Friday, January 20th, 2017

Circle: 

Unit: Economics and Globalization and Competition.
Our Mantra for this unit is that, you are ALWAYS competing.  
Students will understand the effects of globalization on our community, our state, our country as well as their own lives.

Vocabulary
capitalism
socialism
communism
economy
opportunity cost
capitalism
choice
scarcity
societal value of the profit motive
surplus value of labor
competition.

Capitalism & Socialism: Overview Video
Question: What is the best way to solve problems? Capitalism & Socialism?
Target: After viewing this video, you will be able write a paragraph explaining how people use global resources to make a profit in a capitalist system.
We have already watched: Crash Course on Capitalism & Socialism
1) Debrief: What were the important points that John Green made about Socialism & Capitalism?
2) In your view, what it the BEST use of a capitalist system?
3) What is the BEST use of a socialist system?
4) Where do you think capitalism and socialism need to work together?

Capitalism: Roger and Me
Question: What are the downsides to a competitive capitalist system.
Target: After viewing this film, you will be able explain some of the problems with capitalism. 
Before:
1) What is a labor union
2) What is NAFTA?
3) What is trickle-down economics?
During:
1) What was Flint, Michigan like in the 50's?
2) What brought about problems for Flint?
3) What is the job of a spokesperson?
4) Do private corporations have any obligations to take care of people?
5) Should the government do anything to help a city like Flint, Michigan?
6) There were 200,000 people in Flint in 1960, today there are 98,000.  Is General Motors responsible at all for the decrease in population and the problems it brings to the city.