Economics – 2/15/11

I.  Bellwork

  • Page 40  Figure 2.2 Q&A

  • Page 42 Analyzing the Impact #1 Q&A

II. Objective:

Identify the characteristics of command, traditional, and market economies and examine how these are employed under different governmental systems

III.  Classwork

A.  Video:  Socialism

  1. What country was the focus of the video?

  2. How is their health care system financed?

  3. What is the basis of socialism?

  4. What did workers form to address their needs and working conditions?

  5. What two groups did Marx believe opposed each other?

  6. What did Marx believe would eventually happen?

  7. What are the 2 main goals of the government in this video?

  8. How did the government aid the ship building industry?

  9. What are the advantages and disadvantages of this system?

IV.  Notebook Check 1st-3rd hours


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