Economic Growth
what is economic growth. Compare the U.S., China, India, over time. What do you notice? Compare growth rates of 7 different countries over time and explain why rates might differ. Breakthrough in Bangladesh, Capital, human capital, technology, research and development role of government all play a role, explain. What is the matter with Italy? East Asian miracles. Africa left behind. Why? Savings and Investment, the financial system, types of financial assets, stocks (look up Apple, Google, FB, Amazon, on google and check their stock prices over 2 years). Talk about bonds, mutual funds and explain the great American housing bubble.
Economic growth – why do you need it? How do you get it? Savings, investment and the financial system. Different types of investments, mutual funds, stocks, bonds, annuities, present value, housing bubbles.
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