Resources

Consult Core Econ’s Fact checker for a detailed list of sources.

Exercises

Figures

Figure 1: The human capital dynamics curve.
Figure 2: Unstable equilibria, stable equilibria, and tipping points.
Figure 3: Vulnerability as an unstable equilibrium.
Figure 4: Inequality and vulnerability in a tipping point equilibrium.
Figure 5: Four income groups: extreme poverty, poverty, vulnerable, and the middle/upper class.
Figure 6: Changes in the income distribution after a shock.
Figure 7: The causal relationships between income, technology, institutions, and endowments.
Figure 8: The causal relationships between income generation, resilience, vulnerability, and poverty.
Figure 9: Screenshot of the simulation tool.
Figure 10: Criteria for the simulation.
Figure 11: Example of a 60% magnitude shock on the urban population with very high education (top panel) and its consequences on the Gini coefficient (bottom panel).
Figure 12: Example of a 40% magnitude income shock on the urban population with low education (top panel) and its consequences on the income distribution (bottom panel).
Figure 13: The six types of endowments used as shock mitigation mechanisms.
Figure 14: Government expenditure in the non-health sector as a response to COVID-19 as a percentage of GDP (2020–2021).
Figure 15: Box and whisker diagram of fiscal support to the non-health sector as a percentage of GDP (2020–2021).