The first topic in Module 4 is long run economic growth: how the economies of the world have grown in the last 150 years. The next two topics are the financial system and business cycles. The financial system structure and the market for loanable funds are also covered. The business cycle is broken down into its key components and described within the context of the recent U.S. economy.
Calculate economic growth rates and know the major determinants of growth.
Describe how household savings is made available for firm investment using the financial system.