About This Chapter
Economics and Politics - Chapter Summary and Learning Objectives
This Economics and Politics chapter focuses on aspects of the modern economy as well as on political action committees and the pros and cons of capitalism and socialism. After watching these video lessons, you should understand more about:
- The various forms of government
- Weber's avenues to social power
- Three main social power theories
- The global economy
|The Evolution of Economy: Changes from the Agricultural and Industrial Revolutions||Read about changes brought on by the Industrial Revolution.|
|The Modern Economy: Primary, Secondary and Tertiary Sectors||Learn about primary, secondary and tertiary sectors of the modern economy.|
|The Information Revolution and the Rise of the Global Economy||Discuss effects of the Information Revolution on the world.|
|Capitalism vs. Socialism: Differences, Advantages/Disadvantages and the 'Underground Economy'||Learn about capitalism and socialism, and discuss aspects of the underground economy.|
|Labor in the U.S.: Unions, Labor Markets and Professions||Describe the functions of labor unions in the United States.|
|How Corporations Handle Competition, Environmental Policies and Consumer Concerns||Discover ways in which a company's consumers might influence its labor policies and the methods by which businesses handle competition.|
|Social Power Theory: Definition of Weber's Avenues to Social Power||Study traditional, charismatic and rational-legal authority.|
|Forms of Government: Monarchy, Democracy, Oligarchy and More||Learn about several forms of government, including totalitarianism and authoritarianism.|
|Political Power: Political Parties, Interest Groups and Political Action Committees (PACs)||Explore voter apathy and special interest groups in the United States.|
|Social Power Theories: Pluralist, Power-Elite and Marxist Models||Discuss the Marxist model and theories of societal social power.|
|World Systems Theory: Core vs. Peripheral Societies||Explore global inequalities and distinguish between peripheral and core nations.|
|Sources of Political Destabilization: Revolution, Terrorism and War||Learn about peace, war and terrorism as they relate to government and politics.|
1. The Evolution of Economy: Changes from the Agricultural and Industrial Revolutions
Explore how the economy has evolved from the agricultural era into a postindustrial society during the second agricultural revolution and the industrial revolution; how changes in technology and settlements impacted the workforce and economic power; and the primary, secondary, and tertiary economic sectors.
2. The Modern Economy: Primary, Secondary & Tertiary Sectors
The modern economy can be divided into three sectors that reflect the economic development of that society. This lesson will discuss and explore the interaction between the primary, secondary and tertiary sectors of the modern economy.
3. The Information Revolution & The Rise of the Global Economy
This lesson will focus on how the information revolution's technological advances allow businesses around the world to work together. Examine how and why this has led to big changes in the global economy.
4. Capitalism vs. Socialism: Differences, Advantages/Disadvantages & the 'Underground Economy'
This lesson explores formal and informal economies by discussing the differences between capitalism, socialism, and the underground economy. Key characteristics, advantages, and disadvantages of these economies will be covered.
5. Labor in the U.S.: Unions, Labor Markets & Professions
This lesson discusses the differences between the two labor markets in the United States - primary and secondary. It also defines labor unions and the characteristics of a profession.
6. How Corporations Handle Competition, Environmental Policies & Consumer Concerns
Corporations have many challenges and issues to handle. While some of those pertain to products and the services they provide, others are geared toward their image and issues outside the company walls. This lesson will focus on competition, environmental policies, and consumer concerns.
7. Social Power Theory: Definition of Weber's Avenues to Social Power
According to prominent sociologist Max Weber, there are only three legitimate avenues to social power. This lesson will discuss the differences between charismatic authority, traditional authority, and rational-legal authority.
8. Forms of Government: Monarchy, Democracy, Oligarchy & More
The governance of nations differs significantly based on who has power. This lesson will differentiate five forms of government: monarchy, democracy, oligarchy, authoritarianism, and totalitarianism.
9. Political Power: Political Parties, Interest Groups & Political Action Committees (PACs)
Sociologists often analyze political power by examining the relationship between those who hold power and those who seek it. We'll discuss political power and distinguish between political parties, special interest groups, and Political Action Committees.
10. Social Power Theories: Pluralist, Power-Elite & Marxist Models
This lesson will explain and differentiate three major theories of power in society: The pluralist model, the power-elite model and the Marxist model.
11. World Systems Theory: Core vs. Peripheral Societies
World systems theory was proposed by sociologist Immanuel Wallerstein. This lesson discusses the three-level hierarchy approach to economics, which consists of core, periphery, and semi-periphery countries, in the context of global inequality.
12. Sources of Political Destabilization: Revolution, Terrorism & War
In this lesson we will learn about the forces that lead to political destabilization in the world. Specifically we will examine revolution, terrorism, and war. We will identify examples from history and explore the ways these forces impact political stability.
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