Macroeconomics Lecture 6: Capitals of Innovation
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This document summarizes a lecture on macroeconomics that includes: 1. An opening prayer and 10 question quiz being emailed to the professor by 3:00pm with 3 answers for each question for an extra exam point. 2. A discussion of the different types of capital including physical, human, intellectual, and financial capital and how innovations are driven by culture, human beings, ideas, inventions, entrepreneurs, and free markets. 3. An overview of Chapter 9 on the financial system covering concepts like other people's money, leverage, debt, equity, leverage ratios, and how leverage can be used to double an investment, break even, or lead to bankruptcy depending on returns.
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Macroeconomics Lecture 6: Capitals of Innovation
- 4. Quiz 1.What kind of capital is: a.Water b.Trust c. Books d. Insurance e. Laws 2.What are the two kinds of growth?
- 5. Quizmaster 1. Ten Questions 2. Three answers for each question 3. Email to Connor at by 3:00pm cjh425@go.byuh.edu 4. One Extra Point on Exam
- 6. Exam 1
- 7. The Capitals of Innovation
- 8. Culture Human Beings Ideas Physical Human Intellectual Financial Inventions Entrepreneurs Free Markets Innovations The Capitals of Innovation
- 10. I.O.U.
- 18. Leverage Ratio Other’s Money My Money =
- 21. Leverage Start with $10 Borrow $90 Buy for $100 Sell for $110 Payback $90 End with $20 Double your $10
- 22. Leverage Start with $10 Borrow $90 Buy for $100 Sell for $90 Payback $90 End with $0 Lost your $10
- 23. Leverage Start with $10 Borrow $90 Buy for $100 Sell for $80 Payback $90 End with -$10 Bankruptcy
- 24. Concepts Opportunity Cost Comparative Advantage Demand and Quantity Demanded Price Ceilings and Price Floors GDP GDP per Capita Nominal vs. Real Rule of 70s Time Preference Financial Intermediaries Capitals of Innovation Worldview Your Country
- 25. Exam 1 Thursday May 12th 3 hours Canvas Chapters 1-7, 9 Multiple Choice Short Answer