1. Why Do Drug Dealers Live with their Mama?
2. Lesson #1 Incentves
   
   

1.  Read Syllabus and find 4 examples of incentives

1. Economic Trilogy notes (See me for notes)
2. Dating game to apply ESL terms

1. None

Freedom Reports Comparison 2016 vs. 2017
China 2016           China 2017
N.  Korea 16'        N. Korea 17'
US 16'                    US 17'
Hong Kong 16'     H. Kong 17'

 For each country find:

1.Overall rank

2.Ranking for each indicator (Property Rights, Freedom from corruption, Government Spending, Labor Freedom and Trade Freedom) and one sentence as to why they received each score
3.  

1.Why did peasants move to cities?

2.How did the Soviet Central Planners deal with shortages of food and consumer goods?

3.Explain how speculation worked and why it started.

4.BIG QUESTION: What is the relationship between incentives and different economic systems?  Why didn’t the 5 year plan work? (HINT: look at your notes for characteristics of a Market vs Command economy and show how lack of incentives changed behavior. )

–Explain the difference between “money” and currency

•Movie clip Two:

–What do banks do in order to take the power away from the original creditors, depositors (us!) and give power to themselves?