How do researchers attempt to untangle the factors that contribute to economic growth and development?

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Describe the three or four most important things you have learned about economics this semester.

May 5, 2018

Explain five ways that the world is globalising, plus “first” and “second” waves.

May 5, 2018

Week 1: Course intro, What is growth?, Historical growth patterns, Contemporary picture of the global economy.

Expectations

Read provided material prior to class each week

Attend class for quizzes and activities

Complete assessment

Course outline

What is economic growth and development?

What are the prevailing theories that account for the massive differences in standard of living across countries?

How do researchers attempt to untangle the factors that contribute to economic growth and development?

What is globalisation, and how does the process of international economic integration affect national economies?

Today

Historical patterns of growth.

What do we mean by growth and globalisation?

Emerging issues you need to be aware of.

Mostly talkfest. Ask questions, share ideas. Will have class activity most weeks in second hour.

Very long run

Why didn’t human societies really grow until the industrial revolution?

Yuval Noah Harari argues that we simply didn’t collectively believe we could, so we didn’t organise our society towards that outcome.

Transformation / industrial revolution was accompanied by the belief system of Mercantilism.

Once we collectively believed in growth we took action to get it (individually, commercially, politically).

 

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