1. Human Development Index

2. What factors indicate an economy’s success rates?
share of raw materials being recycled
Political freedom
rate of population growth
What factors
indicate an
economy’s
success rates?
Infrastructure
percentage of energy from renewable resources
Life expectancy
income distribution
infant mortality
incidence of stress related disease.
diversity of species
literacy
education
clean water
sanitation
health
clean air
Medical care

3. In small groups…use the cut-out’s…..
Sort these categories into what you feel are the most to least important factor of measuring an economy’s success rates.
Use a Diamond shape for your priorities…
What have
you included….?
3.5_ HDI list for activity.xls

4. Watch this….

5. Need to know this for exam.
What is HDI?
HDI – Human Development Index
It is a UN measure of a country’s development
It gives countries a value between 0 and 1 on THREE key factors
Resources
Knowledge
Life Span
Need to know this for exam.

6. HDI - Resources Measures in GDP in PPP$
Territory size shows the proportion of worldwide Gross Domestic Product measured in US$ equalized for purchasing power parity in 2015.

7. Purchasing Power Parity (PPP)
Purchasing power - differences in the cost of living between countries
A hypothesis that the long run changes in exchange rates are caused by differences in inflation rates between countries

9. Burgernomics…
Burgernomics is based on the theory of purchasing-power parity (PPP), the notion that a dollar should buy the same amount in all countries.
Thus in the long run, the exchange rate between two countries should move towards the rate that equalizes the prices of an identical basket of goods and services in each country.
Our "basket" is a McDonald's Big Mac, which is produced in about 120 countries. The Big Mac PPP is the exchange rate that would mean hamburgers cost the same in as abroad.
Comparing actual exchange rates with PPPs indicates whether a currency is under- or overvalued.

11. HDI Knowledge
Literacy
School enrolment

12. Human Development Index - an alternative to GDP
HDI Life Span
Life expectancy
Mrs G Notes

13. HDI Life Span
Life expectancy &
Child Mortality

14. Child Mortality
“The child mortality rate—the number of under-fives dying per thousand live births—dropped by almost a quarter worldwide between 1990 and …
Progress in sub-Saharan Africa, where the death rate is highest, has been slower.
Around one in six children in the region still die before the age of five and the rate is rising in some countries.
Pneumonia, diarrhoeal diseases and malaria together account for more than two-fifths of child deaths.” From The Economist

15. picture by Kevin Carter, winner of the 1994 Pulitzer Prize

16. 1. Iceland 2. Norway 3. Canada 4. Australia 5. Ireland
So which countries would you put in your top 5 and bottom 5 under HDI stats?
1. Iceland
2. Norway
3. Canada
4. Australia
5. Ireland
175. Mozambique
176. Liberia
177. Congo, Dem. Rep.
178. Central African Republic
179. Sierra Leone
These were
Oct 2008 data!

17. Your task 1. Using the spreadsheet on the next slide
Select one country which is in the HDI measures from one category….
High
Medium
Low
Create a ‘one page’ slide / poster to show their HDI economic data on your computer
Include relevant economic / HDI statistics from the country
Always place the data in context…. Link to 1st closest & worst set of data
Include the
3 categories
for HDI

18. HDI latest statistics - 2008

19. Ideas for task 1 computer Poster
Need to make your work eye catching & inspirational
After looking at HDI statistics
Use Google – type in country’s name
Look at the Tourist board links – they tend to show the wealthiest parts of the country!
Use Wikepedia (!) as a base for further research
Try Flickr for amazing inspirational images (cut/paste & crop)

20. Homework TASK 2
Complete your research on your one country.

21. HDI – Human Development Index
Reflection:
Do you know the three components of HDI and can you interpret HDI data?
Do you know a definition of Purchasing Power Parities (PPP$)?
Next lesson we will aim to understand the advantages and limitations of using HDI as a measurement of wellbeing.