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Growth theories

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Intro to classical growth theory and the subsistence level

Intro to classical growth theory and the subsistence level

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Intro to classical growth theory and the subsistence level

3:11

About this lesson

Classical Growth Theory
  • Temporary GDP Per Person Growth
  • Sudden Increase in Population
  • Run Out of Resources
  • Goes Back to Subsistence Level

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Video 1 of 4

Intro to classical growth theory and the subsistence level

3 min

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Neoclassical growth theory and the role of technological advance

5 min

New growth theory: profit-driven technological advancement

6 min

Five ways to achieve faster economic growth

4 min