Friday, August 1, 2008

Economic Growth - Topics

The primary macroeconomic policy goals are economic growth, low unemployment, and low inflation. The main tools to achieve these goals are monetary policy and fiscal policy.

Economic growth occurs when a society produces more goods and services than in the previous time period. It is typically measured as the percentage change in gross domestic product (GDP) or a similar measure (such as real GDP or per capita GDP). The primary benefit of economic growth is that increases in output may allow more of society´s needs and wants for material possessions to be satisfied.

Click on the hyperlinks below to go to a portion of the blog devoted to that topic:

Economic Growth - Learning Objectives
The Measurement of Economic Growth
The Importance of Economic Growth – from an Historical Perspective
The Importance of Economic Growth – from a Geographical Perspective
The Importance of Economic Growth – from a Photographic Perspective
Material World: A Global Family Portrait
Hungry Planet: What the World Eats
GDP per capita
The Effect of Different Economic Growth Rates on the Standard of Living
Sources of Economic Growth
The Composition of GDP
Gross National Product (GNP)
Real Gross Domestic Product (Real GDP)
Limitations of Using GDP as a Measure of Quality of Life
Historical Economic Growth Data
Economic Growth - A Mind Map

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