IB Economics Revision economic growth
10
Curipod generated lesson: "IB Economics Revision economic growth ". #11-13
David Smith
Updated 5 months ago
1. Slide
60 seconds
Economic Growth
IB Economics Revision
2. Word cloud
120 seconds
What are some of the benefits to economic growth?
3. Slide
60 seconds
Economic growth reflects the increase in a country’s real GDP over a period of time. It can be caused by an increase in the quantity of resources, improvement of technology or a shift in the production possibilities frontier. Economic growth is beneficial as it indicates increased living standards.
Economic Growth-Base line definitions
4. Slide
60 seconds
Economic growth is the increase in the market value of goods and services produced by an economy over time. Factors that contribute to economic growth include technological advances, capital accumulation, and increases in labor specialization. Economic growth is important to maintain a healthy economy and to provide opportunities for citizens.
Economic Growth: An Overview
5. Open question
180 seconds
What are three main determinants of economic growth?
6. Drawings
450 seconds
Brain break: Draw a pig flying a kite with floating ice-cream cones in bubbly sky
7. Open question
180 seconds
Work together in pairs: What are the main components of GDP growth and how do they affect economic growth?
8. Open question
210 seconds
Explain the difference between a recession and a depression
9. Drawings
450 seconds
illustrate a business cycle model
10. Open question
210 seconds
Explain how expansionary fiscal policy might lead to Economic Growth
11. Open question
210 seconds
What is the difference between a Classical approach to economic growth and a Keynesian approach?
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