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Productivity and Growth: Crash Course Economics #6
 
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Why are some countries rich? Why are some countries poor? In the end it comes down to Productivity. This week on Crash Course Econ, Adriene and Jacob investigate just why some economies are more productive than others, and what happens when an economy is mor productive. We'll look at how things like per capita GDP translate to the lifestyle of normal people. And, there's a mystery. Crash Course is on Patreon! You can support us directly by signing up at http://www.patreon.com/crashcourse Thanks to the following Patrons for their generous monthly contributions that help keep Crash Course free for everyone forever: Mark, Jan Schmid, Simun Niclasen, Robert Kunz, Daniel Baulig, Jason A Saslow, Eric Kitchen, Christian, Beatrice Jin, Anna-Ester Volozh, Eric Knight, Elliot Beter, Jeffrey Thompson, Ian Dundore, Stephen Lawless, Today I Found Out, James Craver, Jessica Wode, Sandra Aft, Jacob Ash, SR Foxley, Christy Huddleston, Steve Marshall, Chris Peters Want to find Crash Course elsewhere on the internet? Facebook - http://www.facebook.com/YouTubeCrashCourse Twitter - http://www.twitter.com/TheCrashCourse Tumblr - http://thecrashcourse.tumblr.com Support Crash Course on Patreon: http://patreon.com/crashcourse CC Kids: http://www.youtube.com/crashcoursekids
Views: 911385 CrashCourse
Understanding economic growth | AP Macroeconomics | Khan Academy
 
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In this video, learn about the definition of economic growth and how growth occurs. AP(R) Macroeconomics on Khan Academy: Macroeconomics is all about how an entire nationÕs performance is determined and improved over time. Learn how factors like unemployment, inflation, interest rates, economic growth and recession are caused and how they affect individuals and society as a whole. We hit the traditional topics from an AP Macroeconomics course, including basic economic concepts, economic indicators, and the business cycle, national income and price determination, the financial sector, the long-run consequences of stabilization policies, and international trade and finance. About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything https://www.youtube.com/subscription_center?add_user=khanacademy. View more lessons or practice this subject at http://www.khanacademy.org/economics-finance-domain/ap-macroeconomics/ap-long-run-consequences-of-stabilization-policies/economic-growth/v/understanding-economic-growth-ap-macroeconomics-khan-academy?utm_source=youtube&utm_medium=desc&utm_campaign=apmacroeconomics AP Macroeconomics on Khan Academy: Welcome to Economics! In this lesson we'll define Economic and introduce some of the fundamental tools and perspectives economists use to understand the world around us! Khan Academy is a nonprofit organization with the mission of providing a free, world-class education for anyone, anywhere. We offer quizzes, questions, instructional videos, and articles on a range of academic subjects, including math, biology, chemistry, physics, history, economics, finance, grammar, preschool learning, and more. We provide teachers with tools and data so they can help their students develop the skills, habits, and mindsets for success in school and beyond. Khan Academy has been translated into dozens of languages, and 15 million people around the globe learn on Khan Academy every month. As a 501(c)(3) nonprofit organization, we would love your help! Donate or volunteer today! Donate here: https://www.khanacademy.org/donate?utm_source=youtube&utm_medium=desc Volunteer here: https://www.khanacademy.org/contribute?utm_source=youtube&utm_medium=desc
Views: 18212 Khan Academy
What is Economic Growth?
 
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This A Level Economics video explains what economic growth is and makes a distinction between short run and long term factors that can affect the rate of real GDP growth in a country. MORE ABOUT TUTOR2U ECONOMICS: Visit tutor2u Economics for thousands of free study notes, videos, quizzes and more: https://www.tutor2u.net/economics A Level Economics Revision Flashcards: https://www.tutor2u.net/economics/store/selections/alevel-economics-revision-flashcards A Level Economics Example Top Grade Essays: https://www.tutor2u.net/economics/store/selections/exemplar-essays-for-a-level-economics
Views: 48543 tutor2u
Economic Growth explained (explainity® explainer video)
 
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The economy is expected to grow steadily. Politics, industry and trade wish for economic growth. But how can economic growth be measured and might the economy eventually fully grown sometime? Our third clip in cooperation with Deutsche Welle explains "Economic Growth". Script download: www.explainity.com/education-project/transskripte/ ------- This explainer video was produced by explainity GmbH Homepage: www.explainity.com E-Mail: [email protected] This explanatory film was produced and published for private, non-commercial use and may be used free of charge in this context for private purposes without consultation or written authorization. Please note, however, that neither the content nor the graphics of this explanatory film may be altered in any way. Please always give explainity as the source when using the film, and if you publish it on the internet, provide a reference to www.explainity.com. For commercial use or use for training purposes, such as projection of the film at training events (e.g. projection of the film as a teaching aid in school or in adult education), a licence is required. Further information on this subject will be found here: https://www.explainity.com/education-project If you are interested in an own explainity explainer video, visit our website www.explainity.com and contact us. We are looking forward to your inquiry.
Views: 118747 explainitychannel
Macro Unit 2.1- GDP and Economic Growth
 
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In this short video I explain GDP, the components of GDP, and what is not included in the Gross Domestic Product. Thanks for watching, please subscribe If you need more help, check out my Ultimate Review Packet http://www.acdcecon.com/#!review-packet/czji
Views: 409437 Jacob Clifford
Economic growth and economic development in Urdu/Hindi
 
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This tutorial is about the difference between economic growth and economic development in Urdu/Hindi. Both are explained separately. You will also learn which come first, economic growth or economic development. For more info log on to economicsguider.com/.
Views: 79217 Economics Guider
Economic Growth
 
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Views: 9146 GS MENTORS
Secrets of Economic Growth | Ricardo Hausmann
 
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http://www.weforum.org/ Economic Complexity is like a game of Scrabble, says Ricardo Hausmann. The more letters you have, the more words you can make; the more capabilities a country has, the more diverse products it can generate. In this video for the World Economic Forum Hausmann, from the Harvard Kennedy School of Government, uses metaphors and metrics to explain the gap between rich and poor countries. Click on the video for an in depth analysis, or read key quotes below On the growing gap between rich and poor “The secrets of economic growth is the question that Alan Smith started economics with: what's the origin of the wealth of nations and why are some countries rich and other countries poor? The only thing is that when he wrote “The Wealth of Nations”, the richest country in the world was probably the Netherlands, and was about four times richer than the poorest country of the world." “Today, the richest countries in the world are about 250 times richer than the poorest countries in the world. You might say well, what’s problem of the difference incomes between countries? It’s not only between countries. Within the same country - with the same exchange rates, same interest rates, same tax regimes et cetera - you have differences in productivity per worker of about a factor of 10. That's a truly puzzling result.” On growth and productivity “If you think about technology as the explanation for these humongous difference is in productivity, you have to ask yourself why technology doesn’t diffuse. The problem is that in order to implement technology there is a crucial ingredient that at some stage in the production you will need: “know-how”. You need the ability of the brain to do things, something that the brain must be trained to do it and that takes a long time. The diffusion of that is complicated.” “In order to get our minds around “know-how”, I'm going to make a stylised comparison between a traditional Inuit - and here is the Inuit engaged in food production, here in housing construction, and here engaged in transportation - to this guy sitting by a computer wearing glasses. Who has more know-how? Well, the guy uses glasses and doesn't have a clue as to how to make glasses. He has a headset and a computer and doesn't know how to make those things either.” “If I put this guy in the Arctic he will either freeze or starve to death, so there is no practical way that you can say that he has more know-how than the Inuit. But it is possible to say that the society to which this guy belongs knows how to do more things than the society that the Inuit belongs to - not because this society is a bunch of geniuses, but because in this society there are some people who know how to make glasses, know how to make headsets or know how to make other things.” “It's the diffusion of that know-how in society that underpins the capacity to know how to do more things and more complicated things. That doesn't mean the secret of progress is to have large companies. This is a very big chicken company. But it’s not a very complex company, as if you move workers around not much will happen to the production process. But you cannot do that in an orchestra. Here each worker is contributing a different bit of know-how to the whole. So, as you need the whole set of instruments to make the symphony, it's not what you know, it's the network of know-how to which you are connected.” On Scrabble and connecting capabilities So it's being connected to that network, all these other inputs, that allows someone to mobilise all that know-how and to generate productivity. I am going to redescribe this as the game of Scrabble. In Scrabble you have to make words. You are given letters, so think of words as products, words are services. Think of letters as bits of “Know-how.” In order to make something you have to string the bits of know-how together - the same way that you need the different instruments to make a symphony. "If you only have one kind of letter, you're mostly going to make one kind of word. But if I give you more letters, you get an increasing number of words diversification of what you do and longer words, more complex products. For example the most diverse country in the world is Germany, and there are very few other countries that are able to do the things that Germany is able to do. While the poorest countries in the world make few things and they make things that everybody knows how to make. They make shorter words. So the more letters you have, the more complex words."
Views: 52226 World Economic Forum
Economic growth through investment | Microeconomics | Khan Academy
 
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How investing for capital formation can expand the production possibilities frontier (PPF) Watch the next lesson: https://www.khanacademy.org/economics-finance-domain/microeconomics/choices-opp-cost-tutorial/gains-from-trade-tutorial/v/comparative-advantage-specialization-and-gains-from-trade?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Missed the previous lesson? https://www.khanacademy.org/economics-finance-domain/microeconomics/choices-opp-cost-tutorial/production-possibilities/v/allocative-efficiency-and-marginal-benefit?utm_source=YT&utm_medium=Desc&utm_campaign=microeconomics Microeconomics on Khan Academy: Topics covered in a traditional college level introductory microeconomics course About Khan Academy: Khan Academy offers practice exercises, instructional videos, and a personalized learning dashboard that empower learners to study at their own pace in and outside of the classroom. We tackle math, science, computer programming, history, art history, economics, and more. Our math missions guide learners from kindergarten to calculus using state-of-the-art, adaptive technology that identifies strengths and learning gaps. We've also partnered with institutions like NASA, The Museum of Modern Art, The California Academy of Sciences, and MIT to offer specialized content. For free. For everyone. Forever. #YouCanLearnAnything Subscribe to Khan Academy's Microeconomics channel: https://www.youtube.com/channel/UC_6zQ54DjQJdLodwsxAsdZg Subscribe to Khan Academy: https://www.youtube.com/subscription_center?add_user=khanacademy
Views: 216827 Khan Academy
The Formula For Economic Growth
 
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Economic growth increases when more people work more productively. However, economic growth has slowed in the last decade, as increases in productivity and hours worked have fallen to fractions of their previous rates. Returning to rapid economic growth will require policies that encourage individuals to rejoin the workforce and businesses to invest in physical capital. For more information, please visit the Policyed page here: https://www.policyed.org/intellections/formula-economic-growth/video Additional resources: John Taylor argues for policy reforms to promote economic growth in “Can We Restart The Recovery All Over Again?”: http://stanford.io/2tOVoQB or http://bit.ly/2terZD3 In “Slow economic growth as a phase in a policy performance cycle,” John Taylor discusses the reasons and policies behind our poor economic performance: http://stanford.io/2rSa0SI Read “A Recovery Waiting to Be Liberated” by John Taylor to learn about the policies that can speed up our economic growth here: http://on.wsj.com/2sBwHYA Watch John Taylor’s testimony before the Financial Services Committee concerning monetary policy here: http://bit.ly/2tOSiME In an interview with Bloomberg's Kathleen Hays, John Taylor discusses the global financial instability and roles the central banks play: https://bloom.bg/2ttYiLl Read “Getting Off Track: How Government Actions and Interventions Caused, Prolonged, and Worsened the Financial Crisis” by John B. Taylor to learn more about the 2007-2008 financial crisis here: http://hvr.co/2sUwfYf
Views: 223881 PolicyEd
What is ECONOMIC GROWTH? What does ECONOMIC GROWTH mean? ECONOMIC GROWTH meaning & explanation
 
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What is ECONOMIC GROWTH? What does ECONOMIC GROWTH mean? ECONOMIC GROWTH meaning - ECONOMIC GROWTH definition - ECONOMIC GROWTH explanation. Source: Wikipedia.org article, adapted under https://creativecommons.org/licenses/by-sa/3.0/ license. Economic growth is the increase in the inflation-adjusted market value of the goods and services produced by an economy over time. It is conventionally measured as the percent rate of increase in real gross domestic product, or real GDP, usually in per capita terms. Growth is usually calculated in real terms – i.e., inflation-adjusted terms – to eliminate the distorting effect of inflation on the price of goods produced. Measurement of economic growth uses national income accounting. Since economic growth is measured as the annual percent change of gross domestic product (GDP), it has all the advantages and drawbacks of that measure. The "rate of economic growth" refers to the geometric annual rate of growth in GDP between the first and the last year over a period of time. Implicitly, this growth rate is the trend in the average level of GDP over the period, which implicitly ignores the fluctuations in the GDP around this trend. An increase in economic growth caused by more efficient use of inputs (such as labor productivity, physical capital, energy or materials) is referred to as intensive growth. GDP growth caused only by increases in the amount of inputs available for use (increased population, new territory) is called extensive growth. The economic growth rate is calculated from data on GDP estimated by countries´statistical agencies. The rate of growth of GDP/capita is calculated from data on GDP and population for the initial and final periods included in the analysis. In national income accounting, per capita output can be calculated using the following factors: output per unit of labor input (labor productivity), hours worked (intensity), the percentage of the working age population actually working (participation rate) and the proportion of the working-age population to the total population (demography). "The rate of change of GDP/population is the sum of the rates of change of these four variables plus their cross products."
Views: 3900 The Audiopedia
The Mises View: "What is Economic Growth?" | Mark Thornton
 
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In this excerpt from a recent seminar lecture, Mark Thornton explains how our standards of living improve through real economic growth. Thornton is a Senior Fellow at the Mises Institute. For more information, visit the Mises Institute online at mises.org.
Views: 4144 misesmedia
Benefits and Costs of Economic Growth
 
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This topic video assesses some of the benefits and costs of real economic growth. For more help with your A Level / IB Economics, visit tutor2u Economics http://www.tutor2u.net/economics If you find this topic video helpful, please SUBSCRIBE to our YouTube Channel For more help with Economics: Follow tutor2u Economics on Twitter: https://twitter.com/tutor2uEcon https://twitter.com/tutor2uGeoff - - - - - - - - - MORE ABOUT TUTOR2U ECONOMICS: Visit tutor2u Economics for thousands of free study notes, videos, quizzes and more: https://www.tutor2u.net/economics A Level Economics Revision Flashcards: https://www.tutor2u.net/economics/store/selections/alevel-economics-revision-flashcards A Level Economics Example Top Grade Essays: https://www.tutor2u.net/economics/store/selections/exemplar-essays-for-a-level-economics
Views: 26100 tutor2u
Economic Development Unit:  Sources of Economic Growth
 
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Your IB Economics Course Companion! This is video 2 of 6 videos in “The Economic Development Series”. Watch the entire series right here: https://www.youtube.com/playlist?list=PLNI2Up0JUWkEhlr-c4dpa1xqQf-Sq2BXv The List! Here is the “The List” for “The Economic Development Series”: For an explanation of the logic of “The Lists” click here: https://youtu.be/dE0fbsgXlFE What is economic development? Sources of economic growth 1. Natural factors 2. Human capital factors 3. Physical capital and technological factors 4. Institutional factors Does economic growth lead to economic development? 1. Higher incomes 2. Improved economic indicators of welfare 3. Higher government revenues 4. Creation of inequality 5. Negative externalities and lack of sustainability Common characteristics of developing countries 1. Low standard of living, low incomes, inequality, poor health, and inadequate education 2. Low levels of productivity 3. High rates of population growth and dependency burdens (child and old age ratios) 4. High and rising levels of unemployment and underemployment 5. Substantial dependence on agricultural production and primary market exports 6. Prevalence of imperfect markets and limited information 7. Dominance, dependence, and vulnerability in international relations Diversity among developing nations 1. Resource endowment 2. Historical background 3. Geographic and demographic factors 4. Ethnic and religious breakdown 5. The structure of industry 6. Per capita income levels 7. Political structure International development goals 1. Goal 1: Eradicate extreme poverty and hunger 2. Goal 2: Achieve universal primary education 3. Goal 3: Promote gender equality and empower women 4. Goal 4: Reduce child mortality 5. Goal 5: Improve maternal health 6. Goal 6: Combat HIV/AIDS, malaria, and other diseases 7. Goal 7: Ensure environmental sustainability 8. Goal 8: Develop a Global Partnership for Development I hope you find these videos helpful to your study of Economics. Enjoy! Brad Cartwright . Follow on Twitter: IB Specific News and Analysis Daily! https://twitter.com/econ_ib . Follow on Instagram: https://www.instagram.com/econcoursecompanion/ Support Econ Course Companion: https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=CQS377QG4VM4G&source=url
Views: 10868 Econ Course Companion
25 Mark Essay Technique - Economic Growth in Developing Countries
 
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​Here is a video taking students through a suggested answer to this 25 mark essay question. “For developing countries in particular, economic growth must always be the most important macro policy objective.” With reference to examples, to what extent do you agree with this statement? - - - - - - - - - MORE ABOUT TUTOR2U ECONOMICS: Visit tutor2u Economics for thousands of free study notes, videos, quizzes and more: https://www.tutor2u.net/economics A Level Economics Revision Flashcards: https://www.tutor2u.net/economics/store/selections/alevel-economics-revision-flashcards A Level Economics Example Top Grade Essays: https://www.tutor2u.net/economics/store/selections/exemplar-essays-for-a-level-economics
Views: 7167 tutor2u
What Is The GDP And What Does Its 4.1 Percent Growth Mean? | Velshi & Ruhle | MSNBC
 
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Watch Ali Velshi explain what the GDP is and why President Trump is so excited about it. Kevin Hassett, the Chairman of the Council of Economic Advisers and Jared Bernstein, former chief economist to Vice President Joe Biden join the conversation to discuss trade, wages, interest rates and the growth of the GDP. » Subscribe to MSNBC: http://on.msnbc.com/SubscribeTomsnbc About: MSNBC is the premier destination for in-depth analysis of daily headlines, insightful political commentary and informed perspectives. Reaching more than 95 million households worldwide, MSNBC offers a full schedule of live news coverage, political opinions and award-winning documentary programming -- 24 hours a day, 7 days a week. Connect with MSNBC Online Visit msnbc.com: http://on.msnbc.com/Readmsnbc Subscribe to MSNBC Newsletter: MSNBC.com/NewslettersYouTube Find MSNBC on Facebook: http://on.msnbc.com/Likemsnbc Follow MSNBC on Twitter: http://on.msnbc.com/Followmsnbc Follow MSNBC on Instagram: http://on.msnbc.com/Instamsnbc What Is The GDP And What Does Its 4.1 Percent Growth Mean? | Velshi & Ruhle | MSNBC
Views: 115323 MSNBC
Defining GDP - Measuring GDP and Economic Growth (1/3) | Principles of Macroeconomics
 
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In this video we take a look at what GDP is, how to calculate it, and some pros and cons of the economic measure. Some subtopics covered in this series: - the definition of GDP - the circular flow of expenditure - differentiating net and gross - the expenditure approach to calculating GDP - the income approach to calculating GDP - differentiating between nominal and real GDP - calculating real GDP using the base-year method and the chained-dollar method - evaluating real GDP
Views: 10884 Inspirare
Why is India growing so fast? | CNBC Explains
 
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India is poised to be the world's fastest-growing major economy this year. CNBC's Xin En Lee explains what the world's second most populous economy has going for it. ----- Subscribe to us on YouTube: http://cnb.cx/2wuoARM Subscribe to CNBC Life on YouTube: http://cnb.cx/2wAkfMv Like our Facebook page: https://www.facebook.com/cnbcinternational Follow us on Instagram: https://www.instagram.com/cnbcinternational/ Follow us on Twitter: https://twitter.com/CNBCi
Views: 1427061 CNBC International
meaning of economic growth in hindi with features
 
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This video is on economics subject of 11th std of 1st chapter economic growth and and economic development i explained following points in this video 1 continuous process 2 increase in per capita real income 3 long term process 4 quantitative concept 5 no structural change 6 no solution to problem
Views: 9321 commerce educators
ECONOMIC GROWTH AND ECONOMIC DEVELOPMENT|INDIAN ECONOMY|Chapter-4
 
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IS VIDEO M MAINE INDIA HONE WAALI KI ECONOMIC GROWTH AUR ECONOMIC DEVELOPMENT ME ANTAR KO SAMJHAYA HAI FOLLOW ME ON FACEBOOK :- https://www.facebook.com/alok1182 LIKE MY FACEBOOK PAGE :- https://www.facebook.com/TARGETwithAlok/ FOLLOW ME ON TWITTER :- https://twitter.com/targetwithalok FOLLOW ME ON GOOGLE+ :- https://plus.google.com/101830681512077634274 -~-~~-~~~-~~-~- Please watch: "No one can defeat you unless you defeat yourself | Motivational video" https://www.youtube.com/watch?v=UrziZuEhg6c -~-~~-~~~-~~-~-
Views: 212421 TARGET with alok
Intro to the Solow Model of Economic Growth
 
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Here's a quick growth conundrum, to get you thinking. Consider two countries at the close of World War II—Germany and Japan. At that point, they've both suffered heavy population losses. Both countries have had their infrastructure devastated. So logically, the losing countries should’ve been in a post-war economic quagmire. So why wasn't that the case at all? Following WWII, Germany and Japan were growing twice, sometimes three times, the rate of the winning countries, such as the United States. Similarly, think of this quandary: in past videos, we explained to you that one of the keys to economic growth is a country's institutions. With that in mind, think of China's growth rate. China’s been growing at a breakneck pace—reported at 7 to 10% per year. On the other hand, countries like the United States, Canada, and France have been growing at about 2% per year. Aside from their advantages in physical and human capital, there's no question that the institutions in these countries are better than those in China. So, just as we said about Germany and Japan—why the growth? To answer that, we turn to today's video on the Solow model of economic growth. The Solow model was named after Robert Solow, the 1987 winner of the Nobel Prize in Economics. Among other things, the Solow model helps us understand the nuances and dynamics of growth. The model also lets us distinguish between two types of growth: catching up growth and cutting edge growth. As you'll soon see, a country can grow much faster when it's catching up, as opposed to when it's already growing at the cutting edge. That said, this video will allow you to see a simplified version of the model. It'll describe growth as a function of a few specific variables: labor, education, physical capital, and ideas. So watch this new installment, get your feet wet with the Solow model, and next time, we'll drill down into one of its variables: physical capital. Helpful links: Puzzle of Growth: http://bit.ly/1T5yq18 Importance of Institutions: http://bit.ly/25kbzne Rise and Fall of the Chinese Economy: http://bit.ly/1SfRpDL Subscribe for new videos every Tuesday! http://bit.ly/1Rib5V8 Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/1RxdLDT Next video: http://bit.ly/1RxdSzo Help us caption & translate this video! http://amara.org/v/IHQj/
Why growth and the environment can't coexist
 
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Featuring: Sam Bliss Production: Daniel Penner Animation + Illustration: Amelia Bates Music: "Nincompoop (No Vocals)" by Josh Woodward (http://www.joshwoodward.com/) "Favorite Secrets" by Waylon Thornton (http://waylonthornton.tumblr.com) Footage: Prelinger Archives
Views: 19863 Grist
Why does economic growth matter?
 
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Economic growth is a key driver of improvements in our wealth and our health. But how do we measure economic growth, and what is left out? For more details see our KnowledgeBank guide:
Views: 4558 Bank of England
Costs and Benefits of Economic Growth
 
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Costs and Benefits of Economics Growth - A look at the costs and benefits of economic growth, great for an evaluation based question
Views: 42125 EconplusDal
Economic Growth and Economic Development in Hindi आर्थिक संवृद्धि और आर्थिक विकास में क्या अंतर है।
 
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Economic Growth refers to the rise in the value of everything produced in the economy. Conversely, Economic Development is defined as the increase in the economic wealth of a country or a particular area, for the welfare of its residents. People often get confused between these two terms easily, but there is a difference. Here, you should know that economic growth is an essential but not the only condition for economic development. In this video, you will find all the substantial differences between economic growth and economic development. Economic Development_ https://youtu.be/3sUoibkKBTQ
Views: 55491 Know Economics
Dissecting Data: What's behind the country's slower economic growth?
 
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The Philippine economy grew slower in the second quarter of 2018 at 6.0 percent, its slowest since 2015. But economic managers said the country is still among the fastest growing economies in Asia. Subscribe to the ABS-CBN News channel! - http://bit.ly/TheABSCBNNews Visit our website at http://news.abs-cbn.com Facebook: https://www.facebook.com/abscbnNEWS Twitter: https://twitter.com/abscbnnews
Views: 5533 ABS-CBN News
The Foundations of IB Economics Unit:  Economic Growth vs. Development
 
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Your IB Economics Course Companion! This is video 10 of 14 videos in "The Foundations of IB Economics Series". Watch the entire series right here: https://www.youtube.com/playlist?list=PLNI2Up0JUWkEIqIpDdEo2_gupbWWHpYwT The purpose of this series is to provide students with a quick explanation of the foundational concepts of IB Economics. As a teacher of IB Economics in Santiago, Chile, these videos were created to help students navigate their way through their two-year course of study. I have made these videos public in the hope that they might be helpful to other Economics students around the world. Check out all of the Microeconomic playlists… Foundations of IB Economics Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkEIqIpDdEo2_gupbWWHpYwT Demand, Supply, and Market Equilibrium Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkFukl4NeEdAPsnHHpFAp1tw Elasticities Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGBGH8sv12oqc2MSHxMZ67k Government Intervention Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkE0MIA7yX313XgzwLNg_3O9 Market Failure Series: https://www.youtube.com/playlist?list=PLNI2Up0JUWkG4yOY4nSifBXqLi-M3md1U All Microeconomic Videos: https://www.youtube.com/playlist?list=PLNI2Up0JUWkGENVY_u6FAJVSrqVV35E5G Enjoy! Brad . Follow on Twitter: IB Specific News and Analysis Daily! https://twitter.com/econ_ib . Follow on Instagram: https://www.instagram.com/econcoursecompanion/ Support Econ Course Companion: https://www.paypal.com/cgi-bin/webscr?cmd=_s-xclick&hosted_button_id=CQS377QG4VM4G&source=url
Views: 26716 Econ Course Companion
Economic Growth and LRAS- Macro 3.14
 
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In this video I show how LRAS can shift causing economic growth. Keep in mind that a changing in consumption or government spending doesn't lead to more output in the long run if there is not an increase in capital. To permanently produce more output we need more investment in capital, tools, and machinery. Microeconomics Videos https://www.youtube.com/watch?v=swnoF... Macroeconomics Videos https://www.youtube.com/watch?v=XnFv3... Watch Econmovies https://www.youtube.com/playlist?list... Follow me on Twitter https://twitter.com/acdcleadership
Views: 135672 Jacob Clifford
Economic Growth and Development - A Comparison
 
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In this module the learner will understand the terms economic growth, economic development and understand the underlying differences between them. This is a product of Mexus Education Pvt. Ltd., an education innovations company based in Mumbai, India. http://www.mexuseducation.com, http://www.ikenstore.in
Views: 73019 Iken Edu
What is Trend GDP Growth?
 
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Trend growth is the estimated rate of growth of a nation’s productive potential. This short revision video looks at data for the UK and finds that productivity growth is the main driver of potential output over the long run.
Views: 2594 tutor2u
Explaining Modern Economic Growth – Deirdre McCloskey
 
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Serious Science - http://serious-science.org Economist Deirdre McCloskey on economic development, Adam Smith, and the importance of liberalism http://serious-science.org/explaining-modern-economic-growth-5979
Views: 5201 Serious Science
Geography and Economic Growth
 
02:48
If you look at the African continent, perhaps the first word to come to mind is "enormous." And that's true. You could fit most of the United States, China, India, and a lot of Europe, into Africa. But if you compare Africa to Europe, Europe has two to three times the length of coastline that Africa has. But what does coastline length have to do with anything? Well, coasts mean access to water. As benign as water might seem, it’s a major driver of economic growth. Adam Smith, the father of modern economics, argued that access to water reduced the cost of trade, and gave merchants access to larger markets. These larger markets incentivized specialization and innovation. These twin processes ultimately spurred trade activity, and consequently, economic growth. As an end result, civilization tended to grow wherever trade was easiest. If you want proof of this, think of a few major cities. Look at Istanbul, New York, Venice, Hong Kong, London, and similar areas. What do they all have in common? They all sit near a major coast or a major river. In contrast, look at some of the poorest areas in the world—places like Kampala, or Pointe-Noire. These places are all landlocked. Since goods are easier to transport over water than over land, trade in landlocked areas is more expensive. And what happens when trade is more expensive? It becomes harder to spark economic growth. What this all means is economic growth is not only affected by a country’s rules and institutions, but by a country’s natural blessings, or natural hindrances, too. The effects of geography on growth cannot be discounted. Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/1QEP6wS Next video: http://bit.ly/1Q0UHtM Help us caption & translate this video! http://amara.org/v/HpAt/
The Power Of Education: Boosting Economic Growth In The Long Run
 
01:25
Widespread proficiency in math and reading creates a strong foundation for more advanced knowledge and productive work. Unfortunately, U.S. proficiency in math and reading hasn’t kept up with the rest of the world. If American students become more proficient in math and reading, long-run economic growth will follow. For more information, visit the PolicyEd.org page here: https://www.policyed.org/intellections/power-education-boosting-economic-growth-long-run/video Additional resources: Read the book this video is based on: “Endangering Prosperity: A Global View of the American School” by Eric Hanushek, Paul Peterson, and Ludger Woessmann, available here: http://amzn.to/2wCIoSu “Higher Grades, Higher GDP” by Eric Hanushek and Paul Peterson, available here: http://hvr.co/2w3ERJd “It Pays to Improve School Quality” by Eric Hanushek, Jens Ruhose, and Ludger Woessmann, available here: http://bit.ly/1MGViTI Listen to Eric Hanushek on EconTalk with Russ Roberts, available here: http://bit.ly/2wCvmnT
Views: 416251 PolicyEd
Growth Miracles and Growth Disasters
 
04:26
In previous videos, you learned two things. First, that there can be large disparities in economic wealth among different countries. And second, you learned that one key factor drives that disparity: growth rate. As we said, it changes everything. But just how transformative is a country's growth rate? Take Argentina, for example. In 1950, the Argentine standard of living was similar to that of many Western European countries. Up until 1965, Argentina's per capita income was ahead of many of its neighbors. On the other hand, Japan in 1950 was on the other end of the spectrum. Japan had been ravaged by war and was only just beginning to find its economic footing again. At that time, Japan's standard of living was roughly the same as that of Mexico. It was quite poor, compared to the Argentina of the same era. But look at what's happened in the past 65 years. Japan today is one of the world's most prosperous countries. Since 1950, it has managed to double its living standards about every eight years. Argentina, on the other hand, has stagnated. Once, Argentina had double the standard of living of Japan. But Japan now doubles them today, with a standard of living 10 times higher than the one it had in 1950. In economic terms, Japan is what we would call a growth miracle. It's in the same class as other growth success stories, like South Korea and China which have experienced the “hockey stick” of prosperity. (India seems like it may have started on this path as well.) These countries are proof of one thing: with the right factors, a poor country can not only grow, but it can do so quickly. It can catch up with developed countries at an astonishing rate. What took the United States two centuries of steady growth can now be achieved by other countries in about one-fifth the time. Catch-up can happen in 40 years—about the span of a generation or two. That's the good news. The bad news is, while growth can skyrocket in some countries, growth isn’t guaranteed at all. Argentina is an example of this. It grew well for a time, and then it stalled. Even worse than Argentina, are countries like Niger, and Chad, which are the very worst of growth disasters. Not only are these countries in extreme poverty, but they also have little to no growth. More than that, these countries have never experienced substantial growth in the past. But why does that all matter? It matters because growth isn't just about numbers. It's not just about more goods and services. When a country grows, its citizens often end up with longer, healthier, and happier lives. Conversely, the countries that are growth disasters have citizens in poverty, with shorter and less happier lives. As bleak as this seems, it’s the plain truth: while growth miracles are possible, growth disasters are, too. Which leaves us with another question: what causes either state? What leads to growth, prosperity, health, and happiness? And then, what leads to the opposite situation? We're excited to share the answer, but that's a topic for future videos. For now, check out this video to get up to speed on growth miracles and growth disasters. Macroeconomics Course: http://bit.ly/1R1PL5x Ask a question about the video: http://bit.ly/21rp5CK Next video: http://bit.ly/1LGgSkZ Help us caption & translate this video! http://amara.org/v/HkQU/
Education and Economic Growth
 
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Development Economics course: http://mruniversity.com/courses/development-economics-0 Ask a question about the video: http://mruniversity.com/courses/development-economics/education-and-economic-growth#QandA Next video: http://mruniversity.com/courses/development-economics/education-east-asia
How Potential GDP Grows - Economic Growth (2/4) | Principles of Macroeconomics
 
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The focus of this video is to explain how potential GDP grows. The topics covered in the Economic Growth series: - calculating growth rates - economic growth vs. business cycle expansions - the rule of 70 - how potential GDP grows - the aggregate production function - the aggregate labour market - growth of the supply of labour - effects of a growth in labour productivity - why labour productivity grows - classical growth theory - neoclassical growth theory - new growth theory - policies for achieving faster growth economic growth macroeconomics | economic growth model | economic growth 2016 | economic growth and the investment decision | economic growth ac dc | economic growth rate | economic growth graph | economic growth through investment
Views: 5919 Inspirare
Y1/IB 5) Causes of Economic Growth (Short Run and Long Run) with Evaluation
 
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Causes of Economic Growth (Short Run and Long Run) with Evaluation - The causes of economic growth in both the short and long run with strong evaluative points to use in the exam Twitter: https://twitter.com/econplusdal Facebook: https://www.facebook.com/EconplusDal-1651992015061685/?ref=aymt_homepage_panel
Views: 95702 EconplusDal
Y1/IB 4) Measures of Economic Growth - GDP, GDP/Capita, GNI, Green GDP
 
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Measures of Economic Growth - GDP, GDP/Capita, GNI, Green GDP. A video covering Measures of Economic Growth - GDP, GDP/Capita, GNI, Green GDP Twitter: https://twitter.com/econplusdal Facebook: https://www.facebook.com/EconplusDal-1651992015061685/?ref=aymt_homepage_panel
Views: 54866 EconplusDal
What the strong economic growth means for average Americans
 
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A banner economic report on Friday showed the strongest quarterly growth in the U.S. since 2014. The U.S. gross domestic product grew by 4.1 percent in the second quarter this year, according to the Commerce Department's initial estimate. Amna Nawaz gets analysis from David Wessel of the Brookings Institute. Find more from PBS NewsHour at https://www.pbs.org/newshour Subscribe to our YouTube channel: https://bit.ly/2HfsCD6 Follow us: Facebook: http://www.pbs.org/newshour Twitter: http://www.twitter.com/newshour Instagram: http://www.instagram.com/newshour Snapchat: @pbsnews Subscribe: PBS NewsHour podcasts: https://www.pbs.org/newshour/podcasts Newsletters: https://www.pbs.org/newshour/subscribe
Views: 6808 PBS NewsHour
Economic Growth in the Short-run and Long-run
 
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In this lesson we'll have a close look at two different types of economic growth: short-run "actual" growth and long-run "potential" growth. We'll illustrate the two types of growth in both a PPC and an AD/AS model and discuss the sources of economic growth. Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870
Views: 12616 Jason Welker
Growth Matters | Episode 5: HOW ECONOMIC GROWTH IMPROVES LIVING STANDARDS
 
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GROWTH MATTERS - A CAYMAN ISLANDS CHAMBER OF COMMERCE PUBLIC EDUCATION INITIATIVE What is the Growth Matters Initiative? A campaign led by the Chamber of Commerce to explain how our economy works and why growth is so important for our community. Simply put, a thriving economy doesn’t just benefit business owners, it benefits everyone! Economic growth provides jobs and business opportunities for Caymanians, as well as government revenue for vital services like education and healthcare. Our goal isn’t to make everyone rich. Our goal is a society in which everyone is safe, healthy and happy. That’s what enhancing our economic growth is really all about. Let’s make it happen together! FOR MORE INFO VISIT: www.growthmatters.ky
Measuring the Macroeconomic Objectives: Economic Growth, Unemployment and Inflation
 
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Macroeconomics provides government policymakers with a set of tools that can be employed to help achieve certain macroeconomic objectives deemed desirable for a nation. For an economy to be considered healthy, three objectives must be met: -Economic growth: defined as an increase in the nation's output of goods and services over time -Low unemployment: meaning that nearly everyone who is willing and able to work should be able to find a job, and -Low inflation: meaning that the average price level of the nation's goods and services should not increase too rapidly over time. Measuring these three objectives requires the use of some simple mathematical formulas. Once they are known, we can use the basic production possibilities curve diagram to illustrate their effect on a nation's potential output and its current equilibrium level of output. This lesson will define the three macroeconomic objectives, show how it can be determined whether or not they are being achieved, and use a PPC model to illustrate them. Want to learn more about economics, or just be ready for an upcoming quiz, test or end of year exam? Jason Welker is available for tutoring, IB internal assessment and extended essay support, and other services to support economics students and teachers. Learn more here! http://econclassroom.com/?page_id=5870
Views: 66608 Jason Welker
Growth Today: What the Economic Growth Council means to Jamaicans
 
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OCTOBER 15, 2016: This week host Jovan Johnson takes to the streets to ask Jamaicans what the Economic Growth Council means to them.
Views: 1211 Jamaica Gleaner
China's Race to the Top: A History of Economic Growth
 
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Full episode and more: https://www.amazon.com/China-The-New-Silk-Road/dp/B07C33K25L/ref=sr_1_3?s=movies-tv&ie=UTF8&qid=1523980046&sr=1-3&keywords=great+decisions+in+foreign+policy http://tiny.cc/itunesgd http://tiny.cc/googleplaygd https://vimeo.com/ondemand/gdtv18 An excerpt from Great Decisions 2018 "China: The New Silk Road." This excerpt features Nicholas Kristof, Walter Russell Mead, Pat Buchanan, John Frisbie, Brian Eyler, Alexis Crow, and Max Baucus. Narrated by Academy Award nominated actor David Strathairn and featuring the most important voices in international affairs, Great Decisions in Foreign Policy brings you eight half-hour documentaries, each tackling a different foreign policy challenge facing America today.
Economic Growth and Inflation
 
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See more videos at: http://talkboard.com.au/ In this video, we look at the relationship between economic growth and inflation in both the short and long terms.
Views: 4653 talkboard.com.au
Growth Matters | Episode 1: What's the Economy
 
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GROWTH MATTERS - A CAYMAN ISLANDS CHAMBER OF COMMERCE PUBLIC EDUCATION INITIATIVE What is the Growth Matters Initiative? A campaign led by the Chamber of Commerce to explain how our economy works and why growth is so important for our community. ​ Simply put, a thriving economy doesn’t just benefit business owners, it benefits everyone! Economic growth provides jobs and business opportunities for Caymanians, as well as government revenue for vital services like education and healthcare. ​ Our goal isn’t to make everyone rich. Our goal is a society in which everyone is safe, healthy and happy. That’s what enhancing our economic growth is really all about. Let’s make it happen together!
Economic Freedom and Growth
 
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Economics professor Josh Hall describes how greater economic freedom leads to higher incomes and more economic development over time. When governments allow citizens the freedom to trade, own property, create businesses, and contract with others, the income of average citizens grows over time. This effect can be observed internationally when comparing countries, as well as domestically when comparing states in the US. Further Resources: The complete Economic Freedom of the World Report is available online: http://www.freetheworld.com/reports.html The complete Economic Freedom of North America Report is also available online: http://www.freetheworld.com/efna.html Another talk by Prof. Hall, Economic Freedom and a Better Life, is available here: http://www.youtube.com/watch?v=dH5VDZY2H28 Watch more videos: http://lrnlbty.co/y5tTcY
Views: 20847 Learn Liberty
What’s driving growth in Vietnam?
 
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Lawrence Brader, Co-Portfolio Manager of PXP Vietnam Asset Management discusses factors driving growth in Vietnam including the growing manufacturing base and a rising middle class. Mr. Bader also reviews the potential for Vietnam to achieve a move to MSCI Emerging Market Index and the positive implications of such a move.
Views: 9320 ContextTV

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