review3- spring 10

review3- spring 10 - ECON 210 Fall 07 Sankaran STUDY GUIDE...

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ECON 210 Fall 07 Sankaran STUDY GUIDE MIDTERM # 3 Remember to bring a non-programmable, non-graphical calculator, some pencils, and an eraser. CHAPTER 7 – PRODUCTION AND GROWTH 1. Definitions, applications and examples: productivity, physical capital, human capital, natural resources, per capita GDP, investment, World Bank, IMF, Gary Becker (everything he proposed), foreign direct investment, foreign portfolio investment, diminishing returns, catch-up effect, free trade, brain drain, child labor, other problems impacting developing countries, 2. What are the differences in growth rates of countries attributable to? 3. Know the policies that a government should pursue encourage growth in the long run. To increase growth rates, we need to increase productivity rates. So what are the policies that would increase productivity rates? 4. How do investments/savings affect growth rates? 5. What do most economists attribute the recent fall in the growth of productivity in the US to? CHAPTER 8 – SAVING, INVESTMENT AND THE FINANCIAL SYSTEM 1. Definitions and examples: financial system. financial markets, financial institutions, financial intermediaries, stocks, bonds, mutual funds, banks, junk bonds, budget surplus, budget deficits, balanced budget, crowding
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This note was uploaded on 06/14/2011 for the course ECON 222 taught by Professor Shimpalee during the Spring '10 term at South Carolina.

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review3- spring 10 - ECON 210 Fall 07 Sankaran STUDY GUIDE...

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