《经济学原理》学习笔记

The author--N.Gregory Mankiw,professor of economics at Harvard University.

"Economics is a study of mankind in the ordinary bussiness of life."--Alfred Marshall

Why should you to study economics?

Three reasons:

1. It will help you understand the world in which you live.

2.It will make you a more astute participant in the economy.

3.It will give you a better understanding of both the potential and the limit of economic policy.

The principles of economics can be applied in many of life's situations.

Chapter 23 --Measuring a Nation's Income

table of contents

1.The Economy's Income and Expenditure

2.The Measurement of Gross Domestic Product(GDP)

"GDP Is the Market Value..."

"...of All..."

"...Final..."

"...Goods and Services..."

"...Produced..."

"...Within a Country..."

"...In a Given Period of Time."

3.The components of GDP

Other Measures of Income

Consumption

Investment

Government Purchases

Net Exports

Case Study:The Components of U.S. GDP

4.Real versus Nominal GDP

A Numerical Example

The GDP Deflator

Case Study:Real GDP over Recent History

5.Is GDP a Good Measure of Economic Well-Being?

In The News:The Underground Economy

In The News:Beyond Gross Domestic Product

Case Study:International Differences in GDP and the Quality of Life

6.Conclusion