Go Tomorrow Essay

566 words - 3 pages

ECON 250
ECONOMICS OF POVERTY

Views of Inequality and
Poverty
Reading: Schiller, Chapter 1
Review of Graphs: PDF file
(blackboard)

Today’s Topics




Hot issues
Analytical framework for causes of poverty
The complexities of measuring well-being
How poverty is related to inequality
Using Graphs: A review

Hot Issues
• What is poverty?
• Poverty in America




Who are the poor?
why are they poor?
Are they deserving of our assistance?
Who should provide assistance?
Are we providing too much or too little assistance?

• What is economic inequality? Does it matter?
• What is economic justice?

Analytical Framework for
Identifying the ...view middle of the document...

pewsocialtrends.org/2015/12/09/4-middle-class-incomes-fall-further-behind-uppertier-incomes/
http://www.pewsocialtrends.org/2015/12/09/the-american-middle-class-islosing-ground/

Using graphs: a review
• Slope of straight line
– Ratio of vertical change “rise” over horizontal change “run”
– Slope of straight line: Same numerical value (constant)
– Negative slope: One variable falls, other rises
– Positive slope: Both variables rise

Using graphs: a review
• Zero slope: Y value doesn’t change
• Infinite slope: X value doesn’t change

Using graphs: a review
• How to measure slope
Y

Y

C

11
C

9
8

Slope = 1/10 B

A

0

8

3

13
(a)

A

X

0

Slope = 3/10

B

13

3
(b)

X

...

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