Why GDP is not a good measure
GDP is a measure of overall income and is supposed to approximate measures of wellbeing in the economy. In this video, we talk about GDP and its limitations ...
Dr. Abdullah Al Bahrani
Lesson on Total Welfare, Consumer and Producer Surplus
Graphing and calculating total welfare, consumer surplus, and producer surplus using a perfectly competitive market graph.
sandburgapmicro
Douglas Beal: An alternative to GDP that focuses on wellbeing, not just wealth
Most economists agree that GDP, the most widely used measure of a country's success and growth, is a poor indicator of the overall wellbeing of a nation.
TED Institute
Measuring the Standard of Living
This revision tutorial looks at the measurement of the standard of living including some of the flaws in measured GDP when used as a benchmark for living ...
tutor2u
Mismeasuring Our Economy: Why the GDP is Not Useful
The GDP is the most commonly cited economic metric but it doesn't tell us what we need to know.
The Real News Network
Joseph Stiglitz - Problems with GDP as an Economic Barometer
Complete video at: http://fora.tv/2008/02/05/Joseph_Stiglitz_Economics_of_Information Nobel Prize-winning economist Joseph Stiglitz proposes alternatives to ...
FORA.tv
Income and Wealth Inequality: Crash Course Economics #17
Inequality is a big, big subject. There's racial inequality, gender inequality, and lots and lots of other kinds of inequality. This is Econ, so we're going to talk about ...
CrashCourse
Angus Deaton: Measuring and understanding behavior, welfare, and poverty
Angus Deaton delivered his Nobel Lecture on Tuesday 8 December 2015, at the Aula Magna, Stockholm University. For more on Deaton visit ...
Nobel Prize
#5 Is GDP a good indicator of Economic welfare||Problem of Double Counting||Real & Nominal GDP|Notes
5 Is GDP a good indicator of Economic welfare?|| Nominal GDP and Real GDP||Problem of Double Counting ||National Income at current price and National ...
ShriRai Studyship
Limitations of GDP as a Measure of Welfare (English)
Concepts of economics have been explained in easy and simple manner. Beneficial and crucial for all competitive exams, under graduation, post-graduation, ...
HarMaya Group ,Online Economics, Statistics Studies
GDP and the Circular Flow- Macro Topic 2.1
In this episode I explain the Gross Domestic Product (GDP), the three ways it is calculated, and connect it to the financial sector. I also explain how George ...
Jacob Clifford
Real GDP Per Capita and the Standard of Living
They say what matters most in life are the things money can't buy. So far, we've been paying attention to a figure that's intimately linked to the things money can ...
Marginal Revolution University
Micro Chapter 7 Welfare Economics
Micro Chapter 7 segment overview of welfare economics.
C A Phillips
GDP and welfare || national income || class 12 macroeconomics
class 12 macroeconomics ch- national income and related aggregates gdp and welfare https://www.facebook.com/commercelect... like this page for more notes, ...
Commerce lectures
Measuring Economic Development through Lorenz curve, Ginni coefficient,HDI,PQLI,GDP etc in Hindi
Eco IAS
Shortcomings of GDP
This video lists the shortcomings of using GDP as a measurement of the health of the economy, why we should not overemphasize GDP, and why we are ...
Iris Franz
Macro Unit 2 Summary (New Version)- Measuring the Economy
Hey, this is Jacob Clifford and welcome to the Macro Unit 2 Summary (new version). This unit is about measuring the economy and covers topics like GDP (2:17) ...
Jacob Clifford
10 Flaws in GDP (Living Standards)
This short revision video looks at some of the flaws in official GDP data as a measure of the Standard of Living.
tutor2u
Episode 7: Economics of Sustainability | Environmental Sustainability | SDG Plus
Economics of sustainability highlights how a good score on an economic index like GDP does not necessarily translate into #sustainabledevelopment. In this ...
Swiss Learning Exchange
The Economy of Sweden
························· Sweden is a beautiful Scandinavian country famed for its beautiful people, flat-packed furniture, PewDiePie and ...
Economics Explained
(64) Is GDP a Good Measure of Economic Welfare?(Macroeconomics XII)
In this video of economics on the move we have made a discussion on economic welfare and how it is related with GDP , similarly we have made a discussion ...
Economics on the move
How to Measure Income Inequality: Gini & Lorenz
In this video I introduce the ideas of the Lorenz Curve and Gini Coefficient for measuring income inequality. I also describe some difficulties with using it as a way ...
BurkeyAcademy
Limitations of GDP (gross domestic product)
GDP is the most widely used measurement used to determine whether a country's economy is succeeding or failing. But it has several limitations that make it an ...
Jason Welker
Economic Welfare and National Income
Angela Besino
Beyond GDP? Welfare across Countries and Time | Pete Klenow, Stanford University
As many economists have noted, GDP is a flawed measure of economic welfare. Leisure, inequality, mortality, morbidity, crime, and the natural environment are ...
Faculti
Lecture 2 - GDP and Welfare
This video explores the usefulness of GDP to measure societal well-being, it's strengths and weaknesses.
Economic Principles
Introduction to Dead Weight Loss (Welfare Loss)
As we've learned in earlier lessons, markets tend to achieve equilibrium prices and quantities that are efficient, as the marginal benefit of a product to its ...
Jason Welker
The main indicators of economic development and living standards
Recorded with http://screencast-o-matic.com.
Daniel CROWE
How should we measure the digital economy? | 11 December
The welfare contributions of the digital economy, characterised by the proliferation of new and free goods, are not well-measured in our current national ...
Bruegel
GDP and Welfare
... our life increases our welfare. Welfare may of three types viz. economic welfare , non economic welfare and social welfare Economic welfare can be measured ...
Real Time Economics
Jim Balsillie at the IMF Statistical Forum and Q & A with Christine Lagarde
With the rise of the “intangibles economy,” including AI and the growing importance of data, how do we measure the digital economy? Jim Balsillie, CIGI founder ...
Centre for International Governance Innovation
New Zealand is focusing on the well-being of its people, not just economic growth
In 2019 New Zealand focused public spending on improving citizens quality of life and devoting record funds to tackling poor mental health and domestic ...
World Economic Forum
Lionel Robbins Memorial Lectures 2010 - Economic Growth, Human Welfare and Inequality
Speaker: Lord Turner This event was recorded on 11 October 2010 in Old Theatre, Old Building Lord Turner will deliver the 2010 Lionel Robbins Memorial ...
LSE
NATIONAL INCOME AND ECONOMIC WELFARE
National income and economic welfare change in the size of national income change in the distribution of national income stability of national income.
Knowledge of commerce
Systems Architecture, Kabuki Capitalism, and the Economic Manhattan Project
(April 29, 2009) Eric Weinstein.
Stanford
Gross Domestic Product vs. Inclusive Development Index
What are the components of the Gross Domestic Product? What are the components of the Inclusive Development Index? Find out if the IDI is better than the ...
Rexel Agapay
Value added method of national income Class 12 | macro economics | Video 7
Value added method of national income Class 12 | macro economics | Video 7 National income and related aggregates class 12 National income class 12 ...
Economics on Your Tips
Day 10 I Macro Economics I NATIONAL INCOME Chapter 4 I Part 01 / COMMERCEBABA
20 Days Pledge Playlist Accounts - https://www.youtube.com/watch?v=HfD3EN175-k&list=PLfMLVgkRy6knzLr2-sn1B09s6kUSXoFWV Business Studies ...
Commerce Baba
Is economic growth fuelling climate change? | Crunched
FT data journalists Federica Cocco and John Burn-Murdoch look at the numbers behind George Monbiot's argument that pressures for GDP growth of 3 per cent ...
Financial Times
IGCSE Economics 0455 | 6.3 Economic Indicators - Output & Growth
Thanks to Mr. Labeeb Hussain, I've fixed the error. I hope you get that A*. Chandra.
Jason Chandra
Measuring Income Inequality - A Level and IB Economics
This revision tutorial covers income inequality in the UK and a number of other countries. It includes data on the Gini coefficient and the Palma Ratio and makes ...
tutor2u
Social Welfare Fn Overview
An overview of social welfare functions, and how to create them.
Ashley Hodgson
