Bachelor of Arts in Economics (2nd upper)
A – Level Economics Content Series – Economic Growth (H1 / H2)
In this course, we will be going through the second macro goal - economic growth. We will be covering concepts such as the determinants of economic growth such as actual growth, potential growth, the benefits/costs of economic growth, the three sisters of economic growth namely sustained growth, inclusive growth, sustainable growth as well as policies to promote economic growth briefly.
0 Assignments
Lesson 1 – Definition and tabulation of economic growth and Actual Vs Potential Growth
In this lesson, I will define the meaning of economic growth. I will talk about the 2 types of ways to calculate economic growth. I will discuss the determinants of economic growth. I will illustrate the Actual Vs Potential growth using graphs.
Lesson 2 – PPC perspective of economic growth and Types of Economic growth.
In this lesson, I will discuss how PPC curve can be related to economic growth. Thereafter, I will introduce and contrast the different types of economic growth – Sustained, Inclusive and Sustainable.
Lesson 3 – Cost and Benefits of Growth and Policies to address Economic Growth
In this lesson, I will touch on the Cost and Benefits of Growth. I will explain the different tradeoffs between growths and other factors. I will then discuss on the policies to address economic growth – Actual and Potential Growth briefly.
Lesson 4 – Exam Question Walkthrough
In this lesson, we will be discussing on an exam question. You may download the article via this link : https://bitly.ws/3hbhp
Ask Ace your econs - Jeffrey Teo if you need help on this topic via