World History MONDAY DAY 2 10/15 FOR THE WEEK STARTING 10/15/12 TUESDAY DAY 1 10/16 WED. Day 10/17 THURSDAY Day 2 10/18 FRIDAY Day 1 10/19 Class: Class: 1. Complete Development of Market Economy Storyboard 2. Notes: 3 Economic Questions/Systems 3. Tootsie Roll Auction Class: NO CLASS Class: 1. Quiz: 3 Economic Questions 2. Simulation: The Magic of Markets 3. Beginnings of Industrial Revolution Class: CLASS OBJECTIVES: 1. 1. Describe and explain the structure of a feudal economy 2. Compare and Contrast Feudal England and Industrial England 3. Understand the concept of specialization and incentive 4. Explain the positive impact that private property and the rule of law has in a free market CLASS OBJECTIVES: CLASS OBJECTIVES: CLASS OBJECTIVES: CLASS OBJECTIVES: PSAT DAY 1. Simulate how free markets create incentives to increase wealth 2. Explain the positive impact that private property and the rule of law has in a free market 3. VOCAB: VOCAB: VOCAB: PRACTICE: / PRACTICE: / Homework: Feudalism Manor Guild Lord Centralized Gov’t Market Economy Command Economy Traditional Economy Specialization PRACTICE: / Homework: 1. Quiz: 3 Economic Questions/Developmen t of Market Economy 2. Bring 2 small items to class VOCAB: Market Economy Incentives Agricultural Revolution Industrial Revolution Textiles Enclosure Movement Crop Rotation Cotton Gin PRACTICE / Homework: Read Chapter 9 / Section 1 (Complete Reading Guide Questions) VOCAB: PRACTICE: / Homework: