Copyright

Ch 10: Economic Growth and Productivity: Homeschool Curriculum

About This Chapter

The economic growth and productivity unit of this AP Macroeconomics Homeschool course is designed to help homeschooled students learn about the factors affecting productivity and growth in the economy. Parents can use the short videos to introduce topics, break up lessons and keep students engaged.

Who's it for?

This unit of our AP Macroeconomics Homeschool course will benefit any student who is trying to learn about growth and productivity in the economy. There is no faster or easier way to learn about economic growth and productivity. Among those who would benefit are:

  • Students who require an efficient, self-paced course of study to learn about economic policy, factors that impact productivity, types of capital and the impact of economic growth.
  • Homeschool parents looking to spend less time preparing lessons and more time teaching.
  • Homeschool parents who need a macroeconomics curriculum that appeals to multiple learning types (visual or auditory).
  • Gifted students and students with learning differences.

How it works:

  • Students watch a short, fun video lesson that covers a specific unit topic.
  • Students and parents can refer to the video transcripts to reinforce learning.
  • Short quizzes and an economic growth and productivity unit exam confirm understanding or identify any topics that require review.

Economic Growth and Productivity Unit Objectives:

  • Understand how a nation's potential output is increased.
  • Discover the impact of real GDP per capita on the standard of living.
  • Identify factors that affect productivity.
  • Examine the roles human capital and physical capital have in increasing productivity.
  • Explore how productivity impacts unemployment.
  • Understand the effects of research and development and technology on productivity.
  • Learn how government policies can impact economic growth and productivity.

7 Lessons in Chapter 10: Economic Growth and Productivity: Homeschool Curriculum
Test your knowledge with a 30-question chapter practice test
Economic Growth: How to Raise a Nation's Potential Output

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.

How Real GDP per Capita Affects the Standard of Living

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.

Productivity: The Economy's Long-Run Growth Engine

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.

Investment in Human Capital and Productivity

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.

Physical Capital: Definition and Effects on Productivity

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.

How Technology, Research & Development Affect Productivity

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.

Growth Policy and Economic Productivity

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.

Chapter Practice Exam
Test your knowledge of this chapter with a 30 question practice chapter exam.
Not Taken
Practice Final Exam
Test your knowledge of the entire course with a 50 question practice final exam.
Not Taken

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.

Support