I. Bellwork: Q&A – TAKE A PICTURE OR SCAN AND SEND IT TO GOOGLE CLASSROOM – Some of you now need to correct your poor handwriting.
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
- Physical Capital – Where does the money originate?
- Human Capital – Ways to support it.
- Technology – R&D
B. How Government Prompts Economic Growth
- Physical capital – Infrastructure
- Human Capital – Education
- Technology –
- 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