{"id":66,"date":"2024-07-24T03:04:32","date_gmt":"2024-07-24T07:04:32","guid":{"rendered":"https:\/\/pressbooks.bccampus.ca\/econ104\/?post_type=chapter&#038;p=66"},"modified":"2024-10-17T15:00:50","modified_gmt":"2024-10-17T19:00:50","slug":"2-2-readings","status":"publish","type":"chapter","link":"https:\/\/pressbooks.bccampus.ca\/econ104\/chapter\/2-2-readings\/","title":{"raw":"2.2 Readings","rendered":"2.2 Readings"},"content":{"raw":"The main source of our discussion is from the following sections in the course textbooks\u00a0and supplementary materials.\r\n\r\n<strong>Note:<\/strong> Curtis and Irvine discuss all macroeconomics data in Chapter 4. Unemployment and inflation are our future topics.\r\n<ul>\r\n \t<li>What is the Gross Domestic Product (GDP)?\r\n<ul>\r\n \t<li><a href=\"https:\/\/collection.bccampus.ca\/textbooks\/principles-of-macroeconomics-2021a-lyryx-lyryx-281\/\">Curtis and Irvine 4.1 &amp; 4.4<\/a><\/li>\r\n \t<li>Shaprio et al. <a href=\"https:\/\/openstax.org\/books\/principles-macroeconomics-3e\/pages\/6-1-measuring-the-size-of-the-economy-gross-domestic-product\">6.1<\/a> (optional: discussion on US data and data collection)<\/li>\r\n \t<li>Extended Reading 1<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li><span class=\"NormalTextRun SCXW128706743 BCX8\">How is GDP related to a nation\u2019s total income and spending? What are the components of GDP<\/span><span class=\"NormalTextRun SCXW128706743 BCX8\">?<\/span>\r\n<ul>\r\n \t<li><a href=\"https:\/\/collection.bccampus.ca\/textbooks\/principles-of-macroeconomics-2021a-lyryx-lyryx-281\/\">Curtis and Irvine 4.3 &amp; 4.4<\/a><\/li>\r\n \t<li>Shaprio et al. <a href=\"https:\/\/openstax.org\/books\/principles-macroeconomics-3e\/pages\/6-1-measuring-the-size-of-the-economy-gross-domestic-product\">6.1<\/a><\/li>\r\n \t<li>Extended Reading 2<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li>How is GDP corrected for inflation?\r\n<ul>\r\n \t<li><a href=\"https:\/\/collection.bccampus.ca\/textbooks\/principles-of-macroeconomics-2021a-lyryx-lyryx-281\/\">Curtis and Irvine 4.5<\/a><\/li>\r\n \t<li>Shapiro et al. <a href=\"https:\/\/openstax.org\/books\/principles-macroeconomics-3e\/pages\/6-2-adjusting-nominal-values-to-real-values\">6.2<\/a><\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li>How do economists use real GDP to describe an economy\u2019s situation?\r\n<ul>\r\n \t<li>Shapiro et al. <a href=\"https:\/\/openstax.org\/books\/principles-macroeconomics-3e\/pages\/6-3-tracking-real-gdp-over-time\">6.3<\/a><\/li>\r\n \t<li><a href=\"https:\/\/www.youtube.com\/watch?v=jbkSRLYSojo\"><em>Statistics for all seasons: A two-minute primer on seasonal adjustment<\/em><\/a> [Video]<\/li>\r\n \t<li>Extended Reading 3<\/li>\r\n<\/ul>\r\n<\/li>\r\n \t<li>Does GDP measure society\u2019s well-being?\r\n<ul>\r\n \t<li><a href=\"https:\/\/collection.bccampus.ca\/textbooks\/principles-of-macroeconomics-2021a-lyryx-lyryx-281\/\">Curtis and Irvine 4.6<\/a><\/li>\r\n \t<li><a href=\"https:\/\/www.youtube.com\/watch?v=jbkSRLYSojo\"><em>Hans Rosling's 200 Countries, 200 Years, 4 Minutes - The Joy of Stats - BBC Four<\/em><\/a>\u00a0[Video]<\/li>\r\n<\/ul>\r\n<\/li>\r\n<\/ul>","rendered":"<p>The main source of our discussion is from the following sections in the course textbooks\u00a0and supplementary materials.<\/p>\n<p><strong>Note:<\/strong> Curtis and Irvine discuss all macroeconomics data in Chapter 4. Unemployment and inflation are our future topics.<\/p>\n<ul>\n<li>What is the Gross Domestic Product (GDP)?\n<ul>\n<li><a href=\"https:\/\/collection.bccampus.ca\/textbooks\/principles-of-macroeconomics-2021a-lyryx-lyryx-281\/\">Curtis and Irvine 4.1 &amp; 4.4<\/a><\/li>\n<li>Shaprio et al. <a href=\"https:\/\/openstax.org\/books\/principles-macroeconomics-3e\/pages\/6-1-measuring-the-size-of-the-economy-gross-domestic-product\">6.1<\/a> (optional: discussion on US data and data collection)<\/li>\n<li>Extended Reading 1<\/li>\n<\/ul>\n<\/li>\n<li><span class=\"NormalTextRun SCXW128706743 BCX8\">How is GDP related to a nation\u2019s total income and spending? What are the components of GDP<\/span><span class=\"NormalTextRun SCXW128706743 BCX8\">?<\/span>\n<ul>\n<li><a href=\"https:\/\/collection.bccampus.ca\/textbooks\/principles-of-macroeconomics-2021a-lyryx-lyryx-281\/\">Curtis and Irvine 4.3 &amp; 4.4<\/a><\/li>\n<li>Shaprio et al. <a href=\"https:\/\/openstax.org\/books\/principles-macroeconomics-3e\/pages\/6-1-measuring-the-size-of-the-economy-gross-domestic-product\">6.1<\/a><\/li>\n<li>Extended Reading 2<\/li>\n<\/ul>\n<\/li>\n<li>How is GDP corrected for inflation?\n<ul>\n<li><a href=\"https:\/\/collection.bccampus.ca\/textbooks\/principles-of-macroeconomics-2021a-lyryx-lyryx-281\/\">Curtis and Irvine 4.5<\/a><\/li>\n<li>Shapiro et al. <a href=\"https:\/\/openstax.org\/books\/principles-macroeconomics-3e\/pages\/6-2-adjusting-nominal-values-to-real-values\">6.2<\/a><\/li>\n<\/ul>\n<\/li>\n<li>How do economists use real GDP to describe an economy\u2019s situation?\n<ul>\n<li>Shapiro et al. <a href=\"https:\/\/openstax.org\/books\/principles-macroeconomics-3e\/pages\/6-3-tracking-real-gdp-over-time\">6.3<\/a><\/li>\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=jbkSRLYSojo\"><em>Statistics for all seasons: A two-minute primer on seasonal adjustment<\/em><\/a> [Video]<\/li>\n<li>Extended Reading 3<\/li>\n<\/ul>\n<\/li>\n<li>Does GDP measure society\u2019s well-being?\n<ul>\n<li><a href=\"https:\/\/collection.bccampus.ca\/textbooks\/principles-of-macroeconomics-2021a-lyryx-lyryx-281\/\">Curtis and Irvine 4.6<\/a><\/li>\n<li><a href=\"https:\/\/www.youtube.com\/watch?v=jbkSRLYSojo\"><em>Hans Rosling&#8217;s 200 Countries, 200 Years, 4 Minutes &#8211; The Joy of Stats &#8211; BBC Four<\/em><\/a>\u00a0[Video]<\/li>\n<\/ul>\n<\/li>\n<\/ul>\n","protected":false},"author":20,"menu_order":2,"template":"","meta":{"pb_show_title":"on","pb_short_title":"","pb_subtitle":"","pb_authors":[],"pb_section_license":""},"chapter-type":[49],"contributor":[],"license":[],"class_list":["post-66","chapter","type-chapter","status-publish","hentry","chapter-type-numberless"],"part":57,"_links":{"self":[{"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/pressbooks\/v2\/chapters\/66","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/pressbooks\/v2\/chapters"}],"about":[{"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/wp\/v2\/types\/chapter"}],"author":[{"embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/wp\/v2\/users\/20"}],"version-history":[{"count":24,"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/pressbooks\/v2\/chapters\/66\/revisions"}],"predecessor-version":[{"id":321,"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/pressbooks\/v2\/chapters\/66\/revisions\/321"}],"part":[{"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/pressbooks\/v2\/parts\/57"}],"metadata":[{"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/pressbooks\/v2\/chapters\/66\/metadata\/"}],"wp:attachment":[{"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/wp\/v2\/media?parent=66"}],"wp:term":[{"taxonomy":"chapter-type","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/pressbooks\/v2\/chapter-type?post=66"},{"taxonomy":"contributor","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/wp\/v2\/contributor?post=66"},{"taxonomy":"license","embeddable":true,"href":"https:\/\/pressbooks.bccampus.ca\/econ104\/wp-json\/wp\/v2\/license?post=66"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}