What's So Special About Science (And How Much Should We Spend on It?)‏

Slides:



Advertisements
Similar presentations
Outlook for the US Economy in the Coming Year Steven Kyle Cornell University December 10, 2013.
Advertisements

Who wants to be a Millionaire? PBM Test 2 Review.
Long-run economic growth The process by which rising productivity increases the average standard of living measured by real GDP per capita The Growth.
SIPRI 2004 Military Expenditure 2003 Military expenditure and arms production project.
Macroeconomic Goals Macroeconomic goals 1. Economic growth
Aggregate expenditure
Chapter 9: Economic Growth, the Financial System, and Business Cycles © 2008 Prentice Hall Business Publishing Economics R. Glenn Hubbard, Anthony Patrick.
A FIRST LOOK AT MACROECONOMICS
SHORT-RUN ECONOMIC FLUCTUATIONS
Statistics and Data Analysis Professor William Greene Stern School of Business IOMS Department Department of Economics.
Fig. 1 U.S. Real Gross Domestic Product, Real GDP (Billions of 1998 dollars)
Figure 14.1 Economic Growth in the ADE/ASR model.
Figure 12.1 American house prices; 12-month moving average, 1987 – 2012 Source: calculations based on data from US Census Bureau; median new house price.
Simplest Fractions for Whole Numbers. Look at this picture. How many parts are in each group? Yes, 4. What’s the bottom number for the fraction shown.
Copyright © 2011 Pearson Education, Inc. Modeling Our World.
Copyright © Cengage Learning. All rights reserved. Logarithmic Function Modeling SECTION 6.5.
Eco 6351 Economics for Managers Chapter 10a. The Business Cycle Prof. Vera Adamchik.
Warm-up What is the size of your household ( number of people)? How many TV’s does your family own? How many cars does your family have? What is the level.
Calculating economic growth. The formula for calculating % change in real GDP is the following % change in real GDP = final value of real GDP – initial.
DataPost College Debt Rising Student Loan Balances Federal Reserve Bank of San Francisco Economic Education Group Date last updated: May 22, 2012.
 Globalization.  Canada & south Africa Income per person(GDP per capita inflation adjusted)
2-1Measuring Economic Activity 2-2Economic Conditions Change 2-3Other Measure of Business Activity.
Income-Expenditure Model recession Great Recession.
Public and Private Funding Education in the United States.
Review of U.S. Economy. Review of Macro Concepts Unemployment (Ch. 7) Inflation (Ch. 7) GDP (Ch. 8) Economic growth & determinants (Ch. 9) Money, central.
Air Quality for All Kuznets Curves. Income per capita Pollution.
Circle Graphs Make and Analyze. Why do we have circle graphs? A circle graph is used to compare data that are parts of a whole. The pie-shaped sections.
DataPost College Debt Rising Student Loan Balances Federal Reserve Bank of San Francisco Economic Education & Outreach Date last updated: October 5, 2015.
How free markets create & divide wealth
Chapter 12 Art from Society and the Environment Pragmatic Solutions to Ecological Issues by Michael Carolan.
EXAMPLE 3 Graph y = ab + k for 0 < b < 1 x – h Graph y = 3 –2. State the domain and range. 1 2 x+1 SOLUTION Begin by sketching the graph of y =, which.
GDP that is measured at current prices is called GDP that has been adjusted for any price changes over time is called Let’s see how it works through one.
1.5 Exponential Functions Math 150 Introduction to Calculus.
How do I graph and use exponential growth and decay functions?
POPULATION GEOGRAPHY. World Population Early 1800s= 1 Billion 1999= 6 Billion 2050 est.= 9 Billion.
The Age of Sustainable Development
Measuring the Economy. Vocabulary Gross Domestic Product (GDP) GDP per Capita Base Year Business Cycle Prosperity Recession Depression Recovery Inflation.
Wealth How do we measure wealth?. Gross domestic product (GDP) This measures the wealth created in a country in a given year (includes the production.
ENTRY QUIZ 1.How many elements do you know? 2.What are they? 3.Which of them are inert gases? 4.Which are metals? 5.Which are metalloids?
Peterson-Kaiser Health System Tracker Health of the Healthcare System: An overview.
GDP Facts  GDP is called the single best measure of economic well-being.  GDP measures both the economy’s total income and expenditures.  Because most.
ITALY Fahad Mohammed ID:
Figure 1. (a–c) LE has been increasing globally from 1990 to 2008
From: Discovery of carbon-rich Miras in the Galactic bulge
Section 3 Module 11.
Inflation rate (π) Output (Y ) ASR0 ASR1 ADE1 ADE0
Macroeconomics Chapter 11 Income and Expenditure Third Edition
Multinational Comparisons of Health Systems Data, 2010
By: MADHIHA I., Samantha V., AUSTIN T., Paul V.
What do you see in these scatter plots?
NOV - Handouts November 19, 2009
Macroeconomics in Context
by Brian Czech, and Paul R. Krausman
GDP Facts GDP is called the single best measure of economic well-being. GDP measures both the economy’s total income and expenditures. Because most people.
A Preview of Macroeconomics.
Getting U.S. Basic Research Back on Track
GDP Facts GDP is called the single best measure of economic well-being. GDP measures both the economy’s total income and expenditures. Because most people.
Getting U.S. Basic Research Back on Track
Comment on “Cortical folding scales universally with surface area and thickness, not number of neurons” by Marc H. E. de Lussanet Science Volume 351(6275):
Minnesota’s GDP growth rate relative to the United States’ GDP growth rate, , %
Fig. 6 Relation between Q and other impact indicators.
Quantifying Long-Term Scientific Impact
Congratulations! Now Get to Work
College Debt Rising Student Loan Balances
GDP Facts GDP is called the single best measure of economic well-being. GDP measures both the economy’s total income and expenditures. Because most people.
(Trillions of Chained 2005 Dollars)
The Federal Investment in Basic Research, 1975–2012
Fig. 2 Time-resolved THz reflectivity from MAPI after band-edge optical excitation. Time-resolved THz reflectivity from MAPI after band-edge optical excitation.
Fig. 5 Stability of the Q parameter.
Presentation transcript:

What's So Special About Science (And How Much Should We Spend on It?)‏ by William H. Press Science Volume 342(6160):817-822 November 15, 2013 Published by AAAS

Fig. 1. Fig. 1. U.S. GDP per capita, corrected for inflation in 2005 dollars.The smooth green curve is an exponential fit to the data. Shaded date ranges show official periods of recession. On average, an individual's income in the United States has increased by about 2% per year for more than 130 years. William H. Press Science 2013;342:817-822 Published by AAAS

Fig. 2. Fig. 2. R&D spending by country in 2011 by percent of GDP and percent of population who are scientists and engineers.The size of the circles show the country's total R&D spending. William H. Press Science 2013;342:817-822 Published by AAAS

Fig. 3. Fig. 3. Two views of R&D spending.(A) U.S. total R&D spending as a percent of U.S. GDP. Total spending has fluctuated between about 2.2% and 2.8% since 1957. (B) Same data plotted as a fraction of total R&D spending. Over the period shown, industry's share of R&D funding has increased from about 1/3 to about 2/3. Other nonfederal funding has also grown in share. The U.S. government share has correspondingly decreased. William H. Press Science 2013;342:817-822 Published by AAAS

Fig. 4. Fig. 4. U.S. R&D spending on basic research in constant 2005 dollars (top curve).Funding sources are shown by the color bands. “Other” includes state and local government and nonprofit organizations. Industry funding of basic research stagnated at about $10 billion in the period 1991–2007, while federal support has stagnated at about $37 billion since 2003 (periods of stagnation shown as shaded). William H. Press Science 2013;342:817-822 Published by AAAS