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1. Identify and define three important concepts in Adam Smith’s economic theory.
Concept | Definition |
2. What were the main contributions of Malthus and David Ricardo to the development of economic thought in the Western world? Identify them.
Malthus’ contributions | Ricardo’s contributions | |
3. Identify what for you were successes or failures of the utopian socialists. Support your answers.
SUCCESSES OF THE UTOPIAN SOCIALISTS |
FAILURES OF UTOPIAN SOCIALISTS |
4. Which of Marx’s theories do you find most interesting or correct? Which of these theories do you disagree with and why?
I AGREE WITH… | I DISAGREE WITH… | |
REASONS TO AGREE | REASONS TO DISAGREE | |
5. What was Keynes’ most important contribution to economic thought? How does he differ from Marx?
KEYNES’ MOST IMPORTANT CONTRIBUTION |
Principales diferencias con Marx |
6. Are Keynes and Galbraith comparable and can you establish differences or convergences between the two economists?
Support your answers.
KEYNES AND GALBRAITH AGREE ON THE FOLLOWING POINTS… |
KEYNES AND GALBRAITH DIFFER IN … | ||
Keynes | Galbraith | |
7. Go to different sources on the Internet. Compare and contrast the following countries using as a basis different economic indicator such as: unemployment, gross national product, per capita income, and others.
a. Indicator 1: Unemployment level
U. S. A. | U. S.S.R | CHINA | SWEDEN |
b. Indicator 2: GNP
U. S. A. | U. S.S.R | CHINA | SWEDEN |
c. Indicator 3: Per capita income
U. S. A. | U. S.S.R | CHINA | SWEDEN |
d. Indicator 4: ____________
U. S. A. | U. S.S.R | CHINA | SWEDEN |
e. Indicator 5: ____________
U. S. A. | U. S.S.R | CHINA | SWEDEN |
8. Together with your classmates, try to identify what changes you would make to the economic or political-economic system of your country to make it more efficient. What should have more weight, freedom, or the distribution of wealth? Justify your answers.
9. Is it possible to develop a different economic system that draws from the best of each of the systems studied during this lesson?
10. Do you believe that the economic system in which you participate should guarantee you a job when you finish your studies, or do you think it is more important to practice the freedom to study what you want even if the system cannot guarantee you a job? Please argue.
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