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The students then critique this data in several exercises that incorporate aspects of a problem-based learning approach, envisaging growth not just in two dimensions, but in three dimensions.
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A few days earlier, the European Commission envisaged growth slowing to a virtual standstill, with euro-area GDP rising by 0.2% in the third quarter and just 0.1% in the fourth.The prospects for southern Europe are dispiriting going on depressing.
(The Economist Intelligence Unit, as reported in "The world in figures" section of this edition, envisages growth of a mere 1.5%.) That consensus figure is roughly the economy's long-run potential growth rate, meaning it would create just enough jobs to keep up with the growing population.
Their last plan envisaged annual growth of 7.5%.
Without financial intermediaries acting as brokers between lenders and business borrowers, it is difficult to envisage economic growth taking place on a sustained and rapid basis.
But, the official forecasts envisaging very rapid growth in 2011 and beyond are much too optimistic.
The lira has been among the worst performers of the currencies in our index over the past year; as a result, it has swung from 9% overvalued to 19% undervalued.Although new forecasts from the International Monetary Fund (IMF) this week envisage an increase in global growth from 3% in 2013 to 3.7% in 2014, the demand for commodities is likely to remain restrained.
But the official forecasts envisaging very rapid GDP growth in 2011 and beyond are much too optimistic.
Mr Rajoy's government does not envisage even timid growth until 2014.
The regime's five-year plan, 2011-15, optimistically envisages annual GDP growth of 5.5%To watch: Family discord.
Mr Dimon envisages strong organic growth as the economy recovers, helped by the opening of another 2,000 branches over five years.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com