UNIT 2 – WEEK 2 AGENDA WEEK STARTING 10/15/2012 MONDAY DAY 2 10/15 TUESDAY DAY 1 10/16 WED. NO SCHOOL! PSAT 10/17 THURSDAY Day 2 10/18 FRIDAY Day 1 10/19 -Development of a Market Economy -Storyboard activity -Market Economy – Notes -Economic systems -Factors of Production -Factors of Production exercise -Peer Interview Activity -Beginning of Industrialization – Notes -Watch “The Children Who Built the Revolution” -“Interact With History” activity CLASS OBJECTIVES: 1. Explain the different reasons why Europe transitioned from a feudal to market society 2. Identify the social, economic, and political differences between feudal and market economy CLASS OBJECTIVES: 1. Describe at least 3 differences between a market and command economy 2. Differentiate between land, labor, and capital Distinguish between a market, command, traditional economy CLASS OBJECTIVES: 1. Describe at least 3 geographic features of Great Britain that may have given them an advantage over other countries 2. Evaluate 3 causes and effects of the Industrial Revolution 3. Describe the different features of child labor VOCAB: Capital VOCAB: Factors of Production Entrepreneurs Adam Smith The Invisible Hand Market, Command, Traditional Economy VOCAB: Enclosure Movement Crop Rotation Industrialization Revolution PRACTICE: Research an innovation that is currently being developed that will have an impact on society. 1) what the innovation is 2) who is developing the technology 3) how soon we can expect it 4) the impact it will have on society PRACTICE: -“Economies Around the World” PRACTICE: NO HOMEWORK!