How humanity escaped the trap of historical poverty
Professor Matt Hill examines the profound transition from a history of widespread poverty to the unprecedented era of modern economic expansion and the resulting impact on global prosperity.
In this walkthrough of the 'Long Run Growth' unit, Professor Matt Hill uses classroom slides to explore the trajectory of human wealth. The lesson begins by establishing the historical reality that, for the vast majority of human existence, people lived in poverty. It then investigates the mechanics behind the sudden, massive explosion of economic growth that has occurred in recent history and evaluates how this expansion has fundamentally altered human prosperity.
Source: Day 3: Long Run Growth | Intro to Economics Unit Plan Walkthrough
