World Economic History: Introduction October 1, 2007.

Slides:



Advertisements
Similar presentations
Studying Human Populations
Advertisements

Demographic Transition Model Models the trends seen in a country as it develops and industrializes. Namely, Crude Birth Rates and Crude Death Rates decrease,
Alomar_111_81 Economic Growth and Instability. Alomar_111_82 Economic Growth Economic growth can be define as: An increase in real GDP over some time.
Copyright © 2009 Pearson Addison-Wesley. All rights reserved. Chapter 6 Population Growth and Economic Development: Causes, Consequences, and Controversies.
Economic Growth Why do we care about economic growth? What is economic growth? How do you think we can explain it? Productivity- The quantity of output.
Chapter 12 Production and Growth.
Copyright © 2006 Pearson Addison-Wesley. All rights reserved. Chapter 6 Population Growth and Economic Development: Causes, Consequences, and Controversies.
Malthus to Solow Gary D. Hansen and Edward C. Prescott American Economic Review, September 2002 Presented by BAO Yan.
A Species Out of Control? Population Trends and the Malthus’ Theory of Population.
Economic Growth: Malthus and Solow
Demographic Transition Model. Why is population increasing at different rates in different countries?
Unified growth theory. From stagnation to growth Sustained economic growth is a recent phenomenon, most of it having occured in the past 200 years World.
Growth Theories Three main strands of Growth Theory have developed over time, each building upon and replacing the previous theory: Classical Growth Theory.
Copyright © 2008 Pearson Addison-Wesley. All rights reserved. Chapter 6 Economic Growth: Malthus and Solow.
World Population The World at 7 Billion. Quick Write What factors may cause us to see an increase or decrease in world population? What possible effects.
Lecture GEOG 270 Fall 2007 October 8, 2007 Joe Hannah, PhD Department of Geography University of Washington.
Chapter 6 Population Growth and Economic Development: Causes, Consequences, and Controversies.
AP Economics Mr. Bernstein Module 37: Long Run Economic Growth March 30, 2015.
Classical Theory of development. Classical Economics: Political Economy The pursuit of economic growth and development as a socially desirable goal is.
Population Growth and Economic Development: Causes, Consequences, and Controversies Chapter 6 1.
CHAPTER 8©E.Wayne Nafziger Development Economics 1 Chapter 8 Population and Development.
Chapter 5 Section 3 Human Population Growth
Trends in U.S Economic Growth Growth in the U.S. Economy  From 1908 to 2008, annual growth in real GDP per person in the United States averaged 2%. 
Descriptive Statistics. Policy Perceptions on Food Security: Abuse of Averages Source: Suryanarayana (2011) in India Development Report 2011.
2 8. Population and Development World population growth, , was 1.6% yearly, increasing the population from 4.4 billion to 6.5 billion. LDC population.
9-1 Studying Human Populations
Population, Technology, and Growth: From Malthusian Stagnation to the Demographic Transition and Beyond By Oded Galor and David Weil Discussant: Wang Xiongjian.
Population Part IV (A) Thomas Malthus, Population Bomb?
INDICATORS OF ECONOMIC DEVELOPMENT
Demographic – Population Theories Demographic Transition Theory Malthusian Overpopulation Theory.
The Population Explosion Genesis 1:28 “God Blessed them and said to them, be fruitful and increase in number; fill the earth and subdue it…” To understand.
Images of the Industrial Revolution Analysis of the lives of factory workers and the effects of Industrialization.
Calculating economic growth. The formula for calculating % change in real GDP is the following % change in real GDP = final value of real GDP – initial.
The Human Population Chapter 9
1 Defining Economic Growth Economic growth: an increase in Real GDP. Small changes in rates of growth  Big changes over many years Compound Growth Rule.
Module 11 Mar  Aggregate output is the total quantity of final goods and services produced within an economy  Real GDP – the total value of all.
1 Growth Theories Classical Growth Theory Classical growth theory is the view that real GDP growth is temporary and that when real GDP per person rises.
Population Growth and Economic Development: Causes, Consequences, and Controversies Chapter 6 1.
World Economic History Chapter 4 October 5, 2007.
POPULATION & DEMOGRAPHIC PYRAMIDSTRANSITION. Demographic Transition - Stage 1 F Demographic Transition - the change in population characteristics of a.
A MEASURE OF GROWTH AT DIFFERENT STAGES Demographic Transition Model (DTM)
19.3: HUMAN POPULATION GROWTH. By the end of this class 20,000 babies will have been born. What has caused this rapid growth? How long can this continue?
Modern Growth Chapter 10. Finally, we escaped Mislabeling history  Most observable changes: industrial sector  70%-80% of the population in agriculture.
Population Growth and Economic Development Causes, Consequences, and Controversies 2/16/20161 Pertemuan 6: Population and Economic Development.
How do you think that studying human populations will differ from studying animal populations? Do Now!
The Demographic Transition. Introduction The Demographic Transition was originally proposed in 1929 by Warren Thompson. It attempts to account for changes.
The Great Depression Canadian History. Picture Analysis.
The lessons of growth theory …can make a positive difference in the lives of hundreds of millions of people. These lessons help us  understand why poor.
Economic Growth. Would You Rather? Would you rather have an average income of 55K today or Have 55K and live in 1900 – Careful, you may be extreme wealthy.
World Population 4 Stages of Demographic Transition.
Economic Development Vocab and Terms
Human Geography.
World Economic History: Introduction
Economics of Fertility
Population and Economic Growth
Human Development Index
Table 4-1 Average Per Capita Growth Rates in Selected Industrialized Countries, 1980-Present COPYRIGHT 2001 by South-Western, a division of Thomson.
Overview of Macroeconomics
Population Growth and Economic Development: Causes, Consequences, and Controversies Lecture 5 1.
Measurement of Economic Performance
World Populations. World Populations Population Growth.
The Great Depression Canadian History.
World Population Growth
Warm-Up New ToC Entry Economic Development 4/7/
7.12 The Demographic Transition Concept
World Economic History
First & Last Name Class period
Developed and Developing Nations SOL8
Ch 4.2 Ch. 9 development.
Warm Up Take out a piece of paper and answer the following question: List 5 economic and social characteristics of a developed nation and 5 of a non-developed.
Presentation transcript:

World Economic History: Introduction October 1, 2007

Growth, historically

Introduction The Malthusian trap The Industrial Revolution The Great Divergence

Life expectancy (years) - today & back then

Diverging

The Malthusian economy

The Malthusian trap Who was Malthus? The model The trap

The 3 assumptions Each society has a birth rate (B) that increases with material living standards The death rate (D) declines as living standards increase Material living standards decline as population increases Population Income per capita B-D

Surviving children per woman, pre-modern

Life expectancy and death rates

Long-run equilibrium in the Malthusian economy

Revealed technological advance

Virtues and Vices in the Malthusian model

Living standards

Wages and Prices – some examples

Real Wages, England The plague Stagnant living standards….

GDP per capita: England vs. the other countries

Evidence for other countries in pre-modern times

Calories intake per capita

Stature and living standards

Hours worked