Review for exam1 - Review for Exam 1 Here is a list with...

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Review for Exam 1 Here is a list with all the material covered by the first exam. You have to study the lectures (power point presentations), the assigned readings, the Aplia homeworks and the on-line quizzes. The exam will cover the material from week 2 to week 7. I posted a few examples of trade related questions. The exam will have 60 multiple choice questions. Material that you will have to cover for “Exam 1”: Week 2 and 3: Globalization and Economic Growth The Globalization Debate Poverty – definition, measures Increase in poverty? Why? Inequality Poverty – how can it be reduced? Gains from economic growth Economic Growth and Standard of Living GDP growth: developed versus developing countries Nominal versus Real GDP - How to calculate real GDP - Real GDP as a measure of welfare: shortcomings - GDP as a measure of Expenditure, Income, and Production The Production Function Growth in output: growth in labor, capital and TFP Growth accounting - Definition - Constant Returns to Scale - Growth Accounting for Japan, Germany, the UK, and the United States, 1913–1950; 1950-1973; 1973-1992 - Growth Accounting in Emerging Markets
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This note was uploaded on 10/02/2010 for the course INTB 3353 taught by Professor Prodan during the Spring '10 term at University of Houston-Victoria.

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Review for exam1 - Review for Exam 1 Here is a list with...

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