A Layman's Guide to the U.S. Economy: Demystifying Economic Indicators (Part 2 - Computing the GDP)

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A Layman's Guide to the U.S. Economy: Demystifying Economic Indicators (Part 2 - Computing the GDP)

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In Skillshare’s unique philosophy, everyone is a teacher, and everyone is a learner. Rather than a traditional lecture format, courses are offered within a global online learning community in which learners collaborate and learn by doing. Instructors are industry leaders who share their skills with anyone who wants to learn. No credits are offered. Founded by online entrepreneurs Michael Karnjanaprakorn and Malcolm Ong, Skillshare’s online “campus” was launched in April 2011. Its catalog h...
In Skillshare’s unique philosophy, everyone is a teacher, and everyone is a learner. Rather than a traditional lecture format, courses are offered within a global online learning community in which learners collaborate and learn by doing. Instructors are industry leaders who share their skills with anyone who wants to learn. No credits are offered. Founded by online entrepreneurs Michael Karnjanaprakorn and Malcolm Ong, Skillshare’s online “campus” was launched in April 2011. Its catalog has grown from 15 to more than 250 online courses that cover creative arts, entrepreneurship, branding and marketing, lifestyle and technology. The School of MakeOurMark, with courses in photography, illustration and tattooing, was launched in October 2013, and the School of Design went live the following month. Among the instructors who have taught courses are Seth Godin, founder of online marketing firm Yoyodyne, who teaches a class on entrepreneurship; DJ Young Guru, who leads a course on mixing and recording; and actor, writer and director James Franco, whose course focuses on screenwriting for short films. You can begin a Skillshare collaboration by taking an introductory course in a particular area to learn, for example, the fundamentals of Photoshop and expand your knowledge with a five-part, in-depth Photoshop series.

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Course Description

"Understanding Markets" is one of the technical skill talked about by Robert Kiyosaki in his book "Rich Dad, Poor Dad". In order to "understand markets" we need to make the connections between the economy, financial markets and the central bank's monetary policy. The goal of this class is to provide you with the tools necessary to make these connections. By understanding macroeconomic indicators, their impact on financial markets and the reaction of the central bank you will be able to better predict the direction of the economy, inflation and ultimately the financial markets.

In this second part of "A Layman's Guide to the U.S. Economy: Demystifying Economic Indicators" we will compute the Gross Domestic Product of a hypothetical economy, compute the real and nominal GDP, growth rates and understand the Quarterly Gross Domestic Product report published by the US Bureau of Economic Analysis at the...

"Understanding Markets" is one of the technical skill talked about by Robert Kiyosaki in his book "Rich Dad, Poor Dad". In order to "understand markets" we need to make the connections between the economy, financial markets and the central bank's monetary policy. The goal of this class is to provide you with the tools necessary to make these connections. By understanding macroeconomic indicators, their impact on financial markets and the reaction of the central bank you will be able to better predict the direction of the economy, inflation and ultimately the financial markets.

In this second part of "A Layman's Guide to the U.S. Economy: Demystifying Economic Indicators" we will compute the Gross Domestic Product of a hypothetical economy, compute the real and nominal GDP, growth rates and understand the Quarterly Gross Domestic Product report published by the US Bureau of Economic Analysis at the Department of Commerce. We will understand the components of GDP - consumption expenditure, gross private investment spending, government spending and net exports. We will study how through the help of a hypothetical economy and an economic map how GDP equates to C+I+G+(EX-IM). Finally we take a closer look at the Quarterly GDP report published by the BEA and using the knowledge gained from part 1, make the connection between the GDP report and the financial markets. 

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