Summary: Today we will continue to learn about free trade, migration, and inequality.
Inquiry Question: Did free trade agreements and migration increase inequality in Europe and the United States?
You should be prepared to do an oral defense of the claims, evidence, and reasoning you made in the paper you wrote last class.
ORAL DEFENSE: Meet with your teacher and answer questions about your research based on your claims, evidence, and reasoning. You will do this individually for about 5 minutes each.
Required: None
Optional: Listen to this podcast. Focus on this question as you listen: How do new ideas differ from changes in the capital stock in regard to their effects on economic growth?
Paul Romer, Stanford University professor and Hoover Institution Senior Fellow talks with EconTalk host Russ Roberts about growth, China, innovation, and the role of human capital. Also discussed are ideas in creating growth, the idea that ideas allow for increasing returns, and intellectual property and how it should be treated. This 75 minute podcast is a wonderful introduction to thinking about what creates and sustains our standard of living in the modern world.