What you’ll learn to do: define economic growth

In this section, you will examine economic growth. You’ll see why so much growth happened rapidly following the industrial revolution and determine what factors lead to improvements in standards of living.

The specific things you’ll learn in this section include:

• Identify the sources of economic growth
• Explain productivity and relate productivity growth to improvements in the standard of living

LEARNING ACTIVITIES

The learning activities for this section include:

• Reading: Introduction to Economic Growth
• Reading: Economic Growth
• Reading: The Significance of Economic Growth
• Self Check: Defining Economic Growth
• Reading: Rule of Law and Economic Growth
• Reading: Components of Economic Growth
• Reading: Determinants of Economic Growth
• Self Check: Sources of Economic Growth
• Reading: Labor Productivity and Economic Growth
• Reading: The “New Economy” Controversy
• Self Check: Productivity

Take time to review and reflect on each of these activities in order to improve your performance on the assessment for this section.