SlideShare a Scribd company logo
1 of 35
Download to read offline
Lecture 1 - Introduction
Macroeconomics
Opening
Prayer
Dr. Gale L. Pooley, Ph.D.
Email: gpooley@byuh.edu
Phone: 675-3587
Office: HGB 227
Office Hours:
Wednesday 2:00pm - 4:00pm
or by appointment
Econ
Lab
TA
Conner
How many
keys?
How many
songs?
Angus Maddison
2016
1
AD
$2
$100
$30 World
15x
Northern Europe
North America
50x
1820
Astonishing!
extremely surprising
or impressive;
amazing.
How did this
happen?
88% to 2% in 32 years
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
1820 2020 Change
Population 1 billion 7.8 billion 7.8 x
Life Expectancy 30 years 72 years 42 +
Income Per
Capita Per Day
$2 $30 15 x
“The pursuit,
discovery, and
application of
truth are what
we are on this
earth to
discover.”
What is the
number one
export from the
Philippines?
The Economic Way
of Thinking
Think Like
an Economist
Econ 201
Course
Textbook
Modern Principles of
Macroeconomics
4th Edition
Cowan, Tabarrok.
Required
Practice
Points
Exams 75%
Homework, Quizzes In-Class 25%
Total 100%
Grading Scale
"For a poor person
everything is
terrible. . . . we are
afraid of everything;
we depend on
everyone. No one
needs us. We are like
garbage that
everyone wants to
get rid of”
Blind woman from Tiraspol, Moldova 1997 (cited in Narayan, 2000, p.
65).
All human beings—male and female—are
created in the image of God. Each is a
beloved spirit son or daughter of
heavenly parents, and, as such, each has
a divine nature and destiny.
Scarcity
Choices
Make Better
Choices

More Related Content

Similar to Macro 1

Marks & gudmundsdottir keynote 2 juli
Marks & gudmundsdottir keynote  2 juliMarks & gudmundsdottir keynote  2 juli
Marks & gudmundsdottir keynote 2 juli
ECPP2014
 

Similar to Macro 1 (20)

Macro 1
Macro 1Macro 1
Macro 1
 
Macro 1.pdf
Macro 1.pdfMacro 1.pdf
Macro 1.pdf
 
Macro 1
Macro 1Macro 1
Macro 1
 
Macro 1.pdf
Macro 1.pdfMacro 1.pdf
Macro 1.pdf
 
Micro 1.pdf
Micro 1.pdfMicro 1.pdf
Micro 1.pdf
 
Macro 1
Macro 1Macro 1
Macro 1
 
Macro 1
Macro 1 Macro 1
Macro 1
 
Micro 1
Micro 1Micro 1
Micro 1
 
Lecture 1.pdf
Lecture 1.pdfLecture 1.pdf
Lecture 1.pdf
 
Economic History of the United States - Lecture 1
Economic History of the United States - Lecture 1Economic History of the United States - Lecture 1
Economic History of the United States - Lecture 1
 
Ed1
Ed1Ed1
Ed1
 
Ed3
Ed3Ed3
Ed3
 
Macro 7
Macro 7Macro 7
Macro 7
 
The Economics of Kindness Part 2
The Economics of Kindness Part 2The Economics of Kindness Part 2
The Economics of Kindness Part 2
 
Rich nations, poor nations
Rich nations, poor nationsRich nations, poor nations
Rich nations, poor nations
 
Sustainable Development Goals: Research Communication Ideas to Accelerate the...
Sustainable Development Goals: Research Communication Ideas to Accelerate the...Sustainable Development Goals: Research Communication Ideas to Accelerate the...
Sustainable Development Goals: Research Communication Ideas to Accelerate the...
 
Introduction to Operation Noah
Introduction to Operation NoahIntroduction to Operation Noah
Introduction to Operation Noah
 
Journey to the Future: An Economy in Harmony with Nature
Journey to the Future: An Economy in Harmony with NatureJourney to the Future: An Economy in Harmony with Nature
Journey to the Future: An Economy in Harmony with Nature
 
Marks & gudmundsdottir keynote 2 juli
Marks & gudmundsdottir keynote  2 juliMarks & gudmundsdottir keynote  2 juli
Marks & gudmundsdottir keynote 2 juli
 
Ed1
Ed1Ed1
Ed1
 

More from Gale Pooley

Economic History of the U.S. Lecture 16.pdf
Economic History of the U.S. Lecture 16.pdfEconomic History of the U.S. Lecture 16.pdf
Economic History of the U.S. Lecture 16.pdf
Gale Pooley
 
Economic History of the United States - Lecture 3
Economic History of the United States - Lecture 3Economic History of the United States - Lecture 3
Economic History of the United States - Lecture 3
Gale Pooley
 

More from Gale Pooley (20)

The Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdfThe Economic History of the U.S. Lecture 30.pdf
The Economic History of the U.S. Lecture 30.pdf
 
The Economic History of the U.S. Lecture 28.pdf
The Economic History of the U.S. Lecture 28.pdfThe Economic History of the U.S. Lecture 28.pdf
The Economic History of the U.S. Lecture 28.pdf
 
The Economic History of the U.S. Lecture 26.pdf
The Economic History of the U.S. Lecture 26.pdfThe Economic History of the U.S. Lecture 26.pdf
The Economic History of the U.S. Lecture 26.pdf
 
The Economic History of the U.S. Lecture 25.pdf
The Economic History of the U.S. Lecture 25.pdfThe Economic History of the U.S. Lecture 25.pdf
The Economic History of the U.S. Lecture 25.pdf
 
The Economic History of the U.S. Lecture 23.pdf
The Economic History of the U.S. Lecture 23.pdfThe Economic History of the U.S. Lecture 23.pdf
The Economic History of the U.S. Lecture 23.pdf
 
The Economic History of the U.S. Lecture 22.pdf
The Economic History of the U.S. Lecture 22.pdfThe Economic History of the U.S. Lecture 22.pdf
The Economic History of the U.S. Lecture 22.pdf
 
The Economic History of the U.S. Lecture 21.pdf
The Economic History of the U.S. Lecture 21.pdfThe Economic History of the U.S. Lecture 21.pdf
The Economic History of the U.S. Lecture 21.pdf
 
The Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdfThe Economic History of the U.S. Lecture 20.pdf
The Economic History of the U.S. Lecture 20.pdf
 
The Economic History of the U.S. Lecture 19.pdf
The Economic History of the U.S. Lecture 19.pdfThe Economic History of the U.S. Lecture 19.pdf
The Economic History of the U.S. Lecture 19.pdf
 
The Economic History of the U.S. Lecture 18.pdf
The Economic History of the U.S. Lecture 18.pdfThe Economic History of the U.S. Lecture 18.pdf
The Economic History of the U.S. Lecture 18.pdf
 
The Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdfThe Economic History of the U.S. Lecture 17.pdf
The Economic History of the U.S. Lecture 17.pdf
 
Economic History of the U.S. Lecture 16.pdf
Economic History of the U.S. Lecture 16.pdfEconomic History of the U.S. Lecture 16.pdf
Economic History of the U.S. Lecture 16.pdf
 
Units States Economic History Lecture 15
Units States Economic History Lecture 15Units States Economic History Lecture 15
Units States Economic History Lecture 15
 
Economic History of the United States - Lecture 9
Economic History of the United States - Lecture 9Economic History of the United States - Lecture 9
Economic History of the United States - Lecture 9
 
Econ 1740 Economic History of the U.S. Lecture 7
Econ 1740 Economic History of the U.S. Lecture 7Econ 1740 Economic History of the U.S. Lecture 7
Econ 1740 Economic History of the U.S. Lecture 7
 
Economic History of the United States - Lecture 4
Economic History of the United States - Lecture 4Economic History of the United States - Lecture 4
Economic History of the United States - Lecture 4
 
Economic History of the United States - Lecture 4
Economic History of the United States - Lecture 4Economic History of the United States - Lecture 4
Economic History of the United States - Lecture 4
 
Economic History of the United States - Lecture 2
Economic History of the United States - Lecture 2Economic History of the United States - Lecture 2
Economic History of the United States - Lecture 2
 
Economic History of the United States - Lecture 3
Economic History of the United States - Lecture 3Economic History of the United States - Lecture 3
Economic History of the United States - Lecture 3
 
Lecture 25.pdf
Lecture 25.pdfLecture 25.pdf
Lecture 25.pdf
 

Recently uploaded

MASTERING FOREX: STRATEGIES FOR SUCCESS.pdf
MASTERING FOREX: STRATEGIES FOR SUCCESS.pdfMASTERING FOREX: STRATEGIES FOR SUCCESS.pdf
MASTERING FOREX: STRATEGIES FOR SUCCESS.pdf
Cocity Enterprises
 
Call Girls in Yamuna Vihar (delhi) call me [🔝9953056974🔝] escort service 24X7
Call Girls in  Yamuna Vihar  (delhi) call me [🔝9953056974🔝] escort service 24X7Call Girls in  Yamuna Vihar  (delhi) call me [🔝9953056974🔝] escort service 24X7
Call Girls in Yamuna Vihar (delhi) call me [🔝9953056974🔝] escort service 24X7
9953056974 Low Rate Call Girls In Saket, Delhi NCR
 

Recently uploaded (20)

Bhubaneswar🌹Kalpana Mesuem ❤CALL GIRLS 9777949614 💟 CALL GIRLS IN bhubaneswa...
Bhubaneswar🌹Kalpana Mesuem  ❤CALL GIRLS 9777949614 💟 CALL GIRLS IN bhubaneswa...Bhubaneswar🌹Kalpana Mesuem  ❤CALL GIRLS 9777949614 💟 CALL GIRLS IN bhubaneswa...
Bhubaneswar🌹Kalpana Mesuem ❤CALL GIRLS 9777949614 💟 CALL GIRLS IN bhubaneswa...
 
MASTERING FOREX: STRATEGIES FOR SUCCESS.pdf
MASTERING FOREX: STRATEGIES FOR SUCCESS.pdfMASTERING FOREX: STRATEGIES FOR SUCCESS.pdf
MASTERING FOREX: STRATEGIES FOR SUCCESS.pdf
 
In Sharjah ௵(+971)558539980 *_௵abortion pills now available.
In Sharjah ௵(+971)558539980 *_௵abortion pills now available.In Sharjah ௵(+971)558539980 *_௵abortion pills now available.
In Sharjah ௵(+971)558539980 *_௵abortion pills now available.
 
Call Girls Howrah ( 8250092165 ) Cheap rates call girls | Get low budget
Call Girls Howrah ( 8250092165 ) Cheap rates call girls | Get low budgetCall Girls Howrah ( 8250092165 ) Cheap rates call girls | Get low budget
Call Girls Howrah ( 8250092165 ) Cheap rates call girls | Get low budget
 
Dubai Call Girls Deira O525547819 Dubai Call Girls Bur Dubai Multiple
Dubai Call Girls Deira O525547819 Dubai Call Girls Bur Dubai MultipleDubai Call Girls Deira O525547819 Dubai Call Girls Bur Dubai Multiple
Dubai Call Girls Deira O525547819 Dubai Call Girls Bur Dubai Multiple
 
Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...
Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...
Female Escorts Service in Hyderabad Starting with 5000/- for Savita Escorts S...
 
Business Principles, Tools, and Techniques in Participating in Various Types...
Business Principles, Tools, and Techniques  in Participating in Various Types...Business Principles, Tools, and Techniques  in Participating in Various Types...
Business Principles, Tools, and Techniques in Participating in Various Types...
 
Webinar on E-Invoicing for Fintech Belgium
Webinar on E-Invoicing for Fintech BelgiumWebinar on E-Invoicing for Fintech Belgium
Webinar on E-Invoicing for Fintech Belgium
 
Call Girls in Yamuna Vihar (delhi) call me [🔝9953056974🔝] escort service 24X7
Call Girls in  Yamuna Vihar  (delhi) call me [🔝9953056974🔝] escort service 24X7Call Girls in  Yamuna Vihar  (delhi) call me [🔝9953056974🔝] escort service 24X7
Call Girls in Yamuna Vihar (delhi) call me [🔝9953056974🔝] escort service 24X7
 
GIFT City Overview India's Gateway to Global Finance
GIFT City Overview  India's Gateway to Global FinanceGIFT City Overview  India's Gateway to Global Finance
GIFT City Overview India's Gateway to Global Finance
 
Certified Kala Jadu, Black magic specialist in Rawalpindi and Bangali Amil ba...
Certified Kala Jadu, Black magic specialist in Rawalpindi and Bangali Amil ba...Certified Kala Jadu, Black magic specialist in Rawalpindi and Bangali Amil ba...
Certified Kala Jadu, Black magic specialist in Rawalpindi and Bangali Amil ba...
 
logistics industry development power point ppt.pdf
logistics industry development power point ppt.pdflogistics industry development power point ppt.pdf
logistics industry development power point ppt.pdf
 
Bhubaneswar🌹Ravi Tailkes ❤CALL GIRLS 9777949614 💟 CALL GIRLS IN bhubaneswar ...
Bhubaneswar🌹Ravi Tailkes  ❤CALL GIRLS 9777949614 💟 CALL GIRLS IN bhubaneswar ...Bhubaneswar🌹Ravi Tailkes  ❤CALL GIRLS 9777949614 💟 CALL GIRLS IN bhubaneswar ...
Bhubaneswar🌹Ravi Tailkes ❤CALL GIRLS 9777949614 💟 CALL GIRLS IN bhubaneswar ...
 
CBD Belapur((Thane)) Charming Call Girls📞❤9833754194 Kamothe Beautiful Call G...
CBD Belapur((Thane)) Charming Call Girls📞❤9833754194 Kamothe Beautiful Call G...CBD Belapur((Thane)) Charming Call Girls📞❤9833754194 Kamothe Beautiful Call G...
CBD Belapur((Thane)) Charming Call Girls📞❤9833754194 Kamothe Beautiful Call G...
 
Lion One Corporate Presentation May 2024
Lion One Corporate Presentation May 2024Lion One Corporate Presentation May 2024
Lion One Corporate Presentation May 2024
 
falcon-invoice-discounting-unlocking-prime-investment-opportunities
falcon-invoice-discounting-unlocking-prime-investment-opportunitiesfalcon-invoice-discounting-unlocking-prime-investment-opportunities
falcon-invoice-discounting-unlocking-prime-investment-opportunities
 
Significant AI Trends for the Financial Industry in 2024 and How to Utilize Them
Significant AI Trends for the Financial Industry in 2024 and How to Utilize ThemSignificant AI Trends for the Financial Industry in 2024 and How to Utilize Them
Significant AI Trends for the Financial Industry in 2024 and How to Utilize Them
 
Kopar Khairane Cheapest Call Girls✔✔✔9833754194 Nerul Premium Call Girls-Navi...
Kopar Khairane Cheapest Call Girls✔✔✔9833754194 Nerul Premium Call Girls-Navi...Kopar Khairane Cheapest Call Girls✔✔✔9833754194 Nerul Premium Call Girls-Navi...
Kopar Khairane Cheapest Call Girls✔✔✔9833754194 Nerul Premium Call Girls-Navi...
 
Turbhe Fantastic Escorts📞📞9833754194 Kopar Khairane Marathi Call Girls-Kopar ...
Turbhe Fantastic Escorts📞📞9833754194 Kopar Khairane Marathi Call Girls-Kopar ...Turbhe Fantastic Escorts📞📞9833754194 Kopar Khairane Marathi Call Girls-Kopar ...
Turbhe Fantastic Escorts📞📞9833754194 Kopar Khairane Marathi Call Girls-Kopar ...
 
Test bank for advanced assessment interpreting findings and formulating diffe...
Test bank for advanced assessment interpreting findings and formulating diffe...Test bank for advanced assessment interpreting findings and formulating diffe...
Test bank for advanced assessment interpreting findings and formulating diffe...
 

Macro 1