Economic Growth

N.B. Resources for economic growth, like the other primary macroeconomic objectives, are split into several parts. Part one introduces the objective and examines how it is measured. Part two examines the different causes of economic growth, and part three examines the impacts of changes in economic growth. Both part two and three use AS-AD analysis.

Part One

Part Two

Part Three

Presentation 1 – Measuring Economic Growth

Subtopics:

Output, GDP & Economic Growth

Limitations of GDP

Alternate Measures of National Income: GNI & GNP

Purchasing Power Parity (PPP)

Happiness Economics

Workbook 1

Presentation 2 – Causes of Economic Growth

Subtopics

Actual & Potential Economic Growth

Demand side Causes of Economic Growth

Supply side Causes of Economic Growth

Constraints on Economic Growth

Export-led Growth

Workbook 2

Presentation 3 – Impacts of Economic Growth

Subtopics

Positive Impacts

Negative Impacts

Workbook 3