Politics & International Business
Learning Goals
By the end of this portion of Unit 2 I should:
1. Understand the Business Cycle
2. Understand different economy types.
3. Apply my learning to my Course Culminating Activity
4. Compare and contrast the differences between monetary and fiscal policy
1. Understand the Business Cycle
2. Understand different economy types.
3. Apply my learning to my Course Culminating Activity
4. Compare and contrast the differences between monetary and fiscal policy
Unit 2.4 Governments
Review the following two videos and then image. Where do you feel you are on it. After you have completed the videos, and read about the political philosophies, plot yourself on the diagram below.
Authoritarianism: the enforcement or advocacy of strict obedience to authority at the expense of personal freedom
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Libertarianism: strongly value individual freedom and see this as justifying strong protections for individual freedom.
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Types of Governments
In your groups you will be assigned two of the government types below. Look up what it means and be prepared to type in a. definition as well as an example. It is best if you put what you read online into your own words. Then after all the definitions are in, rank them from worst to first.
Democracy: A form of government in which the people have the power. There are many democracies worldwide. Norway leads the Index as the world's strongest democracy. Democratically governed nations are more likely to secure peace, dear aggression, promote economic development, combat terrorism and crime, uphold human rights, and protect human health.
Dictatorship: When one person or small group of people control everything and hold absolute control over the country, citizens don't get constitutional rights. For example Nazi Germany and Hitler, and Putin and Communist Russia.
Communist: Communism is a form of society in which everything has public ownership and is distributed equally or according to the individual needs among the people. For example the Soviet Union and China are communist countries.
Theocratic:
theocratic is a government thats based upon a specific religion or identity, theocratic countries are Saudi Arabia, Iran and the Vatican. Theocratic as an example is when a government enforces a sate religion.
Fascist: One dictatorial leader leads a Fascist Party, and they are a far-right party which means they are extreme nationalists. This leads to militarism and they tend to abuse power. Example is Adolf Hitler and the Nazi Party.
Democratic Socialist:
Democratic socialism is a system where ordinary everyday people have a voice and impact in our workplaces, neighborhoods, and society.
Germany and Netherlands is an example of democratic socialist society.
Dictatorship: When one person or small group of people control everything and hold absolute control over the country, citizens don't get constitutional rights. For example Nazi Germany and Hitler, and Putin and Communist Russia.
Communist: Communism is a form of society in which everything has public ownership and is distributed equally or according to the individual needs among the people. For example the Soviet Union and China are communist countries.
Theocratic:
theocratic is a government thats based upon a specific religion or identity, theocratic countries are Saudi Arabia, Iran and the Vatican. Theocratic as an example is when a government enforces a sate religion.
Fascist: One dictatorial leader leads a Fascist Party, and they are a far-right party which means they are extreme nationalists. This leads to militarism and they tend to abuse power. Example is Adolf Hitler and the Nazi Party.
Democratic Socialist:
Democratic socialism is a system where ordinary everyday people have a voice and impact in our workplaces, neighborhoods, and society.
Germany and Netherlands is an example of democratic socialist society.
Happiness vs. Wealth
Together we will watch the following videos about Social Democracies. Why are they successful? Why are people happy? How is this different from what North America feels happiness is and how we judge success?
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Unit 2.5 Economics
What type of political system does the country you are studying (for your portfolio) have? What type of economic system does it have? Are they successful?
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Government Interaction: View the image on Lobbyists and the videos on Government Interest Groups, then answer the following questions:
1. Do you think lobbyists help or harm how governments operate? Explain.
2. How much power do you think Lobbyists should have? 3. Do they act in the best interest of people, corporations or themselves?
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Netflix Explained: Billionaires
Watch the Netflix short Doc on Billionaires and answer the following questions:
Note: One of These IS on your test!
During Doc
1. What has caused the increase in global super wealth?
2. What is an emerging economy?
3. What is "winner take all"?
4. What is capital? Give 5 examples.
5. What is the relationship between labour and capital? How is globalization involved?
6. What are Kleptocrats?
7. Why are offshore tax havens bad for Canadian society?
After Doc
8. Does morality matter when it comes to getting wealth? Why or why not?
9. Are billionaires good or bad for society? Why or why not?
Watch the linked video here and review the diagram below. Then complete the Absolute and Comparative Advantage readings.
What is our current inflation rate? What has the government done so far to combat inflation? Who is most negatively affected by inflation?
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During Periods of Inflation:
1. Central Bank/Treasury shifts money from Chartered Banks and decreases their Reserves thereby making it more difficult for them to lend money with a higher interest rate. 2. High Interest Rate discourages consumers to borrow for large purchases (Big Ticket Items). Businesses respond by cutting investment in inventories, and equipment During Periods of Recession: 1. Central Bank/Treasury shifts money to Chartered Banks and increases their Reserves making it easier for them to lend money with a lower interest rate 2. Low Interest Rate encourages consumers to borrow for large purchases (Big Ticket Items). 3. Businesses respond by borrowing to increase inventories, and equipment |
Absolute and Comparative Advantages
Watch the video linked here and read the short write-up about absolute advantages, then watch the short video and read the article linked here on comparative advantages. Note down the definitions of both.
After watching the videos and reading the short articles, use the country you are studying for your country portfolio and answer the below questions: (this information SHOULD go in your Country Portfolio Assignment).
1. Does the country you are studying for your Country Portfolio have an absolute advantage (you may have to find its exports) at producing something?
2. How does that contribute to the development or lack thereof of the country you are studying for your Portfolio?
3. Does the country you are studying for your Portfolio have a comparative advantage at producing something?
After watching the videos and reading the short articles, use the country you are studying for your country portfolio and answer the below questions: (this information SHOULD go in your Country Portfolio Assignment).
1. Does the country you are studying for your Country Portfolio have an absolute advantage (you may have to find its exports) at producing something?
2. How does that contribute to the development or lack thereof of the country you are studying for your Portfolio?
3. Does the country you are studying for your Portfolio have a comparative advantage at producing something?
You will have some time to work on your Country Portfolio at this point. Be sure to look to apply some of the learning from this unit. Some suggested topics you could include are:
1. Hofstede's Cultural Dimensions of your country.
2. Your country's economic type.
3. The political structure and stability of your country.
4. Your country's overall economic success.
5. Does your country have a comparative or competitive advantage? What is it?
1. Hofstede's Cultural Dimensions of your country.
2. Your country's economic type.
3. The political structure and stability of your country.
4. Your country's overall economic success.
5. Does your country have a comparative or competitive advantage? What is it?
Unit 2 Test - 5%
You will be having a Final Test in this course and as such it is important that you have a document to study from and have experienced a test in this course first. Look at this as a Practice Test as it is only worth 5% of your overall grade.
Test Format:
Part 1: Identify and Define the Significance. You will choose 3 of 5 terms from the unit and explain both what they are and why they are important. 3 Marks each for a total of 9 marks. You get 1 mark for what it is and 2 marks for why it is important. You may also include an example to get marks.
Part 2: Short Answer. You will have 5 Short Answer Questions that will focus on important things we have studied this Unit.
Part 3: Longer Answer. You will choose You will choose 1 of 2 questions you are given and in 2 paragraphs you will respond to a topic or quotation from the unit.
Test Format:
Part 1: Identify and Define the Significance. You will choose 3 of 5 terms from the unit and explain both what they are and why they are important. 3 Marks each for a total of 9 marks. You get 1 mark for what it is and 2 marks for why it is important. You may also include an example to get marks.
Part 2: Short Answer. You will have 5 Short Answer Questions that will focus on important things we have studied this Unit.
Part 3: Longer Answer. You will choose You will choose 1 of 2 questions you are given and in 2 paragraphs you will respond to a topic or quotation from the unit.