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

Mikesh Shah, Director - AltGmX Technology Pvt Ltd

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10 Lessons (57m)
    • 1. 1 GDP Section Intro

      3:30
    • 2. 2 GDP compute

      6:45
    • 3. 3 GDP basic definitions

      7:45
    • 4. 6 GDP Government Spending

      1:39
    • 5. 4 GDP Households&Firms

      7:00
    • 6. 5 GDP Savings&Investments

      2:19
    • 7. 7 GDP Net Exports

      6:05
    • 8. 8 GDP US Historical Context

      5:23
    • 9. 9 GDP Growth Rates Computations

      8:20
    • 10. 10 GDP Quarterly Report

      8:05

About This Class

"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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