ECO 1102 Lecture Notes - Lecture 11: Poverty Trap, Juggling, Human Capital

• School: University of Ottawa
• Department: Economics
• Course: ECO 1102
• Professor: Gordon Lenjosek

Document Summary

Economic growth: last class we talked about argentina as we are discussing what aids in product growth, public policy has an impact on all of those elements. As it becomes more scarce, the price will skyrocket, increasing the incentive to conserve this particular good. Impacts living standards in the following ways: stretches natural resources (e. g. 1 billion in 1800 to 8 billion in 2020), can dilute capital stock making physical capital and human capital at risk. May use policies to control population growth: promoting technological progress. The juggling act: the reality is that many governments cannot pay to improve all components to promote growth. View questions on slide 40 with a recap on this chapter on slide 42 * Identifying unemployment: they are produced by stats can, population aged 15+ Persons categorized within three of the following (full definitions are provided in the stats. Canada guide link in slide 4): employed: did any paid work.