Honors Civics & Economics Review Project This assignment is worth 2 Test Grades Due – Friday May 27th Directions – This semester we have learned many economic and government concepts – many of which are difficult to understand and apply. Many of these concepts will also appear on the state test that is quickly approaching. To re-cap our studies this semester, you will create a review booklet representing some of these major concepts. The following concepts will have their own page in your review booklet: Government Concepts – 1. England’s Political Developments – Magna Carta, Parliament, English Bill of Rights, and Common Law (p.33-34) 2. The Enlightenment’s Influence on our American Government -review John, Locke, Baron de Montesquieu, Francois Voltaire, Jean Jacques Rousseau, and Adam Smith (p34-35) 3. Reasons for American Independence – 1600s-1776 (p36-56) 4. The Articles of Confederation (p.68-70) 5. The Constitutional Convention (p.72-78) 6. Popular Sovereignty ** 7. Federalism ** 8. Separation of Powers and Our National Government’s Structure ** 9. Checks and Balances in our National Government ** Economic Concepts – 10. Scarcity, Trade-offs, Opportunity Cost, Product and Factor Markets (p.501-505, 517, 522-523) 11. Economic Systems: Traditional, Command, Market, and Mixed (p.716-724) 12. Consumer Rights and Responsibilities, Planning, Budgeting, Credit (p.538-549) 13. Saving, investing, Banking services (p552-558, 667-669) 14. The Law of Demand (p.568-578) 15. The Law of Supply (p.580-585) 16. How Supply and Demand Work Together (p.587-592) 17. Types of Businesses (p.600-606) 18. International Trade, Comparative Advantage, Specialization and NAFTA (p.706-713) 19. The Business Cycle (p.638-644) 20. Monetary Policy and The Federal Reserve, Fiscal Policy (p.641, 660-665, 691-692) For each item (1-20), you will have at least 1 page in your booklet – 12 point font, single spaced. For each concept(s) on that page, you will have an image or diagram that simply explains that concept. It must be neat, relevant, and helpful for explaining that concept. Label the image/diagram as needed so that you (and Mrs. Kelley) can understand it. In addition, for each concept on the page, you will explain the concept in detail. NO COPYING AND PASTING FROM THE BOOK, THE INTERNET OR YOUR FRIEND! Put the concept in your own words. For the 4 items marked with **, you will also need to give ample specific examples of how these governmental concepts appear in our nation’s government. Compile and bind all pages so that they form a readable booklet. I am looking for an impressive finished product!