Economics has been around for more than 250 years. During this period, many influential Economists and thinkers with their different theories have come and gone. We must remember that Economics, like any other Social Science, is seeking to describe and explain reality, often with an over-simplification in the use of Economic models and theory. Neoliberalism is one of the more recent economic theory, birthed during the oil crisis of the 70's. However, it has become more than a theory, it has become an ideology. This week we will explore what it is and how insidious and pervasive it is.

Lesson Objectives -

1. Explain the history and key characteristics of neoliberalism

2. Identify the neoliberalism at work in our lives

3. Reflect: Explain what neoliberalism means to you. Describe 1 way you see neoliberalism evidenced in your life or in our world.

4. Comment on 2 Peers' Reflection (75 words using terms and ideas learned, references not required)