A皮hebok Why is middle class weighed down?(para 3. page 20) Please differentiate "assets"and"liabilities" (the same para. The advantages and disadvantages of a savings account?(para.4,page 20) The concept of "compounding (the same para) What is active incom financial independence? passive income,and Please give a summary of PartI Home Assignments: Review the questions(ifany)listed in the lecture outline. Session 3.Government Intervention and Economic Systems 明对违规企业的您罚要和当地的就业和少数民族地区的社会稳定相结合” ：调和附在经济调节和吝地区均 衡发展中的重要作用。以实际案例（奶粉事件）来说 Lecture Outline 1.Definition. Systems:sets of rules,different ways An economic system is a basic set of rules for allocating a society's (limited)resources properly (in order to satisfy everyone's needs, provide people with the goods services they 3.Disadvantages of different economic systems Capitalism:not responsive to the needs of the old,disabled, not protect the environment (Solution:government control) Socialism and communism:not create enough 44 How was the author changed by the book “Rich Dad, Poor Dad”(para.2, page 20) Why is middle class weighed down? (para. 3, page 20) Please differentiate “assets” and “liabilities” (the same para.) The advantages and disadvantages of a savings account? (para. 4, page 20) The concept of “compounding” (the same para.) What is active income, passive income, and financial independence? Please give a summary of Part I. Home Assignments: Review the questions (if any) listed in the lecture outline. Teaching Methods: Lecturing, presentation, discussion, teamwork and case study with the aid of multi-media Session 3. Government Intervention and Economic Systems 思政内容：强调党和政府在经济调节和各地区均衡发展中的重要作用。以实际案例（奶粉事件）来说 明对违规企业的惩罚要和当地的就业和少数民族地区的社会稳定相结合。 Lecture Outline 1.Definition. Systems: sets of rules, different ways An economic system is a basic set of rules for allocating a society’s (limited) resources properly (in order to satisfy everyone’s needs, provide people with the goods and services they want). 2. Classification. 3. Disadvantages of different economic systems Capitalism: not responsive to the needs of the old, disabled, elders; not protect the environment (Solution: government control) Socialism and communism: not create enough