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Econ 110A
UC DAVIS professor Clark
23
Economics
Undergraduate 4
03/23/2012

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Cards

Term
how do u deteremine living standards
Definition
1. complete wage
2. grain wage,
3 caloric intake
4 consumption share
5. height
Term
neolithic revolution
Definition
10000-5,000 BC
Term
+commercial revolution
Definition
1200-1700
Term
protestant reformation
Definition
1517-1648
Term
scientific revolution
Definition
1543-1760
Term
Industrious Revolution
Definition
1600-1800
Term
Democratic revolution
Definition
1688
Term
Demographic revolution
Definition
1870-1920
Term
before 1800 avg children and br/dr
Definition
BR=DR and 2
Term
subsistance income
Definition
BR=DR
Term
y ^
Definition
BR ^
DR down
Term
y goes down
Definition
pop^
Term
life expectancy
Definition
e0 = 1/BR
BR = births/1000
Term
virtues of malthusian model
Definition
fertility limitation
bad sanitation
violence
harvest failures
infanticide
indolence
taxation
Term
vices of the malthusian model
Definition
fecundity
cleanliness
peace
public granery
hardwork
fiscal prudence
Term
black death
Definition
1349
Term
total fertility rate
Definition
births/woman who reaches end of reproductive cycle
Term
evidence comparison b/w england in 1300 and 2000
Definition
low tax rates
modest social transfers
stable money
low public debt
security of property
security of person
social mobility
free goods markets
free labor markets
free capital markets
free land markets
rewards for knowledge creation
Term
plague
Definition
1347
Term
highest living standard
Definition
1450
Term
malthus
Definition
1798
Term
adam smith
Definition
1776
Term
`puzzle of the IR
Definition
exogenous shock- why only in england?
multiple equilibria- economic incentives in place in england...high wages..why not athens?
endogenous growth- more people.. more ideas
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