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Macro 4
- 2. Lecture 4 Macroeconomics Winter 2020
- 3. Questions
- 5. Quiz 2 Name_____ Sec____
- 6. Quiz 2 Name_____ Sec____
- 7. Quiz 2 Name_____ Sec____ 1. Name a foundation principle of BYU-Hawaii Economics.
- 8. Quiz 2 Name_____ Sec____ 1. Name a foundation principle of BYU-Hawaii Economics.
- 9. Quiz 2 Name_____ Sec____ 1. Name a foundation principle of BYU-Hawaii Economics. 2.What is the GDP per capita in your country?
- 11. GDP Gross Domestic Product The market value of all final goods and services produced in a country in a given time
- 14. GDP $90 trillion
- 15. GDP $90 trillion Population 7.6 billion
- 16. GDP $90 trillion Population 7.6 billion GDP Per Capita $11,842
- 17. GDP $90 trillion Population 7.6 billion GDP Per Capita $11,842 GDP Per Capita per Day $32.44
- 18. United States
- 19. GDP $20 trillion United States
- 20. GDP $20 trillion Population 330 million United States
- 21. GDP $20 trillion Population 330 million GDP Per Capita $60,606 United States
- 22. GDP $20 trillion Population 330 million GDP Per Capita $60,606 United States Per Day $166
- 23. China
- 25. GDP $14 trillion Population 1.4 billion China
- 26. GDP $14 trillion Population 1.4 billion GDP Per Capita $10,000 China
- 27. GDP $14 trillion Population 1.4 billion GDP Per Capita $10,000 Per Day $27.39 China
- 32. 1978 China Changed Worldview Deng XiaopingMao Zedong 1976 Dies
- 38. Spirit
- 45. Chapter 7
- 46. Chapter 7 The Wealth of Nations and Economic Growth
- 47. Adam Smith The Wealth of Nations 1776
- 49. U.S. Farmers
- 50. U.S. Farmers 1800 - 90 percent
- 52. U.S. Farmers
- 53. U.S. Farmers 1900 - 45 percent
- 54. U.S. Farmers 1900 - 45 percent Gasoline engines
- 55. U.S. Farmers 1900 - 45 percent Gasoline engines replaced horses
- 57. U.S. Farmers 2012 - 2 percent
- 59. What happened to those 88 people?
- 60. Rule of 70s
- 61. Rule of 70s Years to Double 70 ÷ Annual Rate of Growth
- 62. Rate Years to Double? 10% 7% 5% 2% 70 ÷ Annual Rate of Growth
- 64. What is wealth?
- 65. What is wealth?
- 66. What is wealth? Anything people value
- 68. What is capital?
- 69. What is capital?
- 70. What is capital? Anything people can use to create value
- 71. The Capitals of Innovation
- 72. Cultural The Capitals of Innovation
- 73. Cultural The Capitals of Innovation Cultural
- 74. Cultural The Capitals of Innovation Cultural Worldview
- 75. Cultural The Capitals of Innovation Cultural Worldview Purpose
- 76. Cultural The Capitals of Innovation Cultural Worldview Purpose Values
- 77. Cultural The Capitals of Innovation Cultural Worldview Purpose Values Institutions
- 78. Cultural The Capitals of Innovation Cultural Worldview Purpose Values Institutions Rules
- 79. Cultural The Capitals of Innovation Cultural Worldview Purpose Values Institutions Rules Rights
- 80. Cultural The Capitals of Innovation Cultural Worldview Purpose Values Institutions Rules Rights Freedom
- 81. Cultural The Capitals of Innovation Cultural Worldview Purpose Values Institutions Rules Rights Freedom Dignity
- 82. Cultural The Capitals of Innovation Cultural Worldview Purpose Values Institutions Rules Rights Freedom Dignity Cooperation
- 83. Cultural The Capitals of Innovation Cultural Worldview Purpose Values Institutions Rules Rights Freedom Dignity Cooperation Trust
- 84. Cultural The Capitals of Innovation Cultural Worldview Purpose Values Institutions Rules Rights Freedom Dignity Cooperation Trust Taxes
- 85. Cultural The Capitals of Innovation Cultural Worldview Purpose Values Institutions Rules Rights Freedom Dignity Cooperation Trust Taxes Regulations
- 86. Cultural The Capitals of Innovation Cultural Worldview Purpose Values Institutions Rules Rights Freedom Dignity Cooperation Trust Taxes Regulations Stability
- 87. Cultural The Capitals of Innovation
- 88. Cultural Human Beings The Capitals of Innovation
- 89. Cultural Ideas Human Beings The Capitals of Innovation
- 90. Cultural Ideas Physical Human Beings The Capitals of Innovation
- 91. Cultural Ideas Physical Human Beings The Capitals of Innovation Physical
- 92. Cultural Ideas Physical Human Beings The Capitals of Innovation Physical Atoms
- 93. Cultural Ideas Physical Human Beings The Capitals of Innovation Physical Atoms Energy
- 94. Cultural Ideas Physical Human Beings The Capitals of Innovation Physical Atoms Energy Water
- 95. Cultural Ideas Physical Human Beings The Capitals of Innovation Physical Atoms Energy Water Time
- 96. Cultural Ideas Physical Human Beings The Capitals of Innovation
- 97. Cultural Ideas HumanPhysical Human Beings The Capitals of Innovation
- 98. Cultural Ideas HumanPhysical Human Beings The Capitals of Innovation Human
- 99. Cultural Ideas HumanPhysical Human Beings The Capitals of Innovation Human Trust
- 100. Cultural Ideas HumanPhysical Human Beings The Capitals of Innovation Human Trust Health
- 101. Cultural Ideas HumanPhysical Human Beings The Capitals of Innovation Human Trust Health Life Expectancy
- 102. Cultural Ideas HumanPhysical Human Beings The Capitals of Innovation Human Trust Health Life Expectancy Knowledge
- 103. Cultural Ideas HumanPhysical Human Beings The Capitals of Innovation Human Trust Health Life Expectancy Knowledge Skills
- 104. Cultural Ideas HumanPhysical Human Beings The Capitals of Innovation Human Trust Health Life Expectancy Knowledge Skills Personality
- 105. Cultural Ideas HumanPhysical Human Beings The Capitals of Innovation Human Trust Health Life Expectancy Knowledge Skills Personality Leadership
- 106. Cultural Ideas HumanPhysical Human Beings The Capitals of Innovation Human Trust Health Life Expectancy Knowledge Skills Personality Leadership Networks
- 107. Cultural Ideas HumanPhysical Human Beings The Capitals of Innovation
- 108. Cultural Ideas IntellectualHumanPhysical Human Beings The Capitals of Innovation
- 109. Cultural Ideas IntellectualHumanPhysical Human Beings The Capitals of Innovation Intellectual
- 110. Cultural Ideas IntellectualHumanPhysical Human Beings The Capitals of Innovation Intellectual Patents
- 111. Cultural Ideas IntellectualHumanPhysical Human Beings The Capitals of Innovation Intellectual Patents Processes
- 112. Cultural Ideas IntellectualHumanPhysical Human Beings The Capitals of Innovation Intellectual Patents Processes Knowledge
- 113. Cultural Ideas IntellectualHumanPhysical Human Beings The Capitals of Innovation
- 114. Cultural Ideas IntellectualHumanPhysical Financial Human Beings The Capitals of Innovation
- 115. Cultural Ideas IntellectualHumanPhysical Financial Human Beings The Capitals of Innovation Financial
- 116. Cultural Ideas IntellectualHumanPhysical Financial Human Beings The Capitals of Innovation Financial Money
- 117. Cultural Ideas IntellectualHumanPhysical Financial Human Beings The Capitals of Innovation Financial Money Risk
- 118. Cultural Ideas IntellectualHumanPhysical Financial Human Beings The Capitals of Innovation Financial Money Risk Time
- 119. Cultural Ideas IntellectualHumanPhysical Financial Human Beings The Capitals of Innovation Financial Money Risk Time (1+r)n
- 120. Cultural Ideas IntellectualHumanPhysical Financial Human Beings The Capitals of Innovation Financial Money Risk Time (1+r)n Insurance
- 121. Cultural Ideas IntellectualHumanPhysical Financial Human Beings The Capitals of Innovation Financial Money Risk Time (1+r)n Insurance Corporations
- 122. Cultural Ideas IntellectualHumanPhysical Financial Human Beings The Capitals of Innovation Financial Money Risk Time (1+r)n Insurance Corporations Accounting
- 123. Cultural Ideas IntellectualHumanPhysical Financial Human Beings The Capitals of Innovation
- 124. Cultural Ideas IntellectualHumanPhysical Financial Inventions Human Beings The Capitals of Innovation
- 125. Cultural Ideas IntellectualHumanPhysical Financial Inventions Human Beings The Capitals of Innovation Invention
- 126. Cultural Ideas IntellectualHumanPhysical Financial Inventions Human Beings The Capitals of Innovation Invention Proof of an Idea
- 127. Cultural Ideas IntellectualHumanPhysical Financial Inventions Human Beings The Capitals of Innovation
- 128. Cultural Ideas IntellectualHumanPhysical Financial Inventions Entrepreneurs Human Beings The Capitals of Innovation
- 129. Cultural Ideas IntellectualHumanPhysical Financial Inventions Entrepreneurs Human Beings Markets The Capitals of Innovation
- 130. Cultural Ideas IntellectualHumanPhysical Financial Inventions Entrepreneurs Human Beings Markets The Capitals of Innovation Markets
- 131. Cultural Ideas IntellectualHumanPhysical Financial Inventions Entrepreneurs Human Beings Markets The Capitals of Innovation Markets Where value is discovered
- 132. Cultural Ideas IntellectualHumanPhysical Financial Inventions Entrepreneurs Human Beings Markets The Capitals of Innovation Markets Where value is discovered
- 133. Cultural Ideas IntellectualHumanPhysical Financial Inventions Entrepreneurs Human Beings Markets The Capitals of Innovation Markets Where value is discovered price system
- 134. Cultural Ideas IntellectualHumanPhysical Financial Inventions Entrepreneurs Human Beings Markets The Capitals of Innovation
- 135. Cultural Ideas IntellectualHumanPhysical Financial Inventions Entrepreneurs Human Beings Markets The Capitals of Innovation Innovation
- 136. Cultural Ideas IntellectualHumanPhysical Financial Inventions Entrepreneurs Human Beings Markets The Capitals of Innovation InnovationInnovation
- 137. Cultural Ideas IntellectualHumanPhysical Financial Inventions Entrepreneurs Human Beings Markets The Capitals of Innovation Innovation a market- successful invention Innovation
- 138. Cultural Ideas IntellectualHumanPhysical Financial Inventions Entrepreneurs Human Beings Markets The Capitals of Innovation Innovation
- 139. Cultural Ideas IntellectualHumanPhysical Financial Inventions Entrepreneurs Human Beings Markets The Capitals of Innovation Innovation
- 140. Cultural Ideas IntellectualHumanPhysical Financial Inventions Entrepreneurs Human Beings Markets The Capitals of Innovation Innovation