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

Review Module 10 Slides

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

Review Module 11 Slides

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

Review Module 12 Slides

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

Worldbank Data Visualizer

Video