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Exam_1_Study_Guide[1] - TEST 1 Study GUIDE Commanding...

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TEST 1 Study GUIDE Commanding Heights - This video chronicles the shifts in economic thought during the 20th century and analyze critical concerns about how globalization will shape our lives in the interconnected world of the 21st century. HYPERLINK "http://www.pbs.org/wgbh/commandingheights/hi/index.html" http://www.pbs.org/wgbh/ commandingheights/hi/index.html     Video -  HYPERLINK "http://www.youtube.com/watch? v=qMu2hBk8uTM"  http://www.youtube.com/watch?v=qMu2hBk8uTM     There are a series of videos.  I do not know how much she shower in class,  but episode 1 is definitely mentioned in           powerpoints. Keynesian Economic Theory (including the specific political events and economic conditions that contributed to its popularity and then unpopularity) events that occurred his popularity: great depressions, wwII, post war golden age of capitalism and downfall: stagflation-His theory was all about GOVERNMENT INTERVENTION.The Great Depression encouraged his theory. - Also in Video episode 1. From link above, Keyn’s discussion begins at 4:20  HYPERLINK "http://www.youtube.com/watch?v=tPgAvz21wTs&feature=related"  http://www.youtube.com/watch?v=tPgAvz21wTs&feature=related  – popularity grows KEYNESIAN ECONOMIC THEORY talked about throughout all videos War Reparations - Video - meeting of versailles countries wanted Germany to pay reparations for the cost of the war- HYPERLINK "http://www.youtube.com/ watch?v=zYpemE1fl-4&feature=related" Reperations talk starts 20 seconds in.   sound quality not great. Stagflation - hyper-inflation and economic stagnation occur simultaneously. Result of paying reperations was one cause for countries in Europe. Video – 2 nd link above 8:00. Next video - HYPERLINK "http://www.youtube.com/watch?v=fdPe01lW24g&feature=related" http://www.youtube.com/watch?v=fdPe01lW24g&feature=related 4:20 into video talks about Keynes and stagflation. Bretton Woods Conference - HYPERLINK "http://www.youtube.com/watch? v=tPgAvz21wTs&feature=related" http://www.youtube.com/watch? v=tPgAvz21wTs&feature=related – 5:20 Delegates from all over the world to develop post-war economy Created world bank and international monetary funds Stability to world economy
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-----------------Disadvantages of State-Owned Enterprises - Not able to use resources as efficiently, no incentive for growth/expansion, creates higher prices for consumers ex: private high school vs. public  HYPERLINK  "http://www.pbs.org/wgbh/commandingheights/shared/minitext/ess_stateownedcomp.html"  http:// www.pbs.org/wgbh/commandingheights/shared/minitext/ess_stateownedcomp.html Key historical events in the road to the global economy Globalization - a shift toward a more integrated and more independent economy. - we're all getting closer and interconnected- a smaller world where prices are all about the same everywhere.
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Exam_1_Study_Guide[1] - TEST 1 Study GUIDE Commanding...

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