G11 - Week 18 - Day 3

In-class work

1. Ch. 11 vocabulary and diagram quiz
2. HL Only - Real GDP and the GDP deflator
3. The Business Cycle
1. Questions
4. Exercises 4-7

At-home work

1. HL Only - Exercises 8-12

G11 - Week 18 - Day 2

In-class work

1. Chapter 11 flashcards
2. Measuring GDP (Income and expenditure approach)
1. Questions
3. Exercises 1-7

At-home work

1. Ch. 11 vocabulary and diagram quiz
2. HL Only - Real GDP and the GDP deflator
3. The Business Cycle

G11 - Week 18 - Day 1

In-class work

1. Get back exams
2. Overview macro

At-home work

1. Chapter 11 flashcards
2. Measuring GDP (Income and expenditure approach)

G11 - Week 18 - Day 2

In-class work

1. Phillips Curve questions?
2. Questions for the comments
1. How important is economic growth for an economy?
2. How important is economic growth morally?
3. Do you think it has increased or decreased in the past?
4. Do you believe it will increase or decrease in the future?
5. What are all the causes of economic growth you can think of?
3. Economic Growth in the Short-run and Long-run
4. Marginal University Economic Growth
1. Introduction to the Solow Model
2. Physical Capital and Diminishing Returns
3. The Solow Model and the Steady State
4. Human Capital and Conditional Convergence
5. The Solow Model and Ideas
6. The Economics of Ideas
7. Patents, Prizes, and Subsidies
8. TED Talk: How Ideas Trump Crises
9. The Idea Equation
5. From Tyler Cowen
1. On Value, the Crusonia Plant, and “Wealth Plus”

Ongoing Country Information

1. Figure out unemployment rates
2. Labor participation rates
3. Causes of the above?
4. What are the inflation rates?

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Currently Reading

Blog - My End-of-the-World Bet with Eliezer Yudkowsky, by Bryan Caplan

Blog - An Economy for the 99%

- Since 2015, the richest 1% has owned more wealth than the rest of the planet.
- Eight men now own the same amount of wealth as the poorest half of the world.
- Over the next 20 years, 500 people will hand over $2.1 trillion to their heirs a sum larger than the GDP of India, a country of 1.3 billion people

Book - Bourgeois Equality

G11 - Week 18 - Day 1

In-class work

1. The Short-run Phillips Curve
2. The Long-run Phillips Curve
3. Discuss Nobel Laureate visit

Ongoing Country Information

1. Figure out unemployment rates
2. Labor participation rates
3. Causes of the above?
4. What are the inflation rates?

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Currently Reading

Blog - Deficits always matter, by Scott Sumner

and

Book - Bourgeois Equality