Thursday, March 5th, 2015

Administrivia: 
-Pass out notes, quizzes, etc.
-What page are you on?
-Free Reading Book finished by March 16th

Quick Test:  Economy, Capitalism, Communism, Socialism, Profit, Societal value of the profit motive, Surplus value of labor, union, Competition, Exploitation.

Circle:
Explanation -- Capitalism is a competitive economic system where:
1) All people compete with each other to either appear more important in social rankings or to fit in where they think they belong -- remember Maslow's hierarchy of needs. This one os most important.
Then:
2) Suppliers compete to give people stuff at the highest price they can get away with;
3) Consumers compete with each other to pay as little as possible for things;
4) Workers compete with other to be paid as much as possible;
5) Owners compete with each other to pay workers as little as possible;
6) Workers compete with each other to be the most qualified.
Question -- Describe a time when you were aware that you were competing for something with the people around you.

Question: Where in The Rivals have you seen evidence that the people in the film are engaged in any of the competitions mentioned above? Write. Share.

Documentary:  The Rivals
While we watch, take notes gathering information that will help you decide where to live.

Documentary:  Roger and Me
While we watch, take notes gathering information.
Vocab:

GM

NAFTA

Capitalism

Communism

Reaganomics (also called “trickle-down economics”):

Management

Robert Schuler

Televangelist

Organized Labor

Labor Union

AFL

CIO

UAW

Closed Shop

Open Shop

Question: Why do you think we want you to learn about capitalism?  What do we hope you learn?

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ELA Learning Target
Integrate and evaluate multiple sources of information presented in different media or formats (e.g., visually, quantitatively) as well as in words in order to address a question or solve a problem.
Success Criteria: You will be able to use The Beans of Egypt, Maine; Mock Economy; Roger and Me; The Rivals; "Here Comes the Neighborhood" and census data to answer the question: Where do you want to live?

Social Studies Learning Target
1) Explain and analyze the possible role of government in personal, business and national economies.
2) Apply the concepts of specialization, economic interdependence and supply and demand as they relate to economic conditions or issues.
Success Criteria: In addition to answering the ELA focus questions, you will be able to answer the questions:
a) How does capitalism plays in distribute wealth?
b) How does environment/culture encourage or inhibit aspirations?
c) Explain what capitalism and socialism are and give examples of both in the Oxford Hills.
d) Explain the possible roles of government in improving and supporting a capitalist economy.
e) Explain what"Surplus value of labor" is and the role it play in capitalism.
f)  Explain are the benefits of capitalism?
g) What are the weaknesses of capitalism?