- CFA Exams
- 2025 Level II
- Topic 2. Economics
- Learning Module 9. Economic Growth
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Learning Outcome Statements PDF Download
| 1. Factors Favoring and Limiting Economic Growth in Developed and Developing Economies describe the relation between the long-run rate of stock market appreciation and the sustainable growth rate of the economy; explain why potential GDP and its growth rate matter for equity and fixed income investors; | |
| 2. Why does Potential Growth Matter to Investors? contrast capital deepening investment and technological progress and explain how each affects economic growth and labor productivity; demonstrate forecasting potential GDP based on growth accounting relations; | |
| 3. Production Function and Growth Accounting explain how natural resources affect economic growth and evaluate the argument that limited availability of natural resources constrains economic growth; explain how demographics, immigration, and labor force participation affect the rate and sustainability of economic growth; explain how investment in physical capital, human capital, and technological development affects economic growth; | |
| 4. Other Inputs of the Production Function compare classical growth theory, neoclassical growth theory, and endogenous growth theory; explain and evaluate convergence hypotheses; describe the economic rationale for governments to provide incentives to private investment in technology and knowledge; | |
| 5. Theories of Growth describe the expected impact of removing trade barriers on capital investment and profits, employment and wages, and growth in the economies involved. | |
| 6. Growth in an Open Economy describe the classification, measurement, and disclosure under International Financial Reporting Standards (IFRS) for 1) investments in financial assets, 2) investments in associates, 3) joint ventures, 4) business combinations, and 5) special purpose and variable interest entities; distinguish between IFRS and US GAAP in their classification, measurement, and disclosure of investments in financial assets, investments in associates, joint ventures, business combinations, and special purpose and variable interest entities; analyze how different methods used to account for intercorporate investments affect financial statements and ratios. |
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