Week 5 – Economic Well-being

Before Class on Tuesday, 09/21
Read: Lumen Learning “What is Gross Domestic Product?” and “Calculating GDP”
Watch (17:42): Pheko (2020)
In Class
Slides: Economic Well-being

Before Class on Friday, 09/24
Have tried all of Weekly Review 3

Material Links
Lumen Learning. “What is Gross Domestic Product?” https://courses.lumenlearning.com/wm-macroeconomics/chapter/what-is-gross-domestic-product/ & “Calculating GDP” https://courses.lumenlearning.com/wm-macroeconomics/chapter/calculating-gdp/
Pheko, Lebohang. (2020). “Feminist economics is everything. The revolution is now!” TEDxLytteltonWomen. 4 February. https://youtu.be/bDiOXjBK8xM

Pheko (2020)

Optional: Fed Reserve of Dallas – Deflating Nominal Values to Real Values

One thought on “Week 5 – Economic Well-being

  1. Al Eisenbarth Post author

    Some folks were asking about the origins of GDP — Where did it come from? When did we start using it? What what was it when it started? Here are some answers and! (be warned) they all have different versions of the story. Take what you like, leave the rest!

    Bokat-Lindell, Spencer. (2021). “Do We Need to Shrink the Economy to Stop Climate Change?” New York Times. 16 September. https://www.nytimes.com/2021/09/16/opinion/degrowth-cllimate-change.html

    Dickinson, Elizabeth. (2011). “GDP: a brief history.” Foreign Policy. 3 January. https://foreignpolicy.com/2011/01/03/gdp-a-brief-history/

    Kapoor, Amit and Bibek Debroy. (2019). “GDP is Not a Measure of Human Well-Being.” Harvard Business Review. 4 October. https://hbr.org/2019/10/gdp-is-not-a-measure-of-human-well-being

    (2007). Beyond GDP: Measuring progress, true wealth, and the well-being of nations. EU, The Club of Rome, WWF, OECD. November. [Conference Description] https://www.oecd.org/site/worldforum06/38433373.pdf

Leave a Reply