Macro 4
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This document contains lecture slides on macroeconomics. It includes definitions of GDP, GDP per capita, and GDP per capita in different countries like the US and China. It also discusses various capital inputs that contribute to economic growth like cultural capital, human capital, physical capital, intellectual capital, financial capital, and innovations by entrepreneurs that are brought to market.
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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