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Macro 1.pdf

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Gale Pooley
Gale Pooley

This document provides an overview of an introductory macroeconomics lecture. It includes the professor's contact information, details about quizzes and grading, an economic timeline showing growth in population, life expectancy, and income since 1800, and quotes about the importance of knowledge and economic thinking.

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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 12:00 - 2:00 by appointment
Quizmaster 10 questions 3 answers email to mckytee@go.byuh.edu 1 Extra Credit Point
How many keys? How many songs?
This universe is finite, its resources, finite… if life is left unchecked, life will cease to exist. It needs correction.
Economics is not about atoms Economics is about knowledge
The difference between our age and the Stone Age is entirely due to the growth in knowledge. George Gilder
Make me an iPhone We need Innovation Sorry, I don't have the knowledge
Economics is the study of how human beings create value for one another by discovering knowledge
Prices contain more information than quantities
Information? Surprise
Angus Maddison
2016 1 AD $2 $100 $30 World 15x Northern Europe North America 50x 1820
ourworldindata.org
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 2022 Change Population 1 billion 8 billion 8 x Life Expectancy 30 years 72 years 42 + Income Per Capita Per Day $2 $30 15 x
1800 $30 1 2 3 4 5 6 7 8 0 $0 GDP Per Capita Per Day Population in Billions $20 $25 $15 $10 $5 2022 2022 1800
“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
Econ Lab TA Taylor
Course Textbook Modern Principles of Macroeconomics 4th Edition Cowan, Tabarrok.
Econ Club
Digital-Free Zone No Laptops or Cell Phones
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.

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