Section: Topic 13: GDP, GNP, CPI | Economics (Fall 2022)

Section outline

Lesson Objectives:
Define GDP, GNP, CPI
Real GDP
Nominal GDP
Difference between GDP and GNP
Limitations of GDP and GNP
Calculating GDP
Calculating CPI
Gross National Income (GNI)
Per Capita Income
Disposable Income
- Select activity What is GDP?
  
  What is GDP? URL
  
  Students must
  
  Mark as done
- Select activity What is Gross Domestic Product (GDP)?
  
  What is Gross Domestic Product (GDP)? URL
  
  Students must
  
  Mark as done
- Select activity What is GDP (Gross Domestic Product)?
  
  What is GDP (Gross Domestic Product)? URL
  
  Students must
  
  Mark as done
- Select activity GDP Vs GNP: Difference between them with definition & comparison
  
  GDP Vs GNP: Difference between them with definition & comparison URL
  
  Students must
  
  Mark as done
- Select activity How the Consumer-Price Index Measures Inflation
  
  How the Consumer-Price Index Measures Inflation URL
  
  Students must
  
  Mark as done
- Select activity Consumer Price Index
  
  Consumer Price Index URL
  
  Students must
  
  Mark as done
- Select activity Write differences between GDP and GNP.
  
  Write differences between GDP and GNP. Assignment
  
  Students must
  
  Mark as done
- Select activity What are the limitations of GDP, GNP and CPI?
  
  What are the limitations of GDP, GNP and CPI? Forum
  
  Students must
  
  View
  
  Post replies: 1
- Select activity Topic 13: GDP, GNP, CPI
  
  Topic 13: GDP, GNP, CPI File
  
  Students must
  
  Mark as done

Assessment Plan

Reference Book-1

Reference Book-2

Topic 1: The central concepts of Economics

What is Economics?

Scarcity, Choice and Opportunity Cost

What is Scarcity, Choice, Opportunity Cost, Utility &The Basic Economic Problem?

Introduction to Economics: Scarcity and Opportunity Cost

Scarcity, Choice and Opportunity Cost

Introduction to utility

The Law of Diminishing Marginal Utility Explained in One Minute: From Definition to Examples

Central concepts of Economics

Short Quiz

What is GDP?

What is Gross Domestic Product (GDP)?

What is GDP (Gross Domestic Product)?

GDP Vs GNP: Difference between them with definition & comparison

How the Consumer-Price Index Measures Inflation

Consumer Price Index

Write differences between GDP and GNP.

What are the limitations of GDP, GNP and CPI?

Topic 13: GDP, GNP, CPI

GDP Math

Inflation

What is Inflation?

How The U.S. Made Inflation Worse

Inflation Explained: What is Inflation, Types and Causes?

Controlling Inflation

Economics (Fall 2022)

Topic 13: GDP, GNP, CPI

Section outline

Course Summary

Assessment Plan

Reference Book-1

Reference Book-2

Topic 1: The central concepts of Economics

Topic 1: The central concepts of Economics

What is Economics?

Scarcity, Choice and Opportunity Cost

What is Scarcity, Choice, Opportunity Cost, Utility &amp;The Basic Economic Problem?

Introduction to Economics: Scarcity and Opportunity Cost

Scarcity, Choice and Opportunity Cost

Introduction to utility

The Law of Diminishing Marginal Utility Explained in One Minute: From Definition to Examples

Central concepts of Economics

Short Quiz

Topic-2 : Demand in Economics

Topic-3: Supply in Economics

Topic-4: Market Equilibrium/Price Determination

Topic 5: Market Structure

Topic-6: Economic structure of a country

Topic-7: Economic Systems

Assignment ✅

Topic 8: Elasticity of Demand

Topic-9: Production Possibilities Frontier

Topic 10: Cost of Production

Topic 11: Consumer Behavior

Topic 12: Fiscal and Monetary Policy

Topic 13: GDP, GNP, CPI

What is GDP?

What is Gross Domestic Product (GDP)?

What is GDP (Gross Domestic Product)?

GDP Vs GNP: Difference between them with definition &amp; comparison

How the Consumer-Price Index Measures Inflation

Consumer Price Index

Write differences between GDP and GNP.

What are the limitations of GDP, GNP and CPI?

Topic 13: GDP, GNP, CPI

Class Activity ✅

GDP Math

Topic 14: Inflation

Inflation

What is Inflation?

How The U.S. Made Inflation Worse

Inflation Explained: What is Inflation, Types and Causes?

Controlling Inflation

Presentation ✅

Section outline

What is Scarcity, Choice, Opportunity Cost, Utility &The Basic Economic Problem?

GDP Vs GNP: Difference between them with definition & comparison