SURVEY OF INTERNATIONAL ECONOMICS COURSE

MODULE 8:
NATIONAL INCOME ACCOUNTS AND INTERNATIONAL ECONOMIC COMPARISONS

Textbook Reading:

Introductory Finance Issues: Current Patterns, Past History, and International Institutions
Read All Sections

National Income and the Balance of Payments Accounts
Read Sections 2.1 - 2.3

List of countries by GDP (nominal)

List of countries by GDP (PPP)

List of countries by GDP (nominal) per capita

List of countries by GDP (PPP) per capita

Presentation Slides:

National Income Accounts and International Economic Comparisons Slides

Recent Events/Analysis:

US Annual GDP Data 1929-present
an excel spreadsheet with GDP data for the US during the past 90 years.

The Latest International Data
The Economist publishes the more recent economic data for a wide range of countries every week. This is a good place for a quick overview of the current economic state of the world. Check especially, Output, Prices and Jobs and Trade, Exchange Rates etc. in the second column.

US National Income and Product Accounts (NIPA)
the most recent US data is available here from the US Bureau of Economic Analysis. To access the data click on the Interactive Tables link or click here for direct access.

Imports and Economic Growth
an Economic Trends report from the Federal Reserve Bank of Cleveland. (Feb 2010)

OVERVIEW

This session provides an overview of the international economy by reviewing recent macroeconomic data including GDP, GDP growth rates, inflation rates, unemployment rates and trade balances. We define and look at data for the national income identity and learn why, despite its problems, GDP is widely used as a barometer of economic health.

VIDEO LECTURE

This lecture was recorded in Fall 2016. It is 95 minutes long.

ANSWER KEY

Click HERE for answers to the textbook questions.