1. TEACHING ECONOMIC CONCEPTS IN THE CONTEXT OF THE COLD WAR Dr. Felix B. Kwan Professor of Economics Maryville University Professional Development Workshop Parkway Schools November 4, 2014

2. Quick Survey of Economic Concepts Broad Framework  Basic Economic Concepts  Economic Causes of the Cold War  Impact of the Cold War on the Economies  Ramifications on Today’s Economy

3. An Interactive Lecture on National Wealth/Well-Being & Economic Systems * What constitutes wealth of a nation? * How did the US’s definition differ from the USSR’s?

4. An Interactive Lecture on National Wealth/Well-Being & Economic Systems * Which economic system is best for economic growth? What role should govt play in the economy?

5. Concept/Lecture Organizer  “Wealth” of a Nation Market Value of Products vs. Material Output  Economic System Market Capitalism vs. Planned Socialism

6. References & Resources Questions/Comments fkwan@maryville.edu