principles of finance - mamunur's e-portfolio · 2018-10-19 · learning outcomes mamunur...
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WELCOME TO
WEEK 8
Instructor:
Mamunur Rashid
MACROECONOMICS: CGE (BBUS1007)
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TODAY’S AGENDA
Sunday, March 23, 2014Mamunur Rashid, GBC
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Review of Last Week
New Concept
Learning Outcomes and EES
Today’s Discussion: Economic Growth
Topics for Homework
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LEARNING OUTCOMES
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Chapter 6: Economic Growth1. Analyze the basic economic problem faced by all societies
2. Apply Fundamental Economic Theory to Current Events
3. Analyze the factors which influence changes in price level
4. Analyze various economic measurements
Chapter Specific Objectives
Explain the cost-benefit of economic growth
Describe the theories of economic growth
Understand the limits to growth
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THE NATURE OF GROWTH
Sunday, March 23, 2014Mamunur Rashid, GBC
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The Fact of Growth
Sustained increases in Y* (economy’s production)
A powerful method of raising material living standards
Even small differences in annual growth rates can result inlarge changes in living standards after many years
Three variables:
GDP, per capita GDP, and GDP per worker
![Page 5: Principles of Finance - Mamunur's e-Portfolio · 2018-10-19 · LEARNING OUTCOMES Mamunur Rashid, GBC Sunday, March 23, 2014 3 Chapter 6: Economic Growth 1. Analyze the basic economic](https://reader031.vdocument.in/reader031/viewer/2022042001/5e6d7d6d0007336b7772eaf7/html5/thumbnails/5.jpg)
THE NATURE OF GROWTH
Sunday, March 23, 2014Mamunur Rashid, GBC
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Thre
e A
spe
cts
of
Gro
wth
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BRAINSTORMING
Sunday, March 23, 2014Mamunur Rashid, GBC
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Activity 1:
Think – Pair – Share or Discuss in Small Groups
Find the answers
Share with the large group
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WHAT IS THE IDEA?
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What do we see in the video?
Read handout 2 before you watch the video:
http://www.youtube.com/watch?v=dBTiCOtNwi0
Use handout 2 to take notes while you watch
![Page 8: Principles of Finance - Mamunur's e-Portfolio · 2018-10-19 · LEARNING OUTCOMES Mamunur Rashid, GBC Sunday, March 23, 2014 3 Chapter 6: Economic Growth 1. Analyze the basic economic](https://reader031.vdocument.in/reader031/viewer/2022042001/5e6d7d6d0007336b7772eaf7/html5/thumbnails/8.jpg)
GROUP DISCUSSION
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Activity 3:
Use handout 2 and 3
Find the answers
Discuss in Small Groups
Share with the large group
![Page 9: Principles of Finance - Mamunur's e-Portfolio · 2018-10-19 · LEARNING OUTCOMES Mamunur Rashid, GBC Sunday, March 23, 2014 3 Chapter 6: Economic Growth 1. Analyze the basic economic](https://reader031.vdocument.in/reader031/viewer/2022042001/5e6d7d6d0007336b7772eaf7/html5/thumbnails/9.jpg)
THE NATURE OF GROWTH (cont...)
Sunday, March 23, 2014Mamunur Rashid, GBC
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Be
nef
its
of
Eco
no
mic
Gro
wth
![Page 10: Principles of Finance - Mamunur's e-Portfolio · 2018-10-19 · LEARNING OUTCOMES Mamunur Rashid, GBC Sunday, March 23, 2014 3 Chapter 6: Economic Growth 1. Analyze the basic economic](https://reader031.vdocument.in/reader031/viewer/2022042001/5e6d7d6d0007336b7772eaf7/html5/thumbnails/10.jpg)
THE NATURE OF GROWTH (cont...)
Sunday, March 23, 2014Mamunur Rashid, GBC
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Be
nef
its
of
Eco
no
mic
Gro
wth
![Page 11: Principles of Finance - Mamunur's e-Portfolio · 2018-10-19 · LEARNING OUTCOMES Mamunur Rashid, GBC Sunday, March 23, 2014 3 Chapter 6: Economic Growth 1. Analyze the basic economic](https://reader031.vdocument.in/reader031/viewer/2022042001/5e6d7d6d0007336b7772eaf7/html5/thumbnails/11.jpg)
THE NATURE OF GROWTH (cont...)
Sunday, March 23, 2014Mamunur Rashid, GBC
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Co
sts
of
Eco
no
mic
Gro
wth
![Page 12: Principles of Finance - Mamunur's e-Portfolio · 2018-10-19 · LEARNING OUTCOMES Mamunur Rashid, GBC Sunday, March 23, 2014 3 Chapter 6: Economic Growth 1. Analyze the basic economic](https://reader031.vdocument.in/reader031/viewer/2022042001/5e6d7d6d0007336b7772eaf7/html5/thumbnails/12.jpg)
THE NATURE OF GROWTH (cont...)
Sunday, March 23, 2014Mamunur Rashid, GBC
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Co
sts
of
Eco
no
mic
Gro
wth
![Page 13: Principles of Finance - Mamunur's e-Portfolio · 2018-10-19 · LEARNING OUTCOMES Mamunur Rashid, GBC Sunday, March 23, 2014 3 Chapter 6: Economic Growth 1. Analyze the basic economic](https://reader031.vdocument.in/reader031/viewer/2022042001/5e6d7d6d0007336b7772eaf7/html5/thumbnails/13.jpg)
HOMEWORK
Sunday, March 23, 2014Mamunur Rashid, GBC
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Read and Solve the following:
Read the case study Box 6.1: The Growth Magic
Solve the end of Chapter Study Exercises
Exercises 1 through 10
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CONCLUSION
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Next Week
Chapter 7: Business Cycle
Thanks for coming!