GDP
Resources
TED-Ed: How Do We Create a Better Economy?
Can we call any economy “healthy” in the face of dwindling resources and growing inequality? What if we cut off our addiction to endless growth, and used a new compass for modern prosperity? One such compass is known as “doughnut economics,” which aims to meet the needs of people without overshooting Earth's ecological limits. Explore how this model reframes our economic systems.
TED-Ed: Can the Economy Grow Forever?
Many economists think that an eternally growing economy is necessary to keep improving people’s lives, and that if the global economy stops growing, people would fight more over the fixed amount of value that exists, rather than working to generate new value. Which raises the question: is infinite growth possible on a finite planet? Explore how economies can balance efficiency with sustainability.
TED-Ed: What's the Best Country to Live In?
What’s the best country to live in? Is it the one with the best food? The longest life expectancy? The best weather? For the past 70 years, most governments have relied heavily on a single number: the Gross Domestic Product, or GDP. But it was never intended for its current purpose; and some argue that we are addicted to making it grow. Explore the different ways countries measure quality of life.
TED-Ed: What Causes an Economic Recession?
For millennia, the people of Britain had been using bronze to make tools and jewelry, and as a currency for trade. But around 800 BCE, that began to change: the value of bronze declined, causing social upheaval and an economic crisis— what we would call a recession today. So what causes recessions? Richard Coffin digs into the economic fluctuations that affect our modern markets.
TED-Ed: Global Economics Lessons
TED-Ed celebrates the ideas of teachers and students around the world. Discover hundreds of animated lessons, create customized lessons, and share your big ideas.
TED-Ed: Macroeconomics Lessons
TED-Ed celebrates the ideas of teachers and students around the world. Discover hundreds of animated lessons, create customized lessons, and share your big ideas.