1. How do we make our money? https://www.youtube.com/watch?v=NOX0_FUGM6k
Economic Geography
How do we make our money?

2. A brief introduction

3. How Do We Classify Economic Activity?
Primary Sector (Extractive Sector) (3% U.S.) (55% in most peripheral countries)
Hunting and Gathering
Nomadic (high latitude)
Sedentary (salmon, deer, berries, nuts)
Farming
Subsistence – grow for personal consumption
Commercial – grow for $$
Livestock herding, fishing, lumbering, and forestry
Mining, drilling, quarrying

4. Other Sectors Secondary Sector (20%)
Conversion of raw materials into finished products
Examples:
Turning lumber into paper
Turning steel into automobiles
Turning grain into bread
Turning milk into cheese

5. How did we move from agriculture to industry?

6. Other Sectors Tertiary Sector (75%) Service industries
Connect producers to consumers
Examples
Teachers
Salesman
Doctor
Lawyer
Cops

7. Other Sectors Quaternary Sector
Anything that deals with information management and capital management
Ex. Stock broker, investment banker, lawyers, insurance

8. How does the stock market work?

9. Other Sectors Quinary Sector
spheres of research, higher education, high-level decision makers
Ex: Pres, CEO, University Professors

10. What happens when those in financial power abuse it?

11. How do we measure economic success?
Per Capita GDP: is a measure of the total output of a country that takes gross domestic product (GDP) and divides it by the number of people in the country. The per capita GDP is especially useful when comparing one country to another, because it shows the relative performance of the countries.
GDP:  represents the total dollar value of all goods and services produced over a specific time period; you can think of it as the size of the economy.

12. Why is measuring GDP per capita important?
It is an indicator of the quality of life that the people in a country enjoy.
Countries with the highest GDP
Countries with the lowest GDP glance/lowest-gdp-capita-2
Why can looking at per capita GDP sometimes give a false perception of how people live inside a country?

13. How GDP affects people in a country.

14. How else do we measure how good life is in a country?

15. Literacy Rate
Literacy rate: the amount of adults that can read in a country over the age of 15
The global literacy rate for all males is 90.0% and therate for all females is 82.7%. The rate varies throughout the world with developed nations having a rate of 99.2% (2013); Oceania having 71.3%; South and West Asia having 70.2% (2015) and sub- Saharan Africa at 64.0% (2015).
How does gender influence literacy?

16. Life Expectancy
Life expectancy is a statistical measure of the average time a person is expected to live, based on the year of their birth, their current age and other demographic factors including sex.
How does the amount of money that a country has affect the life expectancy of the people who live there?

17. Human Development Index and Gender Development Index
HDI: The Human Development Index (HDI) is a composite statistic of life expectancy, education, and per capita income indicators, which are used to rank countries into four tiers of human development. A country scores higher HDI when the lifespan is higher, the education level is higher, and the GDP per capita is higher.
GDI: The GDI measures gender gaps in human development achievements by accounting for disparities between women and men in three basic dimensions of human development—health, knowledge and living standards using the same component indicators as in the HDI.

18. Access to Healthcare