ECON 208 Chapter Notes - Chapter 1: Mass Production, Barter, Anti-Globalization Movement

• School: McGill University
• Department: Economics
• Course: ECON 208
• Professor: El- Attar Mayssun

Document Summary

Econ 208 livre semestre 1 microeconomics register pour crn 23624. Productivity growth: measure of how much output (income) is produced by one hour of work effort. Population aging due to a long term decline in fertility and to an increase in average life- expectancy = less labour force + more difficult to find workers + increase in health spending. Climate change global phenomenon which i(cid:374)(cid:272)reases earth"s te(cid:373)perature need to go more green. Global financial stability crisis of 2007-8 led to a global crisis but after new elements came as new mortgage practice, innovative financial instruments, expansionary monetary policy, regulation of the financial sector gov intervene more in the economy. International monetary fund the europea(cid:374) (cid:862)so(cid:448)ereig(cid:374) de(cid:271)t (cid:272)risis(cid:863) i(cid:374) still u(cid:374)resol(cid:448)ed. Globalization international e(cid:454)(cid:272)ha(cid:374)ges are (cid:272)ru(cid:272)ial for ca(cid:374)ada"s e(cid:272)o(cid:374)o(cid:373)(cid:455) (cid:271)ut glo(cid:271)alizatio(cid:374) presents also some challenges (competition for canadian firms , decline in some middle- level jobs for the profit of jobs in expanding sectors).