EEH Lecture 1 Lessons and Issues F11

EEH Lecture 1 Lessons and Issues F11 - European Economic...

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European Economic History Economics 343:01 Professor Eugene N. White Fall 2011
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Lecture 1 Why is this course important? We are going to examine the central question of long-term economic growth: Why do some countries/economies “succeed.” Why did some countries first escape poverty? Why did/have some countries gain sustained economic growth and rising standards of living? What are the policies or conditions that encourage economic growth? Can rapid growth be taken for granted? Focus on Western Europe—source of modern growth
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Measuring Modern Growth (Success) GDP Total Real Output/Annual real growth (Who is #1? #2? #3?. ....) Real Output per capita/Real growth per capita Distribution of Income and Wealth Quality of Life (affected by distribution, pollution, environment) Life Expectancy Infant Mortality Height Literacy
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China is everyone’s mind… NYTimes 8/16/2010 China Passes Japan as Second-Largest Economy SHANGHAI — After three decades of spectacular growth, China
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This note was uploaded on 09/29/2011 for the course ECON 343 taught by Professor Moondra during the Fall '11 term at Rutgers.

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EEH Lecture 1 Lessons and Issues F11 - European Economic...

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