Lecture 6: Growth
Growth and accumulation
Identify the sources of long-run economic growth.
Examine the neoclassical model of economic growth.
Analyse the role of savings, investment and
technology in the growth process.
Exports and Imports
-what cause exports and imports to change in quantity apart from exchange
1) GDP of countries exporting to
2) Price Domestic compare to Price Foreign
1) Domestic Demand, GDP
2) Price Domestic compare to P
Asia Financial Crisis 1997-1998
Great Depression - 1939 ended as WWII starts
what determine a person wealth at any point in time?
- It is to assets holding, that includes share and stock holdings
DL = -f(