1. Module Growth Policy: Why Economic Growth Rates Differ KRUGMAN'S MACROECONOMICS for AP* 39 Margaret Ray and David Anderson

2. What you will learn in this Module : The factors that explain why long-run growth rates differ so much among countries The challenges of growth posed by scarcity of natural resources, environmental degradation, and efforts to make growth sustainable Thomas Alva Edison

3. Why Growth Rates Differ Capital, Technology, and Growth Differences Adding to Physical Capital Adding to Human Capital Technological Progress

4. Why Growth Rates Differ The Role of Government in Promoting Economic Growth Governments and Physical Capital infrastructure Governments and Human Capital Governments and Technology Political Stability, Property Rights and Excessive Intervention

5. Is World Growth Sustainable? Sustainable Growth? Natural Resources and Growth, Revisited Economic Growth and the Environment

6. Is World Growth Sustainable? 3 Questions How large are the supplies of key natural resources? How effective will technology be at finding alternatives to natural resources? Can long­-­run economic growth continue in the face of resource scarcity?

7. Table 39.1 Human Capital in Latin America and East Asia Ray and Anderson: Krugman’s Macroeconomics for AP, First Edition Copyright © 2011 by Worth Publishers

8. Figure 39.2 U.S. Oil Consumption and Growth over Time Ray and Anderson: Krugman’s Macroeconomics for AP, First Edition Copyright © 2011 by Worth Publishers

9. Figure 39.3 Climate Change and Growth Ray and Anderson: Krugman’s Macroeconomics for AP, First Edition Copyright © 2011 by Worth Publishers