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lec3 - ECONOMICS 175 Professor Ronald D Lee Lecture 3 ASUC...

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ECONOMICS 175 Professor Ronald D. Lee 1/27/09 Lecture 3 ASUC Lecture Notes Online is the only authorized note-taking service at UC Berkeley. Do not share, copy or illegally distribute (electronically or otherwise) these notes. Our student-run program depends on your individual subscription for its continued existence. These notes are copyrighted by the University of California and are for your personal use only. D O N O T C O P Y Sharing or copying these notes is illegal and could end note taking for this course. Announcements Black Lightning notes are available for $39 for the semester. They will be increasing in price soon so get them soon. This week there will be special computer sections held in 64 Barrows. Check bSpace for the times. The people who have not emailed in their confirmation were dropped from the waitlist and from the class. There are 12 people on the demography waitlist and 11 on the economics waitlist. There are till 6 available slots through the Economics department through course entry codes. My guess is that everyone will get in off the waitlist. But I cannot promise this. Reading for next time: Gary Becker “The Evolution of the Family.” In addition there is reading from Pindyck and Rubinfeld’s Microeconomics book on page 67-88, 120-122, mid 531 to mid 534. This will be a review for many of you but for those who are not familiar with the material it would be good to review. There will be about 26 remaining lectures and I will ignore your worst four lectures for participation. If you have a problem with your iClicker you can email [email protected] or call 866-209-5698. IClicker Questions Question 1: What is the global annual growth rate in population? C. 1.2% per year On an exam if you were asked this question, plus or minus .2% would be okay. Question 2: Replacement level fertility is different an 2.0 births per woman on average because: E. both of the last two listed responses (less than half of births are female and not all female births survive to reproductive age). Question 3: If the global TFR dropped to replacement level today, then the population size would: A. continue to grow for a number of decades due to population momentum. The age distribution of the population matters as well. Question 4: The NRR could be either greater or small than the GRR for the same population at the same time. True or false? This is false. Why? The GRR is the number of female births to the female woman over a life time not taking mortality into account. The NRR is similar to the GRR but it takes into account survival probabilities. If the survival probability was 100% up to say 50, then GRR and NRR would be equal. However, survival probability is never 100%, it is always lower. This brings the NRR down relative to the GRR. The NRR must be less than the GRR.
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