MGEC81H3 Final: MGEC81 Final Exam Review (notes made from textbook and lecture slides)

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The world"s population is very unevenly distributed by: geographic region, fertility and mortality levels, age structures. Social, economic, institutional forces that influence fertility: most future population growth will take place in the developing world. Demographic transition (see lecture 9 slides 22-32 for more details) Stage 1: pre-industrial stage: high birthrates and death rates, low/stagnant growth rates, before economic modernization. Stage 4: post-industrial stage: low birthrates, low death rates, low growth rates, better education, more affluent, cultural attitude towards smaller families, better standard of living, canada, united states. Stage 5 (hypothetical: low birthrates, rising death rates, declining growth rates, zero population growth, graying population: proportion of elderly is increasing, western europe, japan, italy, spain, 280. Causes of high fertility in developing countries: malthusian and household models (see lecture 9 for more details) Income and substitution effects apply tppyf x: demand for children equation: d c. Px is price of all other goods tx is the tastes for goods relative to children.

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