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CAS EC 102 (215)
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Department
Economics
Course
CAS EC 102
Professor
Jay Zagorsky
Semester
Spring

Description
Macro “World’s Population” 01/31/2011 DQ: Are there too many people in the world? Scarce resources ▯ tradeoffs One scarce resource = LAND Switzerland bribery to leave Series of wars (Settlers Vs. Indians, Rwandan Genocide) nd 2  important economist: Thomas Malthus essay on principles of population Population grows at dif rates Food grows at same rate What happens if population goes above carrying capacity Terrible things BUT idea: to have new ideas, must come from critical mass >#ideas, ># people population density (to measure overcrowding) = #people/size of land resources consumed per/person = total resources/#people If you want more population, positive incentive If you don’t, negative  Demand curves slope downwards, Price goes down Income goes up (spend more on more of item)  01/31/2011 After common era (1600) population started to increase Around WW1 High population combined with high density does not necessarily result in rich country! (not whole story) ­kramers rule somewhat true.. Kramer = optimistic Malthus = Pessimistic Whats going on now? Street protests in Egypt for removal of pres hosni Mubarak Mubarak declared pres for life Tunisia has streep protests – works Egypt does same thing World is interconnected! Key points Despite the high levels of economic growth over the past few years, living conditions for the average  Egyptian remain poor What does this mean for economic and political stability? When people are poor they are willing to do things that they otherwise would be unwilling to do Land per person in Egypt Land fell by 2 times not three A little successful in reclaiming land BUT more people and fixed amount of land Cities are growing in Egypt where farms used to be Huge amounts of desertification Why do Egyptians eat so much Bread subsidized in Egypt 01/31/2011 Gov forced to provide difference in wheat “Bakery Police” Malthus prediction If food is cheap, population will rise Impact on united states if Egyptian gov dropped subsidy on bread? Farmers in west cost would be worse off because people wouldn’t buy their 
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