About the lecture

In this module, we think about the system of national accounts and GDP, focusing in particular on: (i) three key interpretations of GDP: production, expenditure and income; (ii) the relationship between these three interpretations; (iii) why we focus on the expenditure side of GDP when using macroeconomic models for stabilisation; (iv) the different components of GDP; and (v) the relationship between savings and investment.

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.