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Economy

Chapter 16 AP World History Outline

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Chapter 16 The World Economy I. Introduction A. What are consequences of? 1. Voyages of Columbus 2. Exploration of Europeans 3. Empires built by European conquerors/missionaries B. Consequences 1. Power shift 2. Redefinition of interchange D. Patterns of diffusion 1. Classical ? developing regional economies/cultures ? Medit./China a. External conflicts existed, but not that important 2. Postclassical Era ? contacts increase a. Missionary religions spread b. Interregional trade key component of economies ? bet. continents c. Some regions dominated trade ? Muslims then Mongols 3. 1450-1750 ? Eve of the Early Modern Period a. New areas of world brought into global community ? Americas b. Rate of global trade increased ? Southeast Asia

Chapter 9

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Notes on Key Issue 1; Chapter 9 Development- the process of improving the material conditions of people through diffusion of knowledge and technology More Developed Countries (MDCs) - has progressed further along the development continuum Less Developed Countries (LDCs) - a country in an earlier stage of development Human Development Index (HDI) - recognizes that a country?s level of development is a functio9n for all three factors 3 factors- economic, social and demographic Highest HDI is Norway at 0.944 in 2001 Economic Indicator is gross domestic product per capita Gross Domestic Product (GDP) - value of the total output of goods and services produced in a country Jobs three categories- primary, secondary and tertiary

Micro Economy Chapter 4

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Text transcription of Chapter 4 ? The Market Forces of Supply and Demand Welcome to the Chapter 4 Lecture on the Market Forces of Supply and Demand. This is the longest chapter for Unit 1, with the most material. We will use the concepts of supply and demand throughout the rest of the semester. It is very important that you understand these concepts now; otherwise future chapters will be very confusing.
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