Upload
abel-knight
View
216
Download
0
Tags:
Embed Size (px)
Citation preview
FEBRUARY 26TH, 2015
• OBJECTIVE: TODAY, STUDENTS WILL UNDERSTAND THE DIFFERENT TYPES OF ECONOMIES THAT EXIST AND HOW THEY FUNCTION.
• WORD OF THE DAY: ECONOMY
• AGENDA: DISCUSS WORD OF THE DAY. COVER LENIN READING. VIEW POWER POINT. DISCUSS IDEAS.
• CONTENT STANDARD: 7 – E3.3.1 EXPLAIN AND COMPARE HOW ECONOMIC SYSTEMS (TRADITIONAL, COMMAND, AND MARKET) ANSWER FOUR BASIC QUESTIONS: WHAT SHOULD BE PRODUCED? HOW WILL IT BE PRODUCED? HOW WILL IT BE DISTRIBUTED? WHO WILL RECEIVE THE BENEFITS OF PRODUCTION?
ECONOMY:
• THE WAY A COUNTRY MANAGES ITS MONEY AND RESOURCES (SUCH AS WORKERS AND LAND) TO PRODUCE, BUY, AND SELL GOODS AND SERVICES.
• EVERY COUNTRY HAS SOME TYPE OF ECONOMY.
• WHY WOULD/COULD PEOPLE DISAGREE ON HOW TO RUN AN ECONOMY?
VLADIMIR LENIN• WANTED REVENGE FOR HIS BROTHER
BEING KILLED
• BROTHER TRIED TO OVERTHROW THE TSAR
• ELITE INTELLECTUAL
• STARTED FIRST COMMUNIST GOVERNMENT
• BOSSY, GOOFY
• VLADIMIR LENIN WAS NOT HIS REAL NAME
• WAS RUNNING FROM THE POLICE
• SENT TO PRISON IN SIBERIA FOR 3 YEARS
• BECOME CAME COMMUNIST IN EUROPE
• LEFT RUSSIA IN 1900
• LAWYER
• PUBLISHED A COMMUNIST NEWSPAPER
• THROWN OUT OF COLLEGE FOR STARTING A RIOT
• LIVED IN MUNICH
• LED THE OCTOBER REVOLUTION
• SAID HE WAS NON-THREATENING
• FAMILY WAS ASHAMED BECAUSE BROTHER TRIED TO OVERTHROW THE TSAR
IN THE UNITED STATES
• IF YOU WANT SOMETHING, WHAT DO YOU DO?
• YOU BUY IT.
• BUT HOW DO YOU DO THAT?
• WHAT’S THE PROCESS?
WHAT MAKES THAT POSSIBLE?• THE UNITED STATES LIVES IN A
“FREE MARKET ECONOMY”
• LE’TS BREAK IT DOWN BY WORDS.
• WHAT DOES FREE MEAN?
• WHAT DOES MARKET MEAN?
• THINK SUPER MARKET…
• AND WHAT IS AN ECONOMY AGAIN?
WELL…
• IN THE UNITED STATES, THE ECONOMY IS DRIVEN BY WANTS AND NEEDS.
• IF YOU WANT OR NEED SOMETHING YOU GO AND BUY IT.
• THERE IS NO GOVERNMENT REGULATING WHAT YOU PURCHASE…
• TOTALLY…
• WHAT’S THAT MEAN?
SO…THERE ARE OTHER TYPES OF ECONOMIES…
• WE HAVE FREE MARKET, BUT WHAT ARE THE OTHERS?
• TRADITIONAL ECONOMY
• COMMAND ECONOMY
• MIXED ECONOMY
• BUT WHAT ARE THEY?
TRADITIONAL ECONOMY
• THESE ARE FOUND IN VERY TRADITIONAL AREAS THAT DO NOT HAVE VAST AMOUNTS OF TECHNOLOGY.
• SKILLS ARE HANDED DOWN THROUGH THE FAMILY.
• THIS TYPE OF ECONOMY IS BASED ON RELIGIOUS AND CULTURAL TRADITIONS.
• THE ELDERS MAKE MOST OF THE DECISIONS ABOUT THE SOCIETY.
• FUNCTION ON THE BARTER SYSTEM.
COMMAND ECONOMY
• ECONOMIC SYSTEM WHERE ALL DECISIONS ARE BASED ON A CENTRAL COMMAND (GOVERNMENT).
• GOVERNMENT DECIDES ALL ECONOMIC DECISIONS.
• GOVERNMENT OWNS EVERYTHING.
• CAN’T BUY AND SELL AS YOU PLEASE.
• THINK DICTATORSHIPS.
MIXED ECONOMY
• A MIXED ECONOMY IS A COMBINATION OF A COMMAND ECONOMY AND A FREE MARKET ECONOMY.
• THEY HAVE TAXES AND HELP PEOPLE WHO MAY NEED IT.
• THE GOVERNMENT PLAYS SOME ROLE IN THE ECONOMY, BUT DOES NOT ENTIRELY CONTROL IT.
• JUST CERTAIN THINGS.
• THIS IS ACTUALLY THE TYPE OF ECONOMY THE UNITED STATES HAS.