study_sheet_for_FinalExam

study_sheet_for_FinalExam - Study Sheet for the Final Exam...

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Economics 115B The final exam will be held Thursday, March 18 th from 10:30am – 12:30pm and will cover the material presented in the lecture and in discussion section. Below is a list of possible topics that could be on the exam and the details I find the most important. It is not a comprehensive list of everything that could be on the exam but is a good representation of the types of things you should know. Anything in the readings that was not mentioned in lecture or discussion section will not be on the exam. However, I recommend that you read the portions of the readings covered in the lectures and discussion section in order to get a solid understanding of the material. Be sure to have a good understanding of the homework assignments. 1. Overview a. Know the definition of a Malthusian trap b. What is the Harrod-Domar model? Why did the concept of the “financing gap” fail to guide developing economies properly? c. Be able to describe the Solow Model in words? Why is capital unimportant in the long-run but possibly important in the short run? d. What is the key to long-run growth in the Solow Model? e. Has the application of the Solow model to developing economies worked? f. What are the various ways that economic development has been quantified? 2. How did we get here? a. How does the early development of food production and early arrival of domesticated animals set up a region to be a powerful dominator (one with guns, germs and steel)? b. Why have we seen a transition from hunting and gathering to food production? c. What are the characteristics special to a crop? (enhanced wild plants) d. What is the domestication process for a plant? e. What crops were domesticated first? f. What are the characteristics of an animal that make it possible to domesticate? g. What are the big five domesticated animals? Know that they have been the same ones for thousands of years. h. How does domestication of animals earn more calories than hunting? i. What is the role of disease in empowering a region? j. What are the main differences in sedentary and hunter/gatherer lifestyles? k. What was the advantage of having “specialists” (or specialization) in your civilization? l. What makes the Fertile Crescent a unique birth place of food production? m. What is special about the axis of Eurasia? Why did it turn out to put Eurasia in such an advantageous place? n. What was special about “Britain” that made it important for the industrial revolution? o. What are some of the social changes present in the transition to an industrialized society? p. What was the role of steam power in the industrialization process? q. What was the process of the spread of industrialization? r.
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study_sheet_for_FinalExam - Study Sheet for the Final Exam...

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