Chapters 1-3 Test on Friday, February 2 (warm-ups due on test day)

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Chapters 1-3 Test on Friday, February 2 (warm-ups due on test day) ECONOMICS: January 26 Warm-up: How does socialism differ from capitalism? Learning Target In order to understand the purpose of economic transition, I will analyze why several countries have chosen to incorporate more capitalism into their economies. I will know I have it when I can explain: (1) the initial and longer term impact of transition on several countries; and (2) how their transitions impact U.S. markets. Chapter 2, Lesson 3: Global Transition to Capitalism --government involvement continuum --cartoon analysis --The Chinese Economy --standard of living --GDP vs. GDP per capita --calculating and ranking GDP per capita --transition and pollution --sample transitioning countries and their GDP data --does the U.S. like transitioning countries to grow economically? Assignment: read Chapter 3, Lessons 1 & 2 Chapters 1-3 Test on Friday, February 2 (warm-ups due on test day)