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Macro 2
- 5. Questions?
- 7. Econ Lab Wednesdays 9pm - 11pm GCB 150 Jacky
- 11. Time Commitment Class 3 Hours Homework 6 Hours Total 9 Hours
- 15. Yabut Yes, but Weight Costs and Benefits
- 16. Yabut Yes, but Weight Costs and Benefits
- 18. What do you want to be?
- 19. Get the most out of life
- 23. ARM Holdings Wolfson Marvel Skyworks CSR Linear Technologies NXP National Semiconductor Sharp Samsung Toshiba Infineon Broadcom Numonyx Micron Dialog Semiconductor Texas Instruments STMicroelectronics Silicon Storage RF Microdevices Cirrus Logic U.S. U.K. Germany Korea Japan Taiwan China
- 24. Made on Earth
- 27. What would you have to be paid to never use the Internet again? Then you must be a millionaire
- 28. Only possible because millions of people have learned to cooperate with each other To serve one another
- 30. What does it cost to ship an iPhone from China to the U.S.? 54¢ 450,000 iPhones cost about $242,000 to charter Fuel accounting for more than half the expense. 44,700 gallons
- 31. What is worth the most?
- 33. Tradeoffs Mileage Safety A 2001 National Academy of Sciences study estimated that the traffic death toll attributable to past downsizing was approximately 2,000 lives per year.
- 34. Economic Models Simplified Version of Reality Value in Prediction
- 35. Incentives Matter Change Incentives Change Behavior
- 36. Incentives are more important than goals
- 39. Macro Micro
- 40. 1820 2016 Change Population 1 billion 7.5 billion 7.5 x Life Expectancy 26 years 72 years 46 + Income Per Capita Per Day $2 $30 15 x
- 41. Astonishing
- 42. U.S. Farmers 1800 - 90 percent
- 43. U.S. Farmers 1900 - 45 percent Gasoline engines replaced horses
- 44. U.S. Farmers 2012 - 2 percent
- 45. What happened to those 88 people?
- 46. If you want more wealth you more need productivity productivity requires innovation innovation requires inventions inventions require ideas ideas require people
- 47. What is Wealth? What People Want
- 48. Wealth requires Innovation People are the ultimate wealth Innovation requires ideas Ideas require people
- 50. Get wealthy by making others happy
- 51. Every person has the power to create wealth
- 52. Because every person has the power to make someone happy
- 55. Learning English Access to the world’s knowledge
- 56. What if Steve Jobs had been born in Syria like his father?