Slide 1

Chapter 9. Growth and the Environment Link to syllabus Skip: rule of 70 p. 244. Skip diminishing returns to capital, page 234

Slide 2

Economic Growth in the US, India, and China. Fig 9-1, P. 242

Slide 3

EYE ON THE PAST Back to list Different text Mostly stagnation until Industrial Revolution How Fast Has Real GDP per Person Grown?

Slide 4

Figure 9-2 p. 243. GDP/Cap around the World.

Slide 5

Fig 9-3 p. 245. Comparing Recent Growth Rates, 1980-2010.

Slide 6

Technological Progress and Productivity Growth. Fig 9-5 p. 251

Slide 7

US Productivity, Decline and Recovery Fig 9-6 p. 252

Slide 8

Old Europe and New Technology. P. 256.

Slide 9

Growth: Success and Disappointment. Fig 9-8 p. 260

Slide 10

Convergence? Figure 9-9 p. 263

Slide 11

EYE ON THE GLOBAL ECONOMY Back to list Different Text Persistent Gaps or Convergence?

Slide 12

EYE ON THE GLOBAL ECONOMY Back to list P. 241 Very interesting Persistent Gaps or Convergence?

Slide 13

1798 Essay on the Principle of Population Overpopulation; economics as the dismal science Improvements in living standards due to the industrial revolution would be overwhelmed by increases in population, and by stagnation in food production due to limited resources. David Malthus, 1766-1834

Slide 14

Neo-Malthusians: resources and environmental problems Club of Rome: Limits to Growth 1970s From earlier edition of this textbook

Slide 15

Pollution and Growth. Fig 9-12, p. 267

Slide 16

The Real Price of Oil, 1949-2007. Fig. 9-10, p. 264

Slide 17

US Oil Consumption, and GDP Growth. Figure 9-11 p. 265

Slide 18

U.S. Oil Production, Consumption, Imports Source: U.S. DoE