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101 lecture 2
- 2. Syllabus
- 4. Science
- 6. Most people Most of the time
- 7. Most people Most of the time Economics is a Soft Science
- 10. 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.
- 11. Economic Models
- 12. Economic Models Simplified Version of Reality
- 13. Economic Models Simplified Version of Reality Value in Prediction
- 15. Incentives Matter Change Incentives Change Behavior
- 16. Incentives are more important than goals
- 17. Consequences matter more than intentions
- 19. Macro Micro
- 20. What is Wealth?
- 21. What is Wealth? What People Want
- 22. Get wealthy by making others happy
- 23. Global Device
- 24. Global Device
- 25. Global Device
- 26. ARM Holdings Wolfson Marvel Skyworks U.S. CSR Linear Technologies U.K. NXP National Semiconductor Germany Sharp Korea Samsung Toshiba Japan Infineon Broadcom Taiwan Numonyx Micron China Dialog Semiconductor Texas Instruments STMicroelectronics Silicon Storage RF Microdevices Cirrus Logic
- 27. Ideas occur in minds not places
- 29. Angus Maddison
- 31. Angus Maddison 1 2012 AD
- 32. $100 Angus Maddison 1 2012 AD
- 33. $100 Income Per Person Angus Maddison Per Day 1 2012 AD
- 34. $100 Income Per Person Angus Maddison Per Day $3 1 2012 AD
- 35. $100 Income Per Person Angus Maddison Per Day $3 1 2012 AD
- 36. $100 Income Per Person Angus Maddison Per Day $3 1 2012 AD
- 37. $100 Income Per Person Angus Maddison Per Day “The Millennium–Poor Until 1820” $3 1 1820 2012 AD
- 38. $100 Income Per Person Angus Maddison Per Day $30 “The Millennium–Poor Until 1820” World 10x $3 1 1820 2012 AD
- 39. $100 Northern Europe North America Income 33x Per Person Angus Maddison Per Day $30 “The Millennium–Poor Until 1820” World 10x $3 1 1820 2012 AD
- 40. Slope Percentage Change Relationships Cause and Effect Areas
- 50. Y X
- 51. Price Y X Quantity
- 52. $ Price Y X Quantity Q
- 53. $ Q
- 54. $ Q
- 55. $ Q
- 56. $ Q
- 57. $ Q
- 58. $ Q
- 59. The End
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- In the previous lesson we were talking about the iPhone as a great innovation.\nBut what is “Innovation”?\n
- In is not true because places don’t design things, people design things. Ideas occur in minds not in places.\n\n
- Welcome to OneMinuteEcon. In this lesson we want to talk about ideas, inventions, and innovations.\n
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