This document discusses economic indicators and measuring social and economic development. It provides background on Mohamed Abdul Aziz Alkhamiri and his student ID and section. It then discusses key topics like the economy of human life, the science of economics, and economic growth. It defines important economic indicators like GDP and inflation rate and explains why they are important. It also provides context on the Syrian economy and includes links to related videos.
3. Economy of Human life
• Access to many of the rights which include the
right to survival, health and nutrition and learning.
• And also forgotten that he contributes to the
composition of the social and political structure
and changes from time to time.
4. Science of Economics
• Most human activity the access rights on income
and how to spend.
• The importance of this science beyond the limits
of the economic activity of exchange.
5. Economic growth
• A process in which real income increase.
• This increase is greater than the rate of
population growth while providing
productivity and social services.
6. Economy Grew 3.9% in 3rd
Quarter
•The economy expanded faster than
expected in the third quarter, led by
a surge in consumer spending and
exports
8. Important Questions
• What are economic indicators?
• Why are economic indicators important?
• What are the most common economic
indicators?
9. What is an indicator?
• something observed or calculated that is
used to show the presence or state of a
condition or trend.
10. What is an Economic
Indicator?
• Economic Indicators are statistical
measures which reflect the overall health
of the economy.
11. Why Are Economic
Indicators Important?
• Economic indicators are important because they
suggest to investors, politicians and citizens also how
well the economy is doing at a given point in time.
• Now, you can reveal the economic indicators via the
Internet and you are in your home easy and comfort.
13. Economic Indicators
What Are the Most Common Economic
Indicators?
•Gross Domestic Product (GDP)
•Inflation rate
•rate change
14. Let’s take a closer look at GDP
• Definition: GDP is the market value of all
the goods and services produced by a
country during the course of a year.
16. Economy Grew 3.9% in 3rd
Quarter
•The economy expanded faster than
expected in the third quarter, led by
a surge in consumer spending and
exports
17. What’s the Economy for
Simon Kuznets, the Nobel Prize-winning
“Distinctions must be kept in
mind between quantity and quality of
growth, between its costs and
return, and between the short and
long run…Goals for more growth
should specify more growth
of what and for what.”
18. Economy Of Syria
• Syrian economy continues to deteriorate as a result of the
crisis in Syria, as a result of the ongoing demonstrations
• Do not create jobs, but are laying off workers. Elevate the
unemployment rate, which was estimated at 15 percent, to
25 or 30 percent of the labor force.
• There is also a lack of basic materials including
medicines.
Reveal: The article and the GDP figures reveal that consumer and business spending are both up. There is more market activity, 3.9% more than last quarter. Conceal: The article and the GDP figures do not reveal, however, what the spending was for (except at the grossest level). The figures don not distinguish between costs and benefits, between productive and destructive activities, or between sustainable and unsustainable ones.
Before revealing the third bullet, ask students what GDP reveals about the the economy. -- Essentially, GDP reveals how much stuff gets produced by a given country during a given year.
Reveal: The article and the GDP figures reveal that consumer and business spending are both up. There is more market activity, 3.9% more than last quarter. Conceal: The article and the GDP figures do not reveal, however, what the spending was for (except at the grossest level). The figures don not distinguish between costs and benefits, between productive and destructive activities, or between sustainable and unsustainable ones.