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Teaching Economics

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Rethinking GDP

Geoff Riley

6th March 2017

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Diane Coyle has an article on new measures of economic welfare in the March 2017 edition of Finance and Development from the IMF. Strongly recommended for students and teachers wanting an updated resource to strengthen your teaching / class notes on this important topic.

Diane concludes that:

"Public conversation about economic policy is largely conducted in terms of GDP growth, so the erosion of GDP’s status as a reasonable measure of economic welfare is a serious matter indeed."

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Geoff Riley

Geoff Riley FRSA has been teaching Economics for nearly forty years. He has over twenty years experience as Head of Economics at leading schools. He writes extensively and is a contributor and presenter on CPD and Revision conferences in the UK and overseas.

@tutor2uGeoff

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