ECON*2100 Week 1 – Lecture 1 5 Big Questions. Readings file.

Slides:

Advertisements

Similar presentations

Prospects and Risks for East Asia in the Next Decade Presentation to the World Knowledge Forum Dean Baker Co-Director Center for Economic and Policy Research.

Advertisements

Jonathan Bradley THE GLOBAL ECONOMY IN 2003 A CHOICE OF TWO EVILS?

Copyright 2007 – Biz/ed Development Strategies.

China's Strategy to a Greener Economy Jintao Xu Peking University January 9, 2012, NYSE.

Development Issues within the world Trade vs. Aid.

Our durable planet 2001 AS UE Reading.

Freedom to make their own economic choices.  to protect people from potential problems that arise from the production of various products or the.

American free enterprise

The Environment. Content Market failure and the environment Markets and the environment Government policies and the environment: –Indirect taxes –Pollution.

The importance of economic growth

The GDP deflator Definition: –GDP deflator = nominal GDP/real GDP A by-product of measuring real GDP Provides a measure of “average” prices in the economy.

What questions would you like to ask?. From which country does the UK import the most services? (1) Germany To which country does the UK export the most.

The American Economic System

AP Economics Mr. Bernstein Module 37: Long Run Economic Growth March 30, 2015.

3.1 Understanding International Trade. The UK trades a high value of goods and services with other countries each year. Exports – goods and services the.

Question #1 Why is the concept of ‘scarcity’ important in rich countries as well as poor ones?

Introducing the Oman Green Building Centre 19 January 2013 City Season Hotel, Muscat Eng. Issam Mansour Chairman.

Economic Growth The long run view. Why economic growth is important The society’s standard of living Ability to produce goods and services Within a country.

Today’s Objectives  Introduce Chapter 3 – Markets  You will… Have a better understanding of PPF and productivity Study for your quiz next class (summative.

ECON*2100 Week 1 – Lecture 2 The Story of Economic Development 1.

China. Why is China a big deal? TONS of people! The CIA estimates there will be 1,336,718,015 people in July! – In Shanghai there are million people.

SAYRE | MORRIS Seventh Edition An Evaluation of Competitive Markets CHAPTER 9 9-1© 2012 McGraw-Hill Ryerson Limited.

INFLATION AND DEFLATION LUIS DELGADO PER. 3 LUCAS LOPEZ TREVOR HARVEY.

Ten Principles of Economics

Econ Teaser #1 Is it possible for the price level to go up at the same time inflation is going down?

Unit 1 Area of Study 2. An Externality is any effect on a third party that results from economic activities.

1 Introduction to exercise in emission scenario building Lars Strupeit Malé Declaration: Emission inventory preparation / scenarios / atmospheric transport.

Economics- Money Matters. Economics 1.A social science- deals with production of goods and services 2.With limited or scarce resources 3.For consumption.

Chapter 1: Ten Principles of Economics. What is Economics? Study of how society manages its scarce resources Therefore, basic economic concept is Scarcity.

Notes for Chapter 5 ECON Economics of Environmental Quality The exchange of private goods and services will generally result in socially efficient.

Page 1 Environmental Economics Real Economy: ”The part of the economy that is concerned with actually producing goods and services, as opposed to the part.

WHAT MAKES A COUNTRY DEVELOPED?

Environmental Economics Sedef Akgüngör Lecture 3.

Development of the Global Economy. The Importance of Productivity in an Age of Dilemmas Lecture #1.

Measuring Development Development Economics 4.2a.

 Many developing countries too reliant on primary commodities  Subject to wide price fluctuations and instability  Expansion of industrial base.

Monetary Policy. Monetary Policy = it refers to what the Federal Reserve does to influence the amount of money and credit in the economy. What happens.

ECONOMIC SYSTEMS WHAT ARE THEY? WHAT PURPOSE DO THEY SERVE?

The UK Supply Side. Key supply side concepts Aggregate supply Incentives for people and businesses Productivity The economy’s productive potential Capital.

EEP 101/econ 125 Environmental Kuznets Curve David Zilberman Katti Millock.

American Free Enterprise What is the American Dream?

Reaganomics = supply side/trickle down economics Cut taxes, especially for the wealthy and big business. Cut govt spending. No govt deficit. Keynesian.

Efficiency and Equity in a Competitive Market

Economic Systems Notes

CHAPTER 1 Ten Principles of Economics

ECON*2100 Week 2 – Lecture 3 Population Growth.

All are components of the factors of production EXCEPT ___.

The balance between markets and intervention

Promoting growth and stability

Lecture 24 December 14, 2005 Unlimited Wants

Adam Smith & Capitalism

EOC Review Questions from 12.1/12.2

The End of the Age of Oil Akito Matsumoto

Afternoon Discussion Topics – Lecture #1

What are FTA’s? Free Trade Associations

Warm up List all the resources needed to make a pencil and then use your phone to find out where each resource can be found in the world.

Economics of International Finance Econ. 315

ECON*2100 Week 1 – Lecture 1 5 Big Questions.

Economic Questions Chapter 2 Section 1.

Principles of Economics

Principles of Economics

The Benefits & Drawbacks of Growth

All are components of the factors of production EXCEPT ___.

Essential Question: How did the political theories of socialism and communism reflect the changes brought about by the period of industrialization?

Income Disparity Among Countries and Endogenous Growth

Basic Concepts Vocabulary

For raising the gas tax to $2 per gallon

Continue work on further promotion.

American free enterprise

Presentation transcript:

ECON*2100 Week 1 – Lecture 1 5 Big Questions

Readings file

5 Big Questions 1.Why do economies grow? 2.Will they keep growing? 3.Is growth bad for the environment? 4.Are we running out of resources? 5.What policies should we use to make future generations better off?

1. Why do economies grow? Because people want better lives

2. Will they keep growing? Yes, because growth arises from natural social processes: – specialization, savings, free exchange, innovation

3. Is growth bad for the environment?

No. Wealthy countries are cleaner than poor countries The only exception concerns CO2 emissions So unless CO2 is a BIG problem, the answer is probably no.

4. Are we running out of resources? No, we do not “run out” All that happens is some become too costly to use, and we have to find substitutes.

4. Are we running out of resources?

5. What policies should we use to make future generations better off? Pricing externalities (and other forms of pollution control policies) Promote efficient use of natural resources Promote economic growth

Next: The Story of Development