gross domestic product

Happiness across cultures

Maybe it is not a question of whether the glass is half empty or half full, but, more importantly, of how thirsty you are. Sometimes we simply ask the wrong questions.

The terms "gross" and "net" are often used in economics to refer to key economic variables. But what exactly do these terms mean? This is the subject of the 42nd item in our Economics for Amateurs (EFA) series.

brutto

netto

Volkswirtschaftslehre

ökonomische Variablen

hier: Folge

Two cheers for Germany!

Politically, there is no doubt that the fall of the Berlin Wall — and the reunification of Germany a year later — was a hugely positive event. But economically the process was handled very badly, and the damage remains.

Wiedervereinigung

Verfahren

EFA (30): Stocks and flows

There is an important distinction in economics between stocks, which can be measured at a point in time, and flows, which take place over a period of time. The difference is often ignored. Economics for amateurs (EFA), part 30.

Unterscheidung

Volkswirtschaftslehre

Bestandsgrößen

Strom-, Strömungsgrößen

EFA (8): GDP

One can hardly pick up a newspaper without reading about a fall in the gross domestic product (GDP) of some country or other. But what exactly is GDP? This is the subject of the eighth item in our Economics for Amateurs (EFA) series.

Bruttoinlandsprodukt (BIP)

Folge

Volkswirtschaft(slehre)

Nasty numbers

I love numbers in all their forms, whether economic data or football scores. But this love affair is in serious danger of coming to an abrupt end. The recent economic statistics are so scary that there is only one sensible thing to do — hide!

Spielergebnisse

erschreckend

vernünftig

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