This latest edition has been updated with comprehensive new notes and activities, all presented in a clear and logical sequence. It is designed to assist students with understanding the economic concepts and models required to prepare for assessments. A range of summative review questions builds up the student s confidence for tackling the end of year examinations.

Contents

AS 91224: Analyse economic growth using economic concepts and models (2.3)

1 Overview economic growth

2 The AD/AS model economic growth

3 The production possibility frontier

4 Measures of economic growth

5 The circular flow model

6 Causes of economic growth

7 The impacts of economic growth

8 Review (Exam) questions