Instructors now have an easy way to collect students’ online quizzes with the Norton Gradebook without flooding their inboxes with e-mails.
Students can track their online quiz scores by setting up their own Student Gradebook.
This chapter addresses key issues of growth and ideas within macroeconomics. Why are new ideas—new ways of using existing resources—the key to sustained long-run growth? Why does “nonrivalry” make ideas different from other economic goods in a crucial way? How does the economics of ideas involve increasing returns and lead to problems with Adam Smith’s invisible hand. What is the new model of economic growth: the Romer model? And how do we combine the Romer and Solow models to get a full theory of long-run economic performance?
- Read the assigned sections from Chapter 6 in your print text or ebook and review the numbered “Summary” points that concludes each chapter This concept summary section highlights the key ideas that you will read about in the chapter.
- Read and print-out the Chapter Outline to bring to lecture and use it for note-taking. Check items that your instructor covered in class.
- Use the Vocabulary Flashcards to test your memory of the key terms in the chapter. You can even shuffle cards from earlier chapters if you’re trying to study for a test.
- Read the Chapter Summary to review key ideas presented in the assigned reading.
- Take the Diagnostic Quiz to assess your understanding of basic concepts. Examine the diagnostic quiz feedback, then review your notes and re-read sections in your textbook or ebook that correspond to questions you missed.
- Answer the Review Questions and submit your answers to the Norton Gradebook for your instructor to review and grade.
- Watch the Concept Tutorial Animations to get step-by-step explanations and derivations of the most important macroeconomic models and concepts presented in the text.
- Use the Data Plotter to see how various sets of real macroeconomic data are modeled and represented in graphical form.
- Access the Country Snapshots document to complete the end-of-chapter exercises in the text.
- Work the end of chapter Problems assigned by your instructor. If your instructor has assigned SmartWork online homework, click here.