a. Sum up the main accounts of Europe's industrial revolution, each in a sentence or two.
b. If the industrial revolution was the child of capitalism, what in your view explains the rise of capitalism itself?
e. Use simple graphs to describe demographic & GDP-structure changes accompanying Modern Economic Growth.
f. What are the main factors that can help account for each of these?
g. What are the consumption good, investment good, and insurance good hypotheses for the birth rate transition?
h. Critique these theories and explain which one you find persuasive.
i. Explain the general idea of coordination failure.
j. Can a coordination failure be set right by the free market?
k. Does an investment coordination failure require a government "big push"?
l. Describe a model of economic growth with "spillover effects".
m. Be sure to explain how the model explains per capita income growth by means of increasing returns.