March 14

Social 10-1

I went through a sample outline for a Unit 1 Essay today. I have sent this outline to you already. You have your Unit 1 Essay tomorrow, please go directly to the Blenheim Room. The outline I went through today was for a different text-based source, but it was very similar to the one that you will be writing on tomorrow. I also gave you the Unit 2 Worksheet today. We'll start Unit 2 material on Wednesday.

Social 30-1

I did a homework check on your Chapter 6 Key Terms and Questions today, and I returned your Analyzing Political Cartoon Assignments as well. You wrote your Ideological Reaction to Industrialization Test today. Next Monday (March 21st), you will be writing your Market Economy and Mixed Economy Test, please see the study guide below. Your Chapter 5 Key Terms are due on Wednesday.

Market Economy and Mixed Economy Exam Study Guide:

• 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)
• 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 (handout)
• how supply-side economics deals with a recession (handout)