Starter

• What is monetary policy?

Types of Government ReviewTypes of Economic Systems

• Authoritarian Government 1. Power held by individual or small group. 2. Government has unlimited power.

• 3. Power often taken by force. 4. Control extends to all aspects of citizen’s lives. 5. Citizens have little voice in government.

Absolute Monarchy

Dictatorship

Totalitarianism

Saudi ArabiaQatar

CubaLibya

ChinaNorth Korea

Types of Authoritarian Gov’t Countries with Authoritarian Government

Democratic Government

• 1.People participate in political process

• 2. Role of government is limited

Republic

United States

Argentina

ConstitutionalMonarchy

Great Britain

Japan

Types of Democratic Gov’t

Types of Economic Systems

• Create a foldable on the types of economic systems. I will walk you through process.

• Once foldable make, the following is the information that must in included in foldable.

• Traditional Economy • Command Economy• Market Economy• Mixed Economy

Pages in Civics book (p. 724, 717) Old Book (p. 578, 574)

• Traditional Economy:DefineHow are the 3 economic decisions (what, how, and for whom to produce) made?Provide Example

• Command Economy:Define:How are the 3 economic decisions (what, how, and for whom to produce) made?Who owns the means of production?Which Type of Gov’t most likely to have this economic system?

Pages in Civics book (p. 716, 719) Old Book (p. 524

• Market EconomyDefine:How are the 3 economic decisions (what, how, and for whom to produce) made?Who owns the means of production?Which Type of Gov’t most likely to have this economic system?

• Mixed Economy Define:How are the 3 economic decisions (what, how, and for whom to produce) made?Who owns the means of production?Which Type of Gov’t most likely to have this economic system?