This week we are looking at different types of economic models. It's important to remember that political systems and economic systems are two separate things but they are endogenous and are easily misunderstood. "Trying to explain the economy without mentioning power is like trying to explain politics without money."- Michael Goodwin
So while we may conflate the two terms when mentioning foreign states, this week we will be trying to separate and understand different types of economic systems and the power they have on populations. In class we will be playing Carcassonne and modifying the rules to focus on eight different types of economies. (Our modified rules are below).
You may also revise and resubmit your Chapter 1 Quiz.
Crash Course: Capitalism and Socialism
This is a useful Crash Course if you're still looking for clarity after reading our chapter.