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Week 4: Measuring Aggregates: GDP and Unemployment
Week 4 Sunday 2.15.2015
Module 10 The Circular Flow and Gross Domestic Product
Required Resources:
Read Krugman and Wells Module 10
Recommended Resources:
Here is a series of Khan Academy Videos on the GDP and Circular
Flow
Multimedia:
http://goo.gl/ckKfMl
Here is a series of Khan Academy Videos on the GDP and its
component’s
Multimedia:
http://goo.gl/40vGw6
Recommended Reading:
Genuine Progress Indicator (GPI)
http://rprogress.org/publications/2007/GPI%202006.pdf
Recommended Reading:
Mirror, Mirror on the Wall. (2004, June 17th). The Economist.
http://www.economist.com/displaystory.cfm?story_id=2765877
Active Learning: Dating changes in GDP.
Module 11 Interpreting Real Gross Domestic Product
Required Resources:
Read Krugman and Wells Module 11
Brief History from Director of BEA
Multimedia:
http://www.cbsnews.com/video/watch/?id=50152029n
(Length 1min34sec)
Multimedia:
http://youtu.be/q5jNt7P2Egs
(Length 6min40sec)
Recommended Resources:
Here is a series of Khan Academy Videos on Real vs Nominal GDP
Multimedia:http://goo.gl/w5akia
Module 12 The Meaning and Calculation of Unemployment
Required Resources: Read Krugman and Wells Module 12
Multimedia:
http://www.nytimes.com/interactive/2009/11/06/business/economy/unemployment-lines.html?_r=0
Here is a series of Khan Academy Videos on the unemployment
Multimedia:
http://goo.gl/z2tFA2
Assessment: Complete Quiz#4 By Sunday 2.15.2015 in D2L
Links
GDP (latest data) [prezi on GDP] [pdf]
Inflation (latest data)
Hyperinflation in Zimbabwe (here, here) [video] [Longer video]
Inflation's parts (NYT).
Unemployment (latest data)
Unemployment Rate and Labor Force Calculations on Prezi
Video