MODULE 05: PART 2, ELEMENTS 2.1-2.2 AND ECONOMIC GROWTH

Module Description

Concepts and Topics: Legal system and private ownership; Private property and incentives; Competitive process; and Economic growth: record and importance

Using the corresponding slides 1-21 in Part 2: Seven Major Sources of Economic Progress PPTX or PDF, take notes while you:

Read

Read about Sources 2.1 and 2.2; (p. 49-64 in the 3^rd edition of your Common Sense Economics textbook).

Common Sense Economics can be purchased in print and digital forms from a variety of retailers.

More details about course curriculum (including assignments, quizzes, and a free ebook) can be found at Certell. Other valuable resources can be found at commonsenseeconomics.com

WATCH

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Watch 2 content presentations:

Element 1

Element 2

Watch 7 videos: (i) CSE Slice of Life 5 (9:18); (ii) CSE 2 Intro Hans Rosling- 200 countries 200 years (5:33); (iii) CSE 2 Intro Louis CK- Technology (4:45); (iv) CSE 2.1 Ultimate Resource- Eusebio's Dream- Property Rights (7:16); (v) CSE 2.1 Stossel Micro 02- Economics of private property rights (4:48); (vi) CSE 2.2 Stossel Micro 09- Wal-Mart competition and cost control (5:29); and (vii) CSE 2.2 TFAS- Would you give up the internet (5:58).

LISTEN

Listen to and/or read these 3 items: (i) CSE 2.1 Private Property and Opportunity Costs by Dwight Lee (Audio, 8:22); (ii) CSE 2.2 Running Out of Agricultural Land by Dwight Lee (Audio, 8:48); and (iii) CSE 2.2 Do Big Box Retailers Harm the Quality of Life? by Roberts Russ (Audio, 12:12).