New User Special Price Expires in

Let's log you in.

Sign in with Facebook


Don't have a StudySoup account? Create one here!


Create a StudySoup account

Be part of our community, it's free to join!

Sign up with Facebook


Create your account
By creating an account you agree to StudySoup's terms and conditions and privacy policy

Already have a StudySoup account? Login here

Economics 2105

by: Shama Desai

Economics 2105 Econ 2105

Shama Desai


Preview These Notes for FREE

Get a free preview of these Notes, just enter your email below.

Unlock Preview
Unlock Preview

Preview these materials now for free

Why put in your email? Get access to more of this material and other relevant free materials for your school

View Preview

About this Document

Study Guide for Economic Growth
Principle of Macroeconomics
Grace Seunghae O,
Study Guide
50 ?




Popular in Principle of Macroeconomics

Popular in Macro Economics

This 2 page Study Guide was uploaded by Shama Desai on Thursday September 29, 2016. The Study Guide belongs to Econ 2105 at Georgia State University taught by Grace Seunghae O, in Fall 2016. Since its upload, it has received 11 views. For similar materials see Principle of Macroeconomics in Macro Economics at Georgia State University.

Similar to Econ 2105 at GSU

Popular in Macro Economics


Reviews for Economics 2105


Report this Material


What is Karma?


Karma is the currency of StudySoup.

You can buy or earn more Karma at anytime and redeem it for class notes, study guides, flashcards, and more!

Date Created: 09/29/16
Exam 3 Economic Growth Study Guide  Economic Growth: is a real per capita GDP in change of a percentage increases. o The amount of goods and service that are produce that increases over a period of time. o This economic growth which is a modern concept that started in 1900 o Global economy has started to grow faster than it used to be after 1950s. o Economic Growth to calculate and it’s called the rule of 70 Numbers of years for variable to double = 70/ Annual Growth rate of Variable  How do Resources and Technology contribute to Economic Growth? o Resources: these are used to produce all the goods and services. There are three parts of Resource: Technology, physical capital and human capital  Technology (T): is basically all the skills that are required for you to make better methods to produce goods. (Eg. Knowledge to design Samsung smartphone)  Physical Capital: All the equipment’s and part that are used in production in factories. ( Example: Computers, POSCO factory)  Human Capital (H): is a part of a quality of labor. (Example: Education)  Labor Productivity: is a production per worker.  Y/L = F(K/L, H/L, T) o Y/L: Labor Productivity o K/L: Per worker physical capital o H/L :per worker human capital o T: technology  Institution: is an organization in a society they are the official and unofficial state that shape the environment in which decisions are made. o Private Property right secure o Stable money and prices that make people make long time decision.


Buy Material

Are you sure you want to buy this material for

50 Karma

Buy Material

BOOM! Enjoy Your Free Notes!

We've added these Notes to your profile, click here to view them now.


You're already Subscribed!

Looks like you've already subscribed to StudySoup, you won't need to purchase another subscription to get this material. To access this material simply click 'View Full Document'

Why people love StudySoup

Bentley McCaw University of Florida

"I was shooting for a perfect 4.0 GPA this semester. Having StudySoup as a study aid was critical to helping me achieve my goal...and I nailed it!"

Jennifer McGill UCSF Med School

"Selling my MCAT study guides and notes has been a great source of side revenue while I'm in school. Some months I'm making over $500! Plus, it makes me happy knowing that I'm helping future med students with their MCAT."

Jim McGreen Ohio University

"Knowing I can count on the Elite Notetaker in my class allows me to focus on what the professor is saying instead of just scribbling notes the whole time and falling behind."

Parker Thompson 500 Startups

"It's a great way for students to improve their educational experience and it seemed like a product that everybody wants, so all the people participating are winning."

Become an Elite Notetaker and start selling your notes online!

Refund Policy


All subscriptions to StudySoup are paid in full at the time of subscribing. To change your credit card information or to cancel your subscription, go to "Edit Settings". All credit card information will be available there. If you should decide to cancel your subscription, it will continue to be valid until the next payment period, as all payments for the current period were made in advance. For special circumstances, please email


StudySoup has more than 1 million course-specific study resources to help students study smarter. If you’re having trouble finding what you’re looking for, our customer support team can help you find what you need! Feel free to contact them here:

Recurring Subscriptions: If you have canceled your recurring subscription on the day of renewal and have not downloaded any documents, you may request a refund by submitting an email to

Satisfaction Guarantee: If you’re not satisfied with your subscription, you can contact us for further help. Contact must be made within 3 business days of your subscription purchase and your refund request will be subject for review.

Please Note: Refunds can never be provided more than 30 days after the initial purchase date regardless of your activity on the site.