Source: https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-4-3-economic-growth-and-productivity [Revision notes](https://senecalearning.com/en-gb/revision-notes.md) › [IB Diploma](https://senecalearning.com/en-gb/revision-notes/ib-diploma.md) › [Economics](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics.md) › [Economics: IB Diploma](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma.md) › Economic Growth & Productivity # Economic Growth & Productivity Economics: IB Diploma, topic 2.4.3 ## Economic Growth and Productivity To analyze the sources of economic growth, it is useful to think about a production function, which is the technical relationship by which economic inputs like labor and machinery are turned into outputs. ### The aggregate production function defined ![The aggregate production function defined](https://image-v2.cdn.app.senecalearning.com/2018-03/99144e1c-0196-4261-a075-e92d196c9783/shutterstock_74821960.jpg) - A microeconomic production function describes a firm's or perhaps an industry's inputs and outputs. - In macroeconomics, we call the connection from inputs to outputs for the entire economy an aggregate production function. ### Components of the aggregate production function ![Components of the aggregate production function](https://image-v2.cdn.app.senecalearning.com/2020-06/a7f6f670-6244-4098-9e1f-680c4c774e88/AP%20Econ%20diagrams%20(44).png) - An aggregate production function shows what goes into producing the output for an overall economy. - This aggregate production function has GDP per capita as its output, and shows three inputs which each influence the output. - The function shows that output per capita (i.e. productivity) is positively related to physical capital, human capital and improvements in technology. ### Measuring productivity ![Measuring productivity](https://image-v2.cdn.app.senecalearning.com/2018-08/d21600f8-32a7-48a5-9f30-3f5d16b01527/ALG-Estates-Pack-House.jpg) - An economy’s rate of productivity growth is closely linked to the growth rate of its GDP per capita, although the two are not identical. For example, if the percentage of the population who holds jobs in an economy increases, GDP per capita will increase but the productivity of individual workers may not be affected. - Over the long term, the only way that GDP per capita can grow continually is if the productivity of the average worker rises or if there are complementary increases in capital. ### Measuring productivity ![Measuring productivity](https://image-v2.cdn.app.senecalearning.com/2020-06/229245ff-1526-481a-807c-5c1627e9d8f1/AP%20Econ%20diagrams%20(43).png) - A common measure of U.S. productivity per worker is dollar value per hour the worker contributes to the employer’s output. - The chart above shows an index of output per hour, with 2009 as the base year (when the index equals 100). The index equaled about 106 in 2014. In 1972, the index equaled 50, which shows that workers have more than doubled their productivity since then. ## Test yourself on Economic Growth & Productivity - What is a common measure of U.S. productivity per worker? - Which three inputs are positively related to GDP per capita, according to the aggregate production function? [Practise this topic for free](https://app.senecalearning.com/classroom/course/7b55fd22-05a1-435c-9704-355732f0e415/section/d4d0fbbe-19f4-4e1c-9590-67c1d7160b44/session) - Previous topic: [2.4.2 Determinants of Productivity](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-4-2-determinants-of-productivity.md) - Next topic: [2.4.4 Absolute & Relative Poverty](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-4-4-absolute-and-relative-poverty.md) ## Economics: IB Diploma contents ### 1 Microeconomics - 1.1 Competitive Markets: Demand & Suply - [1.1.1 Markets & Demand](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-1-1-markets-and-demand.md) - [1.1.2 Diminishing Marginal Returns](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-1-2-diminishing-marginal-returns.md) - [1.1.3 Supply](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-1-3-supply.md) - [1.1.4 Market Equilibrium](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-1-4-market-equilibrium.md) - [1.1.5 Price Mechanism](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-1-5-price-mechanism.md) - [1.1.6 Consumer & Producer Surplus](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-1-6-consumer-and-producer-surplus.md) - [1.1.7 IB Multiple Choice - Demand](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-1-7-ib-multiple-choice-demand.md) - [1.1.8 IB Multiple Choice - Supply](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-1-8-ib-multiple-choice-supply.md) - 1.2 Elasticity - [1.2.1 Elasticities of Demand](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-2-1-elasticities-of-demand.md) - [1.2.2 Factors Affecting Price Elasticity of Demand](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-2-2-factors-affecting-price-elasticity-of-demand.md) - [1.2.3 Elasticity of Supply](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-2-3-elasticity-of-supply.md) - [1.2.4 Price Elasticity of Supply](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-2-4-price-elasticity-of-supply.md) - [1.2.5 IB Multiple Choice - Price Elasticity of Demand](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-2-5-ib-multiple-choice-price-elasticity-of-demand.md) - [1.2.6 IB Multiple Choice - Price Elasticity of Supply](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-2-6-ib-multiple-choice-price-elasticity-of-supply.md) - [1.2.7 IB Multiple Choice - Other Elasticities](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-2-7-ib-multiple-choice-other-elasticities.md) - 1.3 Government Intervention - [1.3.1 Indirect Taxes & Subsidies](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-3-1-indirect-taxes-and-subsidies.md) - [1.3.2 Application Question - Taxing Prices or Quantities](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-3-2-application-question-taxing-prices-or-quantities.md) - [1.3.3 Subsidies & Price Controls](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-3-3-subsidies-and-price-controls.md) - [1.3.4 Deadweight Loss & Government Intervention](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-3-4-deadweight-loss-and-government-intervention.md) - [1.3.5 Elasticity & Tax Incidence](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-3-5-elasticity-and-tax-incidence.md) - [1.3.6 IB Multiple Choice - Government Intervention](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-3-6-ib-multiple-choice-government-intervention.md) - 1.4 Market Failure - [1.4.1 Types of Market Failure](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-4-1-types-of-market-failure.md) - [1.4.2 Introduction to Externalities](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-4-2-introduction-to-externalities.md) - [1.4.3 Negative Externalities](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-4-3-negative-externalities.md) - [1.4.4 Policy for Negative Externalities](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-4-4-policy-for-negative-externalities.md) - [1.4.5 Positive Externalities](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-4-5-positive-externalities.md) - [1.4.6 The Deadweight Welfare Loss of Externalities](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-4-6-the-deadweight-welfare-loss-of-externalities.md) - [1.4.7 Case Study - The Externalities of Education](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-4-7-case-study-the-externalities-of-education.md) - [1.4.8 Public Goods & the Free-Rider Problem](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-4-8-public-goods-and-the-free-rider-problem.md) - [1.4.9 Asymmetric Information](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-4-9-asymmetric-information.md) - [1.4.10 End of Topic Test - Market Failure](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-4-10-end-of-topic-test-market-failure.md) - [1.4.11 Application Questions - Market Failure](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-4-11-application-questions-market-failure.md) - 1.5 HL: Theory of the Firm & Market Structures - [1.5.1 Theory of the Firm & Market Structures](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/1-5-1-theory-of-the-firm-and-market-structures.md) ### 2 Macroeconomics - 2.1 The Level of Overall Economic Activity - [2.1.1 The Circular Flow of Income](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-1-1-the-circular-flow-of-income.md) - [2.1.2 Defining GDP](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-1-2-defining-gdp.md) - [2.1.3 Limitations of GDP](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-1-3-limitations-of-gdp.md) - [2.1.4 IB Multiple Choice - Economic Indicators](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-1-4-ib-multiple-choice-economic-indicators.md) - [2.1.5 Business Cycles](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-1-5-business-cycles.md) - [2.1.6 Output Gaps](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-1-6-output-gaps.md) - 2.2 Aggregate Demand & Aggregate Supply - [2.2.1 The Aggregate Demand Curve](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-2-1-the-aggregate-demand-curve.md) - [2.2.2 Components of Aggregate Demand](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-2-2-components-of-aggregate-demand.md) - [2.2.3 Shape of the Aggregate Demand Curve](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-2-3-shape-of-the-aggregate-demand-curve.md) - [2.2.4 Shifts in Aggregate Demand](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-2-4-shifts-in-aggregate-demand.md) - [2.2.5 IB Multiple Choice - Aggregate Demand](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-2-5-ib-multiple-choice-aggregate-demand.md) - [2.2.6 Short & Long-Run Aggregate Supply](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-2-6-short-and-long-run-aggregate-supply.md) - [2.2.7 Alternative Models of LRAS](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-2-7-alternative-models-of-lras.md) - [2.2.8 Equilibrium in the AD-AS Model](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-2-8-equilibrium-in-the-ad-as-model.md) - [2.2.9 Output Gaps & the AD-AS Model](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-2-9-output-gaps-and-the-ad-as-model.md) - 2.3 Macroeconomic Objectives - [2.3.1 Introduction to Unemployment](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-3-1-introduction-to-unemployment.md) - [2.3.2 Limitations of Unemployment](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-3-2-limitations-of-unemployment.md) - [2.3.3 Types of Unemployment](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-3-3-types-of-unemployment.md) - [2.3.4 Causes & Impact of Unemployment](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-3-4-causes-and-impact-of-unemployment.md) - [2.3.5 Defining Inflation](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-3-5-defining-inflation.md) - [2.3.6 Measuring Inflation](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-3-6-measuring-inflation.md) - [2.3.7 Use of Index Numbers](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-3-7-use-of-index-numbers.md) - [2.3.8 The Consumer Price Index](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-3-8-the-consumer-price-index.md) - [2.3.9 Consequences of Inflation](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-3-9-consequences-of-inflation.md) - [2.3.10 Causes of Inflation](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-3-10-causes-of-inflation.md) - [2.3.11 Inflation & Unemployment Tradeoff](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-3-11-inflation-and-unemployment-tradeoff.md) - [2.3.12 The Short-Run Phillips Curve](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-3-12-the-short-run-phillips-curve.md) - [2.3.13 The Long-Run Phillips Curve](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-3-13-the-long-run-phillips-curve.md) - 2.4 Economic Growth, Poverty & Inequality - [2.4.1 Measuring Economic Growth](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-4-1-measuring-economic-growth.md) - [2.4.2 Determinants of Productivity](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-4-2-determinants-of-productivity.md) - [2.4.3 Economic Growth & Productivity](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-4-3-economic-growth-and-productivity.md) - [2.4.4 Absolute & Relative Poverty](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-4-4-absolute-and-relative-poverty.md) - [2.4.5 Inequality](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-4-5-inequality.md) - [2.4.6 Inequality 2](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-4-6-inequality-2.md) - [2.4.7 Lorenz Curve](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-4-7-lorenz-curve.md) - [2.4.8 Government Policy on Poverty](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-4-8-government-policy-on-poverty.md) - [2.4.9 End of Topic Test - Poverty & Inequality](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-4-9-end-of-topic-test-poverty-and-inequality.md) - [2.4.10 Application - Inequality & Poverty](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-4-10-application-inequality-and-poverty.md) - 2.5 Fiscal Policy - [2.5.1 Introduction to Fiscal Policy](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-5-1-introduction-to-fiscal-policy.md) - [2.5.2 Fiscal Policy and AD-AS Model](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-5-2-fiscal-policy-and-ad-as-model.md) - [2.5.3 Fiscal Policy Lags](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-5-3-fiscal-policy-lags.md) - [2.5.4 Automatic Stabilizers](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-5-4-automatic-stabilizers.md) - [2.5.5 IB Multiple Choice - Fiscal Policy](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-5-5-ib-multiple-choice-fiscal-policy.md) - 2.6 Monetary Policy - [2.6.1 Objectives of Monetary Policy](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-6-1-objectives-of-monetary-policy.md) - [2.6.2 Monetary Policy Implementation](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-6-2-monetary-policy-implementation.md) - [2.6.3 Monetary Policy & AD-AS Model](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-6-3-monetary-policy-and-ad-as-model.md) - [2.6.4 Monetary Policy Lags & Pitfalls](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-6-4-monetary-policy-lags-and-pitfalls.md) - 2.7 Supply-Side Policies - [2.7.1 Supply-Side Policies](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-7-1-supply-side-policies.md) - [2.7.2 Supply-Side Policies 2](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/2-7-2-supply-side-policies-2.md) ### 3 The Global Economy - 3.1 International Trade - [3.1.1 Globalisation](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-1-1-globalisation.md) - [3.1.2 Globalisation for LEDCs](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-1-2-globalisation-for-ledcs.md) - [3.1.3 Globalisation for MEDCs](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-1-3-globalisation-for-medcs.md) - [3.1.4 Comparative Advantage & Trade](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-1-4-comparative-advantage-and-trade.md) - [3.1.5 Protectionism](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-1-5-protectionism.md) - [3.1.6 Arguments for Protectionism](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-1-6-arguments-for-protectionism.md) - [3.1.7 Arguments Against Protectionism](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-1-7-arguments-against-protectionism.md) - [3.1.8 End of Topic Test - Globalisation & Trade](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-1-8-end-of-topic-test-globalisation-and-trade.md) - [3.1.9 Case Study - Globalisation & Trade](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-1-9-case-study-globalisation-and-trade.md) - 3.2 Exchange Rates - [3.2.1 Floating Exchange Rates](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-2-1-floating-exchange-rates.md) - [3.2.2 Fixed Exchange Rate](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-2-2-fixed-exchange-rate.md) - [3.2.3 Effect of a Stronger & Weaker Dollar](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-2-3-effect-of-a-stronger-and-weaker-dollar.md) - 3.3 The Balance of Payments - [3.3.1 Balance of Payments](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-3-1-balance-of-payments.md) - [3.3.2 Balance of Payments 2](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-3-2-balance-of-payments-2.md) - [3.3.3 FDI & Reducing a BoP Deficit](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-3-3-fdi-and-reducing-a-bop-deficit.md) - 3.4 Economic Integration - [3.4.1 Customs Unions & WTO](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-4-1-customs-unions-and-wto.md) - [3.4.2 Merged Currency](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-4-2-merged-currency.md) - 3.5 Terms of Trade - [3.5.1 Absolute & Comparative Advantage](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-5-1-absolute-and-comparative-advantage.md) - [3.5.2 Gains from Trade](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-5-2-gains-from-trade.md) - [3.5.3 Terms of Trade](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-5-3-terms-of-trade.md) - [3.5.4 IB Multiple Choice - Comparative Advantage & Trade](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-5-4-ib-multiple-choice-comparative-advantage-and-trade.md) - 3.6 Economic Development - [3.6.1 Factors Influencing Growth & Development](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-6-1-factors-influencing-growth-and-development.md) - [3.6.2 International Institutions](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-6-2-international-institutions.md) - [3.6.3 Measures of Development](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-6-3-measures-of-development.md) - [3.6.4 Barriers to Development](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-6-4-barriers-to-development.md) - [3.6.5 Case Study - The Bottom Billion](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-6-5-case-study-the-bottom-billion.md) - [3.6.6 End of Topic Test - Emerging & Developing](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-6-6-end-of-topic-test-emerging-and-developing.md) - 3.7 The Role of Domestic & International Factors - [3.7.1 Interventionist Strategies](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-7-1-interventionist-strategies.md) - [3.7.2 Development Strategies](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-7-2-development-strategies.md) - [3.7.3 Development Promotion Policies](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-7-3-development-promotion-policies.md) - [3.7.4 End of Topic Test - Growth & Global Development](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-7-4-end-of-topic-test-growth-and-global-development.md) - [3.7.5 Application Questions -Growth & Global Development](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-7-5-application-questions-growth-and-global-development.md) - 3.8 The Role of International Trade - [3.8.1 International Institutions](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-8-1-international-institutions.md) - [3.8.2 End of Topic Test - Globalisation & Trade](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-8-2-end-of-topic-test-globalisation-and-trade.md) - 3.9 The Role of Foreign Aid - [3.9.1 Aid](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-9-1-aid.md) - [3.9.2 Limitations of Aid](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-9-2-limitations-of-aid.md) - [3.9.3 Support for Aid](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-9-3-support-for-aid.md) - [3.9.4 Application Questions - Developing Countries](https://senecalearning.com/en-gb/revision-notes/ib-diploma/economics/economics-ib-diploma/3-9-4-application-questions-developing-countries.md)