Chapter 25: Production and Growth

In this video, I discuss the determinants of economic growth in an economy.

Rule of 72 4:15
Growth rate of real GDP per capita 7:25
Calculating a percent change 9:16
Productivity 10:18
Physical capital per worker 15:28
Human capital per worker 17:42
Natural resources 18:40
Technical knowledge 20:19
The production function 21:18
Law of diminishing marginal product 25:10
Constant returns to scale 26:17
Limits to growth 28:32
Economic growth and public policy 33:10
Saving and investment 33:35
Diminishing returns and the catch-up effect 36:05
Investment from abroad 40:05
Education 43:53
Health and nutrition 46:12
Property rights and political stability 47:00
Free trade 48:51
Research and development 50:19
Population growth 52:04
Growth accounting 54:07

Dr. Azevedo
Department of Economics and Finance
University of Central Missouri

[jannatsufi]

This is my second video that I’m watching for my Econ class and the lecture, examples, even the table and the order he explains everything is exactly same as how my prof is teaching it. I wondering I should just watch YouTube instead of going to lectures

[padraigdevitt]

delighted you are posting new videos ! thank you sir

[tee]

Got an A in micro with you, planning to get an A in macro next)) Thank you for everything!

[Abd-tsvd]

All teachers should watch your lecture before they deliver it to the students ❣️. Thank you so muxh Sir...

[abdalla]

Idk what to say Sir, the way you explain is so simple to me, thank you for the hardwork.

[tunadincer]

Thanks for videos sir. You are the best

[affulkwekuisaac]

In my life, one of things that will happen to me to make me happy most is to meet this Lucturer like face to face. since i came across his economics videos my life has changed from worse to excellent, now i can say I'm one of best economics student at my department now 🎉🎉

[chan-ivqx]

thank you so much sir! you are really helping me pass my exam!

[aarontsoi]

Thank you professor! But I am confused with the meaning of "A". Is A represents the Productivity or Technology in the formula of Output (Y)?

[ougmass]

GDP is not the real measure of the economy, if we consider the economy as a study of satisfying both the consumption, and the happiness of people.

[YOURMOM-syck]

Thank you so much you save me from Econ class

[affulkwekuisaac]

May God bless you with more ages to continue to impact on our life 🙏💯

[linnetmbotto]

You have broaden my understanding of a lot of concepts. Thanks for this lengthy video.

[EainsiShunLae]

Thank you so much Sir, by the way I really want to know the next part of production and growth .

[yeva_western]

wow! new video) 
thank you!!! so much)

[shaikmahfuz]

its good and detail explanation but i will be glad if you make an video that explains the way to see any country economics by considering all the information of macro and micro eco