Lecturer: Professor J. S. Chadha
E-mail: j.chadha [at] niesr.ac.uk
Lectures: 30th September and 7th October
Teams: 9.30 to 12.30
Office Hours: By appointment at NIESR.
Aims and objectives: These two lectures provide a simple introduction for social scientists looking at the economy through National Accounts.
Francois Lequiller and Derek Blades, 2014, “Understanding National Accounts”, OECD, 2nd Edition. Available here
Week 1. How is the UK financing the issuance of government debt during the Covid pandemic?
“Covid-19: deficits, debt and fiscal strategy“
Week 2. What does GDP measure and is it fit for purpose?
“The Trouble with GDP” – The Economist
“I miss the honey lady”: How one resident helped her community to understand what is truly valuable” – Prospect
There are two three-hour session covering two topics each that will follow the following format:
9.40-10.40: Topic 1 (Week 1) / Topic 3 (Week 2)
10.50-12.00: Topic 2 (Week 1) / Topic 4 (Week 2)
The lecture topics are as follows:
1. Consumption, the Household Balance Sheet and Sectoral Balances
2. The External Position
3. The Regional Data picture
4. Nowcasting and high frequency data estimates
View the presentation slides here