Principles of Macroeconomics / Unit 4 MAC 0318 short lesson, about 20 seconds
A Climate for Growth
Captions available
The idea
Growth needs a setting that rewards investment in capital, skills and technology: stable rules, openness to trade, and a government role where markets fall short.
In practice
Schooling, infrastructure, support for research and patent protection are the usual instruments.
Where people slip
Which instruments work, and how far tax policy belongs among them, is contested, and this course reports the dispute rather than settling it.
Your place on the trail
Every lesson rests on earlier ones and opens later ones. Tap any to jump.
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