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Explain why gdp is a flawed measure of well-being

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-Explain why GDP is a flawed measure of well-being and explain the virtues and pitfalls of available alternative approaches and ways of thinking about this.

-Explain and assess the arguments for 'sound finance' and 'austerity' to reduce public debt, and weigh them against the arguments in favour of Keynesian 'functional finance'.

-Analyse the causes of the financial crash of 2008.

-Inflation and deflation can both be damaging. Explain how. Also, explain which monetary policies are used to counter both.

-The Marginal Productivity theory of income determination implies everyone gets paid for the value they produce: Critically assess this claim, exploring the arguments and evidence for and against it, and outline the most prominent alternative theory of income distribution and inequality.

-Imagine you are writing an article for Harvard Business Review or The Economist: Combine news and analysis from contemporary sources with what we have learned, and will learn in our class topics, to analyse these three themes (inflation, mass resignations and strikes, supply chain problems), fitting them together into an integrated account of post-pandemic economic conditions.

Reference no: EM133124037

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