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Macro 3.pdf
- 4. Quiz 1.What contains more valuable informatuion, the quantity or price ? 2.Where is the iPhone made?
- 5. Quizmaster 1. Ten Question s 2. Three answers for each questio n 3. Email to Connor at by 3:00p m cjh425@go.byuh.ed u 4. One Extra Point on Exam
- 8. ARM Holdings Wolfson Marvel Skyworks CSR Linear Technologies NXP National Semiconductor Sharp Samsung Toshiba Infineon Broadcom Numonyx Micron Dialog Semiconductor Texas Instruments STMicroelectronics Silicon Storage RF Microdevices Cirrus Logic U.S. U.K. Germany Korea Japan Taiwan China
- 12. What would you have to be paid to never use the Internet again? Then you must be a millionaire
- 13. Only possible because billions of people have learned to cooperate with each other To serve one another
- 15. What does it cost to ship an iPhone from China to the U.S. ? 54 ¢ 450,000 iPhones cost about $242,000 to charte r Fuel accounting for more than half the expense. 44,700 gallons
- 16. What is worth the most?
- 18. Tradeoffs Mileage Safety A 2001 National Academy of Sciences study estimated that the traffic death toll attributable to past downsizing was approximately 2,000 lives per year.
- 19. Economic Models Simplified Version of Reality Value in Prediction
- 20. Incentives Matter Change Incentives Change Behavior
- 21. Incentives are more important than goals
- 24. Macro Micro
- 25. U.S. Farmers 1800 - 90 percent
- 26. U.S. Farmers 1900 - 45 percent Gasoline engines replaced horses
- 27. U.S. Farmers 2012 - 2 percent
- 28. What happened to those 88 people?
- 29. Get wealthy by making others happy
- 30. Every person has the power to create wealth
- 31. Because every person has the power to make someone happy
- 34. Learning English Access to the world’s knowledge
- 36. 10 Questions 1. What is GDP ? 2. What is GDP per Capita ? 3. What is the Average GDP per capita on earth ? 4. What is the GDP per capita in your country ? 5. What is innovation ? 6. Are all inventors also entrepreneurs ? 7. What are the capitals of innovation ? 8. What is the source of wealth ? 9. What is the Magic Machine of economics ? 10. Will a hurricane increase GDP?
- 38. Magic Machine
- 41. Trade is a Magic Machine
- 43. What if Steve Jobs had been born in Syria like his father?
- 44. What is wealth? Anything we value
- 45. What is capital? Anything that can create value
- 46. What is the most important cultural capital? Trust