International development goals
Here is the official list of MDG indicators and below is the 2015 progress report. Here is an overview of the Sustainable Development Goals Report 2018 and the report itself is here. You will be assigned a number of goals. Use this website to discover more about the goals https://www.un.org/sustainabledevelopment/sustainable-development-goals/ For each goal - provide two pieces of evidence on progress and two pieces of evidence of lack of progress made and add these to the shared Google Doc Sustainable Development Goals. We will then make Flipgrid videos based on this information. What can YOU do personally to help achieve these goals... see The Lazy Person's Guide to Saving the World ... try and commit to doing at least one thing at each level! Perhaps there are things in this that could be turned into a CAS Project!
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Economic growth and economic development
I will email you a quiz to take at the beginning of the class and then we will go through the answers... and will follow that up with a card sorting activity.
Then you will address the syllabus objectives above using this document: The nature of economic growth and economic development Over the course of studies we will focus on some central themes:
Today we will consider what these actually mean using the Visible Thinking technique THINK-PUZZLE-EXPLORE
We will just be thinking and puzzling today and will explore these issues as we progress through the course. So... Should government intervene in the allocation of resources? If so, when and how? How sustainable are our current patterns of resource allocation? What does sustainability mean in terms of economic growth? How does the goal of economic efficiency conflict with the goal of equity? What is the difference between efficiency and equity? What is the difference between economic growth and economic development? Can we have growth without development? Can we have development without growth? • Explain that as a result of scarcity, choices have to be made. • Explain that when an economic choice is made, an alternative is always foregone. • Explain that a production possibilities curve (production possibilities frontier) model may be used to show the concepts of scarcity, choice, opportunity cost and a situation of unemployed resources and inefficiency.
Utility is the satisfaction that we get from consuming an item. Marginal utility is the additional satisfaction we get from consuming one more (additional) item. The theory of diminishing marginal utility states that as we consume more of a product, marginal utility will decrease, i.e. the first unit consumed will yield more satisfaction than the second which will yield more satisfaction than the third.... and so on. Rational consumers will seek to maximise their total utility. Economic theories are based on rational economic decision-making, i.e. economic decision-makers will act in their best self-interest. We assume that consumers will seek to spend their money in such a way as to maximise their total utility. Producers will seek to maximise their profits. The thing is, people are not always rational!
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March 2021
Maree SpraggonTeacher of IB Economics at the American School of Budapest Categories |