3.1 Learning outcomes
- Understand the historical pattern of economic growth in various countries.
- Identify the “hockey stick pattern.
- Identify various measures (sources) of economic growth and equity. (Advanced)
- Measure the growth rate in an economy. Understand the concept of compound growth.
- Understand the definition of productivity, including its determinants.
- Understand the relationship between determinants and economic growth. Apply this knowledge to discussing the impact of economic policies.
