Before Class on Tuesday, 10/05
Read: Moore (2020)
Watch (6:39): Khan (2014)
In Class
Slides: Consumption and Savings
Before Class on Thursday, 10/07
Have tried or completed all of Weekly Review 5
Material Links
Khan, Sal. (2014). “Consumption Function Basics.” Khan Academy. https://www.khanacademy.org/economics-finance-domain/macroeconomics/income-and-expenditure-topic/macroeconomics-the-consumption-function/v/consumption-function-basics
Moore, Kyle. (2020). “The Economics of Race.” Phenomenal World. 27 February https://phenomenalworld.org/analysis/stratification-economics
1.In“The Econonmics Of Race”(2020)，it says that the record shows that there are significant socioeconomic, racial disparities, and racial disparities are the result of a capital deficit in social capital，do you think that is true？
2. I learned that there are serious racial disparities in the economy, in income, in education, in wealth and in health in the United States, and that we can’t deal with those disparities in any substantive way. If change is to be made it has to be structural, not personal.
3. My favorite part is to explain to us what the consumption function means, which is how much consumption can be generated by total income in an economy.