About This Chapter
Who's it for?
Anyone who needs help learning or mastering college macroeconomics material will benefit from taking this course. There is no faster or easier way to learn college macroeconomics. Among those who would benefit are:
- Students who have fallen behind in understanding economic growth or working with real gross domestic product
- Students who struggle with learning disabilities or learning differences, including autism and ADHD
- Students who prefer multiple ways of learning economics (visual or auditory)
- Students who have missed class time and need to catch up
- Students who need an efficient way to learn about economic growth and productivity
- Students who struggle to understand their teachers
- Students who attend schools without extra economics learning resources
How it works:
- Find videos in our course that cover what you need to learn or review.
- Press play and watch the video lesson.
- Refer to the video transcripts to reinforce your learning.
- Test your understanding of each lesson with short quizzes.
- Verify you're ready by completing the Economic Growth and Productivity chapter exam.
Why it works:
- Study Efficiently: Skip what you know, review what you don't.
- Retain What You Learn: Engaging animations and real-life examples make topics easy to grasp.
- Be Ready on Test Day: Use the Economic Growth and Productivity chapter exam to be prepared.
- Get Extra Support: Ask our subject-matter experts any economic growth and productivity question. They're here to help!
- Study With Flexibility: Watch videos on any web-ready device.
Students will review:
This chapter helps students review the concepts in an Economic Growth and Productivity unit of a standard college-level principles of macroeconomics course. Topics covered include:
- Factors affecting productivity
- Investment in human capital and productivity
- Physical capital and its effects on productivity
- Growth policy and economic productivity
1. Economic Growth: How to Raise a Nation's Potential Output
Learn the truth about long run economic growth, including how economists define and illustrate an increase in the potential output of a nation through change in real GDP.
2. How Real GDP per Capita Affects the Standard of Living
Have you ever wondered why some countries are better off than others? In this lesson, explore the concept of real GDP per capita, an economic measure of a nation's standard of living, and discover how population, productivity, and the savings rate effect the standard of living.
3. Productivity: The Economy's Long-Run Growth Engine
Using real-world examples, you'll learn more about what productivity is and four things that determine it within a nation - physical capital, technology, human capital, and natural resources.
4. Investment in Human Capital and Productivity
This lesson explores the education, knowledge and skills of the labor force - what economists call human capital - including how it affects productivity and economic output.
5. Physical Capital: Definition and Effects on Productivity
This lesson explains what physical capital is and why it's important to an economy. Using real-world examples, you'll see how it relates to the process of producing goods and services, which is a major foundation of economic growth.
6. How Technology, Research & Development Affect Productivity
Economists consider productivity to be a nation's long-run growth engine. This lesson explores the connection between technology, research & development, and productivity, using real-world examples.
7. Growth Policy and Economic Productivity
What do savings accounts and promoting education have to do with helping the economy to grow? In this lesson, we will explore government policies that help promote higher long-run economic growth.
8. Law of Diminishing Returns: Definition & Examples
How does a farmer determine how much fertilizer to use? How many baristas are needed in a cafe? In this lesson, you will learn how the law of diminishing returns impacts expected output per unit of input.
9. Normative Economic Statement: Definition & Example
In this lesson we will explore the term 'normative economic statement'. We will compare and contrast normative and positive statements. We will then look at examples and provide a summary. The lesson will conclude with a quiz.
10. The Advance-Decline Line Chart: Definition & Uses
The overall state of the stock market can be seen with the advance-decline chart. This lesson will define the chart and describe real-world uses for analyzing the chart.
11. Total Revenue in Economics: Definition & Formula
Learn what total revenue is and why it is important to understand. Discover the formula to calculate total revenue and find out how you can maximize your total revenue in business.
12. What is Economic Recession? - Definition, Causes & Effects
A recession is a general downturn in any economy. A recession is associated with high unemployment, slowing gross domestic product, and high inflation.
13. Surplus in Economics: Definition & Overview
A surplus is often a good thing in economics. In this lesson, you'll learn what an economic surplus is and some related concepts. You'll also have a chance to reinforce your knowledge with a short quiz after the lesson.
14. Bond Convexity: Definition, Formula & Examples
In this lesson, you will learn about bond convexity. You'll learn the definition, formula and how to calculate convexity and the convexity adjustment, which is used to calculate the bond price changes.
15. Cost of Common Equity: Definition & Formula
To remain attractive to investors and shareholders, a company must be able to determine and deliver on their return expectations. In this lesson, we take a close look at how the expected return can be calculated and used.
16. Clawback Provision: Definition & Example
In this lesson, we'll discuss the clawback provision, which requires employees to return earnings under certain conditions. You may have heard about clawbacks since the financial crisis of 2008. They have become a popular form of making management and other employees more responsible for their actions.
Earning College Credit
Did you know… We have over 200 college courses that prepare you to earn credit by exam that is accepted by over 1,500 colleges and universities. You can test out of the first two years of college and save thousands off your degree. Anyone can earn credit-by-exam regardless of age or education level.
To learn more, visit our Earning Credit Page
Transferring credit to the school of your choice
Not sure what college you want to attend yet? Study.com has thousands of articles about every imaginable degree, area of study and career path that can help you find the school that's right for you.
Other chapters within the Introduction to Macroeconomics: Help and Review course
- The Production Possibilities Curve: Help & Review
- Comparative Advantage, Specialization and Exchange: Help and Review
- Demand, Supply and Market Equilibrium: Help and Review
- Measuring the Economy: Help and Review
- Inflation Measurement and Adjustment: Help and Review
- Understanding Unemployment: Help and Review
- Aggregate Demand and Supply: Help and Review
- Macroeconomic Equilibrium: Help and Review
- Inflation and Unemployment: Help and Review
- Money, Banking, and Financial Markets: Help and Review
- Central Bank and the Money Supply: Help and Review
- Fiscal and Monetary Policies: Help and Review
- Foreign Exchange and the Balance of Payments: Help and Review
- Inflows, Outflows, and Restrictions: Help and Review
- Government & the Economy: Help and Review
- The U.S. Economic System