Do you think people should be required to donate money to others in need? Why or why not?

Do Now

Do you think people should be required to donate money

to others in need? Why or

why not?

2.1: Marx and Smith

Objective: Explain and analyze the motivating visions behind the free-market system and socialism

Agenda

Do Now: 5 min Good Things Monday: 3 min Quote of the Day: 2 min Test Review: 10 min Smith v. Marx: 15 min Check for Understanding: 10 min Comparing and Contrasting Thinkers:

10 Exit Ticket: 5 min

Good Things Monday

What great things happened this weekend?

Test Review

Commonly Missed Questions Number 12 – Specialization Number 13 – Division of Labor Number 15 – PPF Curve Number 17 – Marginal Utility Number 18 – Diminishing Marginal Utility

Quote of the Day

“Whatever you are, be a good one.”

– Abraham Lincoln  

Annotation Strategies

Circle and define words that are unfamiliar.

Underline the main point for every paragraph.

Write your thoughts and questions in the margins.

Who Said That: Smith or Marx?

1. I think that greed is good

2. I think that people in charge have a tendency to take advantage of their workers

3. I think that everyone in society should be equal

4. I think that risk-taking leads to the advancement of society

5. I think that self interest guides us in the right direction

6. I think that the workers should share the profits with the owners

7. I think that competition for money leads to lower prices for buyers.

8. I believe that the value of any good is the time and effort that went into producing the good.

9. I believe that an “invisible hand” guides the economic system in a positive way.

Compare and Contrast: These Thinkers

Choose three main ideas that describe Marx’s

beliefs

Choose three main ideas that

describe Smith’s beliefs

What are three things they had in common?

USE YOUR OWN

WORDS

Exit Ticket

1. Explain the “Invisible Hand” theory written by Adam Smith. How does this “invisible hand” lead to a society that is beneficial for all?

2. Explain the ideas of Karl Marx – why did he believe that we should live in a socialist society?

3. Which side do you agree with and why? (Think about everything you already know about capitalism and socialism.)

4. What do you find confusing about Smith and Marx?

Do Now

Compare and contrast the economic theories of Karl Marx and Adam Smith

2.1b Smith v. Marx

Explain and analyze the motivating visions behind the free-market system and socialism; understand the process of writing a DBQ

Agenda

Do Now: 4 min Quote of the Day: 1 min Document Based Questions: 5 min Smith V. Marx DBQ Example: 5 min Group Practice: 10 min Debrief: 5 min Independent Practice 15 min Closing: 5 min

Quote of the Day

“Someone’s sitting in the shade today because someone

planted a tree a long time ago”

– Warren Buffett   

Document Based Questions

DBQ’s allow us to analyze real world context and synthesize the context into writing.

DBQ’s are an essential part of rigorous Social Studies testing you will take

Complex – but easy if you take the right steps

DBQ Rubric

Example Answer

Describe the speaker’s point of view about Capitalism. Katia believes that communism is better

than capitalism because it allows for every person to live with a job. Instead of some people becoming rich, all people can live to a high standard of living

Group Practice

With your group analyze documents 2-4

Remember to use our annotation strategies

What are the perspectives of each of the people?

Indpendent Work

Analyze the final three author’s perspectives

Write an essay in which you (1) Describe how these two economic systems attempt to meet the needs of the people. (2) Evaluate how successful each system has been at meeting the economic needs of the people. Be sure to use the documents for support

DBQ

Write an essay in which you (1) Describe how these two economic systems attempt to meet the needs of the people. (2) Evaluate how successful each system has been at meeting the economic needs of the people. Be sure to use the documents for support

Do Now

1. What have you learned so far in Economics? What questions do you have about the material covered so far this quarter?

2. Download Bubblesheet from the App store

Benchmark Review Day

Objective: Students will display mastery of the material covered so far this quarter.

Agenda

Do Now: 4 min Quote of the Day: 1 min Questions from unit: 5 min Review Game 20 min Review Activity: 25 min Closing Activity: 5 min

Quote of the Day

“Judge each day not by the harvest you reap but by the

seeds you plant.”– Robert Louis Stevenson  

Questions from the Review

What questions do you have from the material covered so far this year?

Review Game – Grudgeball

Goal: be the team with the most x’s on the board by the end of the game

Eliminate X’s based on success in the game 1 x for getting the question right 2 x’s for two point shot 3 x’s for three point shot

X’s will be removed for off task behavior, talking etc.

Rap Review

Create a rap about your assigned topic

Closing

What will you do to prepare for the Benchmark Exam?

Do Now

Get with your Rap Review Groups and begin to practice

Benchmark Exam

Objective: Students will display mastery of material covered so far this quarter on the benchmark exam.

Agenda

Rap Review: 20 min Test: 25 min DBQ: 15 min

Quote of the Day

“When you determine what you want, you have made the most important decision of your life.

You have to know what you want in order to attain it.”

-Douglass Lurton

Rap Review

Do Now

Current Events – Gas Prices

Objective: Students will be able to explain and analyze the influence of current events on the American economic system.

Agenda

Do Now: 4 min Quote of the Day: 1 min

Quote of the Day

“We cannot become what we need to be by remaining what

we are.”- Max de Pree