Macroeconomic Indicators

About the lecture

In this module, we think about using a range economic indicators to measure progress on the objectives we covered in the first module. We focus in particular on: (i) two key measures of inflation and why we favour the CPI measure; (ii) measuring economic growth using GDP, the need to divide by the population and adjust for inflation; (iii) measuring unemployment; (iv) measuring real productivity; and (v) measuring the international balance of payments on the current account.

About the lecturer

Dr Paul Segal is a Reader in Economics of Development at King's College London. He specialises in researching global poverty and inequality, the economics of natural resources, and economic history. He has published widely within these areas, including Who Are the Global Top 1%? and The Economy: Economics for a Changing World. He has also written policy articles for FT.com and has collaborated with Oxfam Mexico to undertake empirical fieldwork in Mexico City, analysing multidimensional inequalities.