In this video, I discuss the determinants of economic growth in an economy. Rule of 72 4:15 Growth rate of real GDP per capita 7:25 Calculating a percent change 9:16 Productivity 10:18 Physical capital per worker 15:28 Human capital per worker 17:42 Natural resources 18:40 Technical knowledge 20:19 The production function 21:18 Law of diminishing marginal product 25:10 Constant returns to scale 26:17 Limits to growth 28:32 Economic growth and public policy 33:10 Saving and investment 33:35 Diminishing returns and the catch-up effect 36:05 Investment from abroad 40:05 Education 43:53 Health and nutrition 46:12 Property rights and political stability 47:00 Free trade 48:51 Research and development 50:19 Population growth 52:04 Growth accounting 54:07 Dr. Azevedo Department of Economics and Finance University of Central Missouri