Module 1: Basic Concepts of GDP
Description
Welcome to the Macroeconomics for Business Management course! During this first week, we will cover the concept of Gross Domestic Product, why it is crucial for your business plan as it is also considered to be the income of the country, and one of its components, household consumption.
Learning Outcomes:
- Describe the concept of Gross Domestic Product (GDP) using the knowledge provided in this module
- Distinguish the main components of the GDP by using the concepts provided in this module
- Determine what is the consumption component of the GDP
Assignments:
- Describe the concept of Gross Domestic Product (GDP) using the knowledge provided in this module