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

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

 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

 What great things happened this weekend?

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

“Whatever you are, be a good one.” – Abraham Lincoln

 Circle and define words that are unfamiliar.  Underline the main point for every paragraph.  Write your thoughts and questions in the margins.

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.

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

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?

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

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

 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

“Someone’s sitting in the shade today because someone planted a tree a long time ago” – Warren Buffett

 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

 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

 With your group analyze documents 2-4  Remember to use our annotation strategies  What are the perspectives of each of the people?

 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

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

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

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

 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

“Judge each day not by the harvest you reap but by the seeds you plant.” – Robert Louis Stevenson

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

 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.

 Create a rap about your assigned topic

 What will you do to prepare for the Benchmark Exam?

 Get with your Rap Review Groups and begin to practice

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

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

“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

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

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

“We cannot become what we need to be by remaining what we are.” - Max de Pree