Start of Economic Theory - I know, it's as exciting as it sounds!

http://forumserver.twoplustwo.com/41/politics/political-cartoon-thread-521036/index6.html

 This week, we are going to be starting our first full unit, which will be based on different economic systems and particularly what it means to have a "liberal" economy. There are a couple things to remember:

1. The term LIBERAL does not always mean "change." The term liberalism came about during the Enlightenment to support a change to the society at the time. Since we have adopted those liberal/changing values of the Enlightenment, we have become a society based on those principles - which is why we call current society a liberal society.  You can "be a conservative" in a liberal society, you can "be a liberal" in a liberal society. 
2. When we talk about liberal societies, we are referring to ones that support human rights, democracy and capitalism. 

After Monday's class, this should be a little more clear as to what the ideology of liberalism actually means. This will lead us to specifically look at what it means to have economic liberalism - an economy that is based on predominantly around capitalism. This theory, which is the predominant economic theory around the world, is not the only economic theory and we will look at different systems to analyze the pros and cons of different systems. The goal will be to finish this unit before November Break. 

This week will look like....

Monday: 

• Yes, I know I told you super fun activity today. But, at 9:00 pm on Sunday, I remembered that I did not go get the necessary supplies. THUS - super fun activity will only be half done today and the rest is delayed to TUESDAY. I promise. But the first half of it should take the majority of the class anyways.

Tuesday: 

• Liberalism
• Finish Notes and watch the Videos about the three different revolutions

• The important revolutions:

AMERICAN

FRENCH

INDUSTRIAL

• Start notes on economic theory

Wednesday: 

• A look at the philosophy of Capitalism

Thursday:

• Rants by Shataya 
• Next Writing Practice
• 30-1 - second part of Assignment 1 = Relationship between sources
• 30-2 - second part of Assignment 2 = answering the question the sources did

Friday: 

• The pros of Capitalism

• The benefits of the Industrial Revolution
• Case Studies
• Pick 2 of the following case studies to look up and put on an economic spectrum
• -       making a pencil (Friedman video)
  -    cell phone technology/advancements in vehicles
  -    strength of US, Singapore economies
  -    Uber
  -       Privatizing water article, liquor stores, cell phones
  -    Lenin NEP (needed some competition, private ownership)
  -       Industrial Revolution
  -       fall of communism (Cuba liberalizing, improved relations with US)