ED 3

2. Economic
Development
Lecture 3
Measuring Growth and
Development

3. Questions?

4. 88% to 2% in 32 years

5. Astonishing!
extremely surprising
or impressive
amazing

6. google.com/publicdata

8. For the earth is full, and there is
enough and to spare; yea, I
prepared all things, and have given
unto the children of men to be
agents unto themselves.
Doctrine and Covenants 104:17
Year: 1834

9. Rule of 70s
Doubling time
=
70
r

10. Rule of 70s
2 = 1 x ert
ln 2 = ln 1 + (r x t)
ln1 = 0
ln 2 = 0.69314 = 0.7
double = 70/r
page 63

11. Six Capitals
of Innovation
A framework for understanding
prosperity and poverty

12. Intellectual
Financial Physical
Human
Culture
Entrepreneur

13. GDP Per Capita
First Approximation
Flaws
Better?

14. Human Development
Index
HDI
Long and Healthy Life
Acquire Knowledge
Access to Resources

15. Human Development
Index
Capacity
Opportunity

16. Long and Healthy
Life
Life Expectancy
20 to 83.2