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Ch 54: Economic Growth - MTEL Political Science/Political Philosophy

About This Chapter

This chapter's lessons can help you review old material or learn information you have never come across before in regards to economic growth. It can help you prepare for the MTEL Political Science/Political Philosophy exam.

MTEL Political Science/Political Philosophy: Economic Growth - Chapter Summary

The point of the lessons in this chapter is to get you ready for the economics-related questions that will show up on the exam. With this chapter, you can review:

  • How to raise a nation's potential output
  • Human capital and productivity
  • The definition of physical capital
  • Economic productivity
  • Factors that affect productivity

You can watch these lessons on a computer, smartphone or tablet, whenever you have a few minutes to spare. Take a quiz at the end of each lesson to see if you are retaining adequate information for the exam.

MTEL Political Science/Political Philosophy: Economic Growth Chapter Objectives

The MTEL Political Science/Political Philosophy exam is one of the requirements for licensure to teach the subject in Massachusetts. The material from this chapter can be found in the Geography and Economics portion of the exam. This portion makes up 10% of the entire test.

Multiple-choice questions will be on the exam, which cover different economics-related principles. In order to ensure you have these principles down, you can review the lessons and quizzes multiple times. If you are still not satisfied with your learning, reach out and get help from one of our instructors.

6 Lessons in Chapter 54: Economic Growth - MTEL Political Science/Political Philosophy
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.

Productivity: The Economy's Long-Run Growth Engine

2. 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

3. 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

4. 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

5. 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

6. 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

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