Social Science ii
Module 2: A History of Economic Thought
Assignment
1. Identify and define three important concepts in Adam Smith's economic theory.
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2. What were the main contributions of Malthus and David Ricardo to the development of economic thought in the Western world? Identify them.
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Malthus' contributions |
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Ricardo's contributions |
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3. Identify what for you were successes or failures of the utopian socialists. Support your answers.
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SUCCESSES OF THE UTOPIAN SOCIALISTS |
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FAILURES OF UTOPIAN SOCIALISTS |
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4. Which of Marx's theories do you find most interesting or correct? Which of these theories do you disagree with and why?
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I AGREE WITH... |
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I DISAGREE WITH... |
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REASONS TO AGREE |
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REASONS TO DISAGREE |
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5. What was Keynes' most important contribution to economic thought? How does he differ from Marx?
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KEYNES' MOST IMPORTANT CONTRIBUTION |
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Principales diferencias con Marx |
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6. Are Keynes and Galbraith comparable and can you establish differences or convergences between the two economists?
Support your answers.
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KEYNES AND GALBRAITH AGREE ON THE FOLLOWING POINTS... |
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KEYNES AND GALBRAITH DIFFER IN ... |
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Keynes |
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Galbraith |
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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
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U. S. A. |
U. S.S.R |
CHINA |
SWEDEN |
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b. Indicator 2: GNP
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U. S. A. |
U. S.S.R |
CHINA |
SWEDEN |
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c. Indicator 3: Per capita income
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U. S. A. |
U. S.S.R |
CHINA |
SWEDEN |
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d. Indicator 4: ____________
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U. S. A. |
U. S.S.R |
CHINA |
SWEDEN |
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e. Indicator 5: ____________
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U. S. A. |
U. S.S.R |
CHINA |
SWEDEN |
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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.
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9. Is it possible to develop a different economic system that draws from the best of each of the systems studied during this lesson?
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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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