Lecture

Limitations of GDP: Unpaid Work and Informal Employment

Related lectures (19)

Evolution of National Economy Representation

Explores the evolution of GDP calculation and harmonization across European countries.

Explores GDP per capita inequality, economic growth trends, poverty traps, and the importance of openness in trade and development.

Untitled

Economic Growth and Happiness

Explores the link between economic growth and happiness, showing that life satisfaction does not always increase with higher income levels.

Understanding IPAT Formula

Explores the IPAT formula, analyzing environmental impact factors like population, affluence, and technology, and discusses strategies for meeting CO₂ emissions targets.

Untitled

Economic Growth: Measuring Total Production and Value Added

Explores how GDP measures total production using prices as a common denominator and explains the concept of value added in the economy.

Economic Growth: Main Components of GDP

Explores the main components of GDP, trade balance, exchange rate, and monetary policy.

Global Business Environment: Determinants and Impacts

Explores interest rates, exchange rates, economic activity, and global economic events.

Calculating Average Growth Rates

Explores the calculation of average growth rates and the sensitivity of growth rates to different time periods.

Economic Growth in High-Income Countries

Explores the need for economic growth in high-income countries and the importance of consumption growth to maintain full employment.

Untitled

Economic growth: Limitations of GDP

Explores the limitations of GDP per capita as an indicator of welfare and delves into the shadow economy and unpaid work importance.

Economic Growth and Happiness

Explores the complex relationship between economic growth and happiness, questioning the necessity of continuous growth in high-income countries.

Exchange Rates and PPP

Explores purchasing power parity, exchange rates, and GDP comparisons across countries.

Economic Growth: Measuring GDP, GPI, and Tertiarisation of Economy

Explores Swiss GDP decomposition, savings dynamics, GPI as an alternative to GDP, and challenges in using GDP as a welfare indicator.

Untitled

Exchange Rates and PPP

Compares PPP and market exchange rates, calculates GDP using different rates, and debates the value of the dollar versus the euro.