Summary: Many factors influence economic growth and development. Geography, factor endowments, institutions, and government policy all play a role. Today we start to explore the relationship between these factors and economic growth.
Inquiry Question: What causes economic growth and development?
You should have replied to two of your classmates on Flipgrid, agreeing with one and disagreeing with the other.
LECTURE: Lecture on the sources of economic growth.
Slideshow: I will start by introducing some basic ideas and models of economic growth and development.
Videos: Then we will watch and discuss the five videos starting with this one on the Solow Model.
READ: Theories that Don't Work. Make at least two annotations using hypothes.is. One should be an annotation that relates to today's inquiry question. The other should be a link to an article that relates to a passage in the reading.
REQUIRED: Finish the reading and annotations if you did not complete that in class.
OPTIONAL:
Listen to this podcast. Focus on this question as you listen: How do institutions affect economic growth and development according to Acemoglu?
Watch this Ted Talk. Focus on this question as you listen: How do ideas affect economic growth and development according to Tabarrok?
UNIT 1: THE CAPITALIST REVOLUTION
Essential Question: Did the industrial revolution and the development of capitalism improve life for people in England?
Supporting Question #1: What were the benefits of industrialization in England?
Supporting Question #2: What were the costs of industrialization in England?
Class 2: Lecture on 1.1 to 1.3 and shared inquiry (formative)
Class 3: Lecture on 1.4 to 1.6 and shared inquiry (formative)
Class 4: Lecture on 1.7 to 1.9 and shared inquiry (formative)
Class 5: Lecture on 1.10 to 1.12 and shared inquiry (formative)
Class 6: Open inquiry final assessment (summative) - Homework (Read Unit 3 Intro and 3.1-3.4 in CORE)