Wednesday, February 23, 2011

February 23


I introduced you to the business cycle (boom and bust cycle) today. This is a concept that we will be building upon later in the course when we look at Keynesian economics and the monetary and fiscal policy responses to the various stages along the business cycle. If you missed class today, please make sure that you get these notes from a friend. We also went through a PowerPoint lecture called "Responding to Classical Liberalism and Industrialization". I have already sent this lecture to your e-mail accounts. Also, when you are checking your e-mail today you'll find that I have sent you notes on classical liberalism, Adam Smith and the market economy. Please print these notes off, read them, highlight and annotate them. I gave you the Chapter 4 Worksheet today. The Chapter 4 Key Terms and Questions are due on Wednesday, March 2nd.


You wrote your Chapter 1-2 Test today. I gave you most of the period to do this. Please remember that your Illustrated Concept Map Assignment is due tomorrow. Also, please remember that as part of this assignment you need to write a written description to go along with the concept map. Please use the following guidelines when writing this description. The big theme for Unit 1 is the impact of globalization on identity. Have an introductory paragraph that centers around the increasing interconnections and interdependencies that we are experiencing as a result of globalization. What impact does social globalization have on individual and collective identity? (2nd paragraph) What impact does economic globalization have on individual and collective identity? (3rd paragraph) What impact does political globalization have on individual and collective identity? (4th paragraph) Don't forget to include sub-concepts of these different types of globalization and their impacts on the different types of identity. Don't forget to have a concluding paragraph. You're looking a 5 x 5 structure on this written description. Please do not describe the steps involved in making your illustrated concept map either! I don't want to read about the various steps in the making your concept map ("first, I bought some poster paper and glue. I went home. I wrote the word 'globalization' in the middle of the poster"--this is not what I want the written description to be like).

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