklet)
• Stalin notes (see 30-1 booklet)
• Soviet Economy notes
• Soviet Economic System notes
• Changes to Soviet Society After Stalin notes
• Gorbachev to Collapse notes
• Economic Planning in the USSR booklet
• 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 and economic spectrums

The following key concepts/key events/key people are mentioned in this test, if you (re-)familiarize yourself with them it will help you out immensely!

• centrally planned economies
• initiative
• FDR and the New Deal
• Reaganomics
• consumer sovereignty
• invisible hand
• Keynesian economics
• laissez faire economics
• War Communism
• Five Year Plans
• mixed economies
• indicative planning
• proportional representation
• democracy
• dictatorship
• political spectrum (characteristics associated with the various ideologies)
• status quo
• egalitarianism
• conservative
• reactionary
• liberal
• radical
• SA
• Hitler
• Bolshevik
• fascism
• communism
• indoctrination
• controlled participation
• terror and force
• direction of popular discontent
• democratic socialists
• supply-side economics
• authoritarian
• tyrant
• totalitarian
• totalitarianism
• ultranationalism
• nationalization
• privatization
• propaganda
• progressive taxation
• Marx
• Lenin
• utopian socialism
• Gorbachev
• martial law
• Reichstag (Reichstag Fire, Reichstag election results)
• referendum
• collectivization
• modernization
• classical liberal
• laissez faire free market economy
• mixed economy
• planned economy
• (review your economic political quadrant model)
• Das Kapital
• Mein Kampf
• The Wealth of Nations

July 10

SOCIAL 30-1

You wrote the Unit 1 WRA II Essay today in class, until the break. I'll try to get these essays marked as soon as possible. We went through some examples of mixed economies today (Canada, Sweden, Norway), and I showed you a couple of videos, which you should have taken notes on, namely "Dutch Treat" and "Welfare a la carte". I also started the PowerPoint lecture "The Evolution of Modern Liberalism" which I will finish off tomorrow. We have the lockdown drill tomorrow at 8:30 a.m., after the drill is over, you will write the Ideological Reaction to Industrialization Test (please see the study guide below). The Unit 2 WRA I Chart Assignment is due tomorrow. 

UPCOMING IMPORTANT DATES AND HOMEWORK:

• Ideological Reaction to Industrialization Test (Chapters 3 and 4) is on Thursday, July 11th
• Unit 2 WRA I Chart Assignment is due on Thursday, July 11th
• Read Chapter 6 and complete the Chapter 6 Google Doc
• Market and Mixed Economy Test is on Monday, July 15th

IDEOLOGICAL REACTION TO INDUSTRIALIZATION TEST STUDY GUIDE:

This test is multiple choice format. This test is on Thursday, July 11th. 

1. Please review material from these PowerPoint presentations: 

• "The Development of Classical Liberalism"
• "Responding to Classical Liberalism"

2. Be familiar with key concepts introduced in Chapters 3 and 4.
3. 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

4. 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 Kapital, The Communist Manifesto, withering away of the state, dictatorship of the proletariat, view of history, etc. ) and Friedrich Engels 
• Edmund Burke and classical conservatism

5. Some questions may require you to make connections between this year's material and what you learned in 10-1 and 20-1 as well 

MARKET ECONOMY AND MIXED ECONOMY EXAM STUDY GUIDE:

This exam will be on Monday, July 15th

• 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

July 9

Social 30-1

I went through a review of the boom and bust cycle, and then the Keynesian economic response to booms, recessions and depressions. We kept reviewing monetary policy and fiscal policy. I showed you a couple of videos from the BBC 20th Century History series, namely, "Boom and Bust" and "FDR and the New Deal". We went through, as a class, the notes on "Using Monetary and Fiscal Policy to Stabilize the Economy" and "The Great Depression in the USA". You also did some exit slips today, one before the break, and one at the end of the day. We went to the Blenheim Room to work on the Chapter 6 Google Doc, and to prepare for tomorrow's position paper.

UPCOMING IMPORTANT DATES AND HOMEWORK:

• Unit 1 WRA II Essay is on Wednesday, July 10th
• Ideological Reaction to Industrialization Test (Chapters 3 and 4) is on Thursday, July 11th
• Read Chapter 6 and complete the Chapter 6 Google Doc
• Market and Mixed Economy Test is on Monday, July 15th

IDEOLOGICAL REACTION TO INDUSTRIALIZATION TEST STUDY GUIDE:

This test is multiple choice format. This test is on Thursday, July 11th. 

1. Please review material from these PowerPoint presentations: 

• "The Development of Classical Liberalism"
• "Responding to Classical Liberalism"

2. Be familiar with key concepts introduced in Chapters 3 and 4.
3. 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

4. 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 Kapital, The Communist Manifesto, withering away of the state, dictatorship of the proletariat, view of history, etc. ) and Friedrich Engels 
• Edmund Burke and classical conservatism

5. Some questions may require you to make connections between this year's material and what you learned in 10-1 and 20-1 as well 

MARKET ECONOMY AND MIXED ECONOMY EXAM STUDY GUIDE:

This exam will be on Monday, July 15th

• 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