Final Econ Presentation_ Malthus and the Green Revolution.pptx

Powerpoint presentation of Econ

1. Malthus and the Green Revolution Group 3 : Lane Ham, Holly McKissick , Van Vu

2. Thomas Malthus (1766 - 1834) English cleric and economist An Essay on the Principle of Population Population Growth > Food Production “The superior power of population cannot be checked without producing misery or vice.”

3. Malthusian Trap Law of diminishing marginal returns Land on earth (capital) is fixed

4. Video

5. Short Run vs. Long Run Long Run Production - Multiple Varied Inputs Short Run Production - One Input Varied Case: Land is Fixed & Labor is Varied with Diminishing Marginal Returns

6. Innovations Idea, Device, or Method Affects Production Function: q=f(L,K) Technical Progress Occurs q=1.1f(L,K)

7. The Green Revolution 1930’s - 1960’s Innovations in agriculture : - Irrigation - GMO (roundup ready crops) - Mechanical , industrial