101 lecture 18
-
Upload
gale-pooley -
Category
Economy & Finance
-
view
814 -
download
0
Transcript of 101 lecture 18
![Page 1: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/1.jpg)
Next Exam
Exam 3Tuesday December 16
Chapters 12-18
![Page 2: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/2.jpg)
Microeconomics Lecture 18
Wealth Creation
![Page 3: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/3.jpg)
Innovation
![Page 4: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/4.jpg)
WageLevel
Quantityof Labor
![Page 5: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/5.jpg)
WageLevel
Quantityof Labor
![Page 6: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/6.jpg)
WageLevel
Quantityof Labor
$36 million135 million SAR
![Page 7: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/7.jpg)
WageLevel
Quantityof Labor
ProfessionalSoccerPlayers
$36 million135 million SAR
![Page 8: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/8.jpg)
WageLevel
Quantityof Labor
ProfessionalSoccerPlayers
$36 million135 million SAR
![Page 9: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/9.jpg)
WageLevel
Quantityof Labor
ProfessionalSoccerPlayers
$36 million135 million SAR
![Page 10: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/10.jpg)
WageLevel
Quantityof Labor
ProfessionalSoccerPlayers
$36 million135 million SAR
![Page 11: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/11.jpg)
WageLevel
Quantityof Labor
ProfessionalSoccerPlayers
$36 million135 million SAR
![Page 12: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/12.jpg)
WageLevel
Quantityof Labor
ProfessionalSoccerPlayers
SchoolTeachers
$36 million135 million SAR
![Page 13: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/13.jpg)
WageLevel
Quantityof Labor
ProfessionalSoccerPlayers
SchoolTeachers
$36 million135 million SAR
![Page 14: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/14.jpg)
WageLevel
Quantityof Labor
ProfessionalSoccerPlayers
SchoolTeachers
$36 million135 million SAR
![Page 15: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/15.jpg)
WageLevel
Quantityof Labor
ProfessionalSoccerPlayers
SchoolTeachers
$36 million135 million SAR
![Page 16: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/16.jpg)
1800 2014 Change
Population one billion seven billion 7x
Life Expectancy 26 years 71 years 45 +
GDP Per Capita Per Day $3 $30 10 x
![Page 17: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/17.jpg)
![Page 18: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/18.jpg)
![Page 19: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/19.jpg)
![Page 20: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/20.jpg)
![Page 21: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/21.jpg)
![Page 22: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/22.jpg)
![Page 23: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/23.jpg)
![Page 24: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/24.jpg)
![Page 25: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/25.jpg)
![Page 26: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/26.jpg)
ideas
![Page 27: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/27.jpg)
ideas
inventions
![Page 28: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/28.jpg)
ideas
inventions
![Page 29: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/29.jpg)
ideas
inventions
innovations
![Page 30: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/30.jpg)
ideas
inventions
innovations
![Page 31: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/31.jpg)
ideas
inventions
innovations
3% becomeinnovations
![Page 32: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/32.jpg)
![Page 33: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/33.jpg)
Idea
![Page 34: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/34.jpg)
Idea
![Page 35: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/35.jpg)
Idea Invention
![Page 36: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/36.jpg)
Idea InventionInventor
![Page 37: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/37.jpg)
Idea InventionInventor
Steve Wozinac
![Page 38: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/38.jpg)
Idea InventionInventor
Steve Wozinac
![Page 39: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/39.jpg)
Idea Invention InnovationInventor
Steve Wozinac
![Page 40: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/40.jpg)
Idea Invention InnovationInventor Entrepreneur
Steve Wozinac
![Page 41: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/41.jpg)
Idea Invention InnovationInventor Entrepreneur
Steve Wozinac
Steve Jobs
![Page 42: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/42.jpg)
Ideas - Inventions - Innovations
![Page 43: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/43.jpg)
Ideas - Inventions - Innovations
Everyone has ideas
More people equal more ideas
![Page 44: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/44.jpg)
Inventor
![Page 45: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/45.jpg)
Inventor
turns an idea into reality
![Page 46: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/46.jpg)
Entrepreneur
![Page 47: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/47.jpg)
Entrepreneur
turns an invention into successful product
![Page 48: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/48.jpg)
Capitalism isn’t about competition.
Capitalism is about innovation
![Page 49: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/49.jpg)
![Page 50: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/50.jpg)
Entrepreneur
![Page 51: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/51.jpg)
Culture
Entrepreneur
![Page 52: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/52.jpg)
Human
Culture
Entrepreneur
![Page 53: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/53.jpg)
Physical
Human
Culture
Entrepreneur
![Page 54: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/54.jpg)
Financial Physical
Human
Culture
Entrepreneur
![Page 55: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/55.jpg)
Intellectual
Financial Physical
Human
Culture
Entrepreneur
![Page 56: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/56.jpg)
Intellectual
Financial Physical
Human
Culture
Entrepreneur
trust knowledge skills personality health relationships
![Page 57: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/57.jpg)
Intellectual
Financial Physical
Human
Culture
Entrepreneur
trust knowledge skills personality health relationships
natural resources time buildings equipmentthings than make things
![Page 58: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/58.jpg)
Intellectual
Financial Physical
Human
Culture
Entrepreneur
trust knowledge skills personality health relationships
natural resources time buildings equipmentthings than make things
money and risksavers and borrowers time is money
(1+r)n
insurance limited liability corporations
![Page 59: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/59.jpg)
Intellectual
Financial Physical
Human
Culture
Entrepreneur
trust knowledge skills personality health relationships
natural resources time buildings equipmentthings than make things
money and risksavers and borrowers time is money
(1+r)n
insurance limited liability corporations
ideas technologymethods
![Page 60: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/60.jpg)
Five Ages
![Page 61: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/61.jpg)
Five Ages
Hunter - GatherAgricultureIndustrial
InformationMobile
![Page 62: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/62.jpg)
![Page 63: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/63.jpg)
Dr. GaleNeighborhood
![Page 64: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/64.jpg)
Idaho USA1877
Dr. GaleNeighborhood
![Page 65: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/65.jpg)
Hunter-Gatherer AgeMuscle PowerStrongest Won
Idaho USA1877
Dr. GaleNeighborhood
![Page 66: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/66.jpg)
![Page 67: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/67.jpg)
Agricultural AgeAnimal Strength
![Page 68: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/68.jpg)
Industrial AgeWaterWindSteam
Oil
![Page 69: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/69.jpg)
Information Age
![Page 70: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/70.jpg)
StoreProcessTransmitNetwork
Information Age
![Page 71: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/71.jpg)
StoreProcessTransmitNetwork
WiredTelephonesComputers
Information Age
![Page 72: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/72.jpg)
![Page 73: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/73.jpg)
![Page 74: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/74.jpg)
Internet • Network • Fixed Points
![Page 75: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/75.jpg)
The Four Information Age Laws
![Page 76: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/76.jpg)
The Four Information Age Laws
MooreSegateGilder
Metcalfe
![Page 77: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/77.jpg)
Moore’s Law
![Page 78: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/78.jpg)
Moore’s Law
computer power doubles every 18
months
![Page 79: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/79.jpg)
Segate's Law
![Page 80: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/80.jpg)
Segate's Law
storage doubles every 12 months
![Page 81: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/81.jpg)
Gilder’s Law
![Page 82: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/82.jpg)
Gilder’s Law
bandwidth doubles every 6 months
![Page 83: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/83.jpg)
Metcalfe’s Law
![Page 84: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/84.jpg)
Metcalfe’s Law
networks value =
number of members squared
![Page 85: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/85.jpg)
Information Age Laws
![Page 86: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/86.jpg)
Information Age LawsNine Years
2023
Computers 64 xStorage 512 x
Bandwidth 262,144 x7 billion internet users
![Page 87: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/87.jpg)
Mobile Age
![Page 88: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/88.jpg)
Wireless Networks
Mobile Age
![Page 89: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/89.jpg)
Wireless Networks
Mobile Age
![Page 90: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/90.jpg)
Wireless Networks
Mobile Age
![Page 91: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/91.jpg)
![Page 92: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/92.jpg)
Five Ages
![Page 93: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/93.jpg)
HunterGatherer
Five Ages
![Page 94: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/94.jpg)
HunterGatherer Agricultural
Five Ages
![Page 95: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/95.jpg)
HunterGatherer Agricultural Industrial
Five Ages
![Page 96: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/96.jpg)
HunterGatherer Agricultural Industrial Information
Five Ages
![Page 97: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/97.jpg)
HunterGatherer Agricultural Industrial Information
Five Ages
Mobile
![Page 98: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/98.jpg)
![Page 99: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/99.jpg)
![Page 100: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/100.jpg)
Technology
![Page 101: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/101.jpg)
Technology
How we make things
![Page 102: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/102.jpg)
Technology
How we make things
Leverage Intelligence
![Page 103: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/103.jpg)
Technology
How we make things
Leverage Intelligence
Making things smarter
![Page 104: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/104.jpg)
Technology
How we make things
Leverage Intelligence
Making things smarter
Smarter way to make
![Page 105: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/105.jpg)
Five Ages
![Page 106: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/106.jpg)
Five Ages
More EnergyAtoms always existed
Way we organize atomsHarness energy
Apply intelligence
![Page 107: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/107.jpg)
Future Ages
![Page 108: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/108.jpg)
Future Ages
Making things smarter and smarter
More bits per atom
![Page 109: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/109.jpg)
![Page 110: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/110.jpg)
![Page 111: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/111.jpg)
Cancer Test
![Page 112: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/112.jpg)
Cancer Test
3 cents - 5 minutes168 x faster
26,667 less expensive400 x more sensitive
![Page 113: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/113.jpg)
Cancer Test
![Page 114: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/114.jpg)
Cancer Test
3 cents - 5 minutes$800 - 14 hours
400 x more sensitive
![Page 115: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/115.jpg)
![Page 116: 101 lecture 18](https://reader034.fdocuments.in/reader034/viewer/2022052623/559f696b1a28ab0d1e8b4605/html5/thumbnails/116.jpg)
1. What are the three I’s ?2. What are the five capitals?3. What are the five economic ages?4. What are the four laws of the information age?