Economic Growth (2024 Level II CFA® Exam – Learning Module 2)

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Topic 3 – Economics
Readings 7 – Economic Growth and Investment Decision
0:00 Introduction and Learning Outcome Statements
4:49 LOS: Compare factors favoring and limiting economic growth in developed and developing countries.
6:55 LOS: Describe the relationship between the long-run rate of stock market appreciation and the sustainable growth rate of the economy.
13:05 LOS: Explain why potential GDP and its growth rate matter for equity and fixed income investors.
16:18 LOS: Distinguish between capital deepening investment and technological progress and explain how each affects economic growth and labor productivity.
21:16 LOS: Forecast potential GDP based on growth accounting relations.
23:58 LOS: Explain how natural resources affect economic growth and evaluate the argument that limited availability of natural resources constrains economic growth.
27:41 LOS: Explain how demographics, immigration, and labor force participation affect the rate and sustainability of economic growth.
28:46 LOS: Explain how investment in physical capital, human capital, and technological development affects economic growth.
29:23 LOS: Compare classical growth theory, neoclassical growth theory, and endogenous growth theory.
35:15 LOS: Explain and evaluate convergence hypotheses.
37:36 LOS: Describe the economic rationale for governments to provide incentives to private investment in technology and knowledge.
39:07 LOS: Describe the expected impact of removing trade barriers on capital investment and profits, employment and wages, and growth in the economies involved.