AP Economics – 3/06/19

I.  Bellwork: Q&A

Why Panic-Prone Emerging Markets Are Breaking Down In 2014

1.Why does the article say that the markets are breaking down?

2. How does this impact economic growth?

II.  Objectives:

• Discuss the factors that explain why long-run growth rates differ so much among countries
• Explain the challenges to growth posed by scarcity of natural resources, environmental degradation, and efforts to make growth sustainable

III.  Notebook/Discussion – Copy Graph

IV.  Discussion:  Growth Policy page 384-392

A,  Growth Rate Differences

1. Physical Capital – Where does the money originate?
2. Human Capital – Ways to support it.
3. Technology – R&D

B.  How Government Prompts Economic Growth

1. Physical capital – Infrastructure
2. Human Capital – Education
3. Technology –
4. Stability, Property Rights, Eliminate restrictions

C.  Sustainability of Long Run Economic Growth

D.  Economic Growth and the Environment

• pollution, greenhouse gases, global warming, negative externalizes

V.  Classwork

• iLearn Ch 38&39 Questions (Test Monday)

 

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