Economics Week 2 Agenda

Economics Week 2 Agenda

Journals

Monday
Economists have really changed the course of time, please explain how the course of the world has been influenced by Adam Smith and Karl Marx.

Tuesday
Hong Kong Used to be part of the British Empire. When Hong Kong was to be passed over the Chinese several rich people in Hong Kong left the country what would you do?

Wednesday
Many African Governments are in transition from one form of economy to another (Traditional to something else) should the United States help these countries, or stay out of it? Why

Thursday

Friday
Should the United States let people travel to Cuba? Should we also losen the trade embargo on Cuba

Main Topics covered
Transitional economies
4 basic economic questions
China buying American debt
African imperialism

Assignments (assigned 12/15/09) due 12/17/09

Assignment 2 Economics (Build A Economic System)

10 points

You have just landed in a new island that no one else has ever been. On your sail boat there are 500 people and they all decide that you are going to be the new leader of this new land. You decide that before you decide what sort of government and economic system you will have you should survey the land to see what resources that land has.

Part 1 (3pts)

Draw a map of the island and make sure to include what natural resources are where, what part of the world your island is located, as well as where your town is located.


Part 2 (3pts) ½ a page

Please describe the pluses and minuses of each type of economic system.

Part 3 (4pts) ½ a page

What type of economic system did you decide to go with? Why is this economic system the best for your island, and how are you going to make sure your government does not get thrown over (how do you keep everyone happy)