Once again we are briefly moving sideways into another Development Economics topic. Here are the objectives:
With reference to a specific developing economy, and using appropriate diagrams where relevant, examine how the following factors contribute to economic development. 1. Education and health 2. The use of appropriate technology 3. Access to credit and micro-credit 4. The empowerment of women 5. Income distribution Part A - use resource A Choose either Afghanistan or Congo and explain how two or more of the poverty traps depicted in the handout apply to them. Explain how other institutional, political, social and cultural factors may create obstacles to development – use examples in your explanation. Part B · Education and health - use Resource A and p356-8 of textbook o The opposite of a vicious cycle is a virtuous cycle, i.e. one with favourable results. Create virtuous cycles depicting the benefits of improved education and improved health. o What specific things could be done to improve these two areas. o Use Nepal as an example of correlation between education/health and income levels. · The use of appropriate technology - use p364-5 of textbook o What does this mean in terms of both production and consumption? · Access to credit and micro-credit - use resource A and p362-3 of textbook o What is credit? o Why is a sound banking system essential for economic growth and development? o Create a poverty cycle using LOW SAVINGS as both a beginning and finishing point. o What specific difficulties exist for the poor in developing countries with regards to obtaining credit? o What is micro-credit and how does this help development? o Case-study – Grameen Bank, Kiva (case study/questions - Resource B) · Empowerment of women o Use Resource C to give examples of gender inequality and the deprivations faced by women and girls in much of the world. o What benefits may a country expect if women become more empowered? Resource C and p365 of textbook o What strategies could be implemented to ensure improved social and economic participation of woman? · Income distribution - p365-6 of textbook o How can high levels of income inequality hinder growth and development?
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Watch the video (which is embedded in the form), answer the questions... (make sure you are logged in using your school gmail account!
https://docs.google.com/a/aisb.hu/forms/d/1Rg_Sf49mHqMBuk7DyP_QQ-OmZiVIMQGhLMbOVav9rfQ/viewform The meaning of economic growth
The tasks to address the objectives above are on the following document - download and complete.
This is an HL only topic and could very well be part of a Paper 1 (essay) question.... particularly part (b) of a long essay.... the evaluation section. So make sure you can use this type of analysis when evaluating government policy choices. The tasks addressing the objectives above are in the following document - download a copy and complete.
Jason Welker has uploaded two videos on both the short run and the long run Phillips Curves
Causes of inflation (D/B p230-232)
Measures to deal with inflation (D/B p233-235) The cure will depend on the cause:
You will receive another handout with worked examples of creating a simple weighted price index with practice tasks. It is very important that you complete and understand these tasks as you will have a test on this soon... this is the type of question you may get in your Paper 3 exam.
Yes.... that is a 100,000,000,000,000 Zimbabwe dollar note! The product of extreme hyperinflation in Zimbabwe in the first decade of the 21st century. You can read about it here. By November 2008 the rate of inflation was a massive 89,700,000,000,000,000,000,000%!!! Hungary has actually suffered a higher rate of inflation than that.... in July 1946 the rate of inflation was Jul. 1946, 41.9 quadrillion percent! See here for more details. Current inflation details for Hungary can be found here. For details on world inflation rates click here. The US Inflation calculator can be found here... how much would it cost you in 2014 to buy something that was priced at $20 in the year you were born and what is the cumulative inflation rate? TASK 1
Define the following terms and also construct a graph to show these events over time:
TASK 2 Click on the link Measuring Inflation to access worksheet with tasks Thursday 2 October A block/Friday 3 October E block
Time to finish with the solutions of unemployment plus articles to analyse as case studies. Short quiz (multiple choice and a diagram question) at the beginning of Monday's class. |
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