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Macro Foundations Part 2 of 2 · GDP as Diagnostic · Growth · Employment · Measurement

YouTubeMacro Economics with Michael.

Macro Foundations Part 2 of 2 · GDP as Diagnostic · Growth · Employment · Measurement

Part 2 of our 2-part English masterclass on macroeconomic foundations. GDP as the dashboard of the economy. The distinction between expansion, slowdown, and recession. The car-slowing analogy. GDP per capita as the welfare metric. Okun's law connecting output to jobs. The three methods for measuring GDP. And the reality that GDP is an estimate ...

6.5K views2 days ago

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