Critically think about GDP as a measure of growth. Economic prosperity is usually tied to GDP growth.

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Question:

Critically think about GDP as a measure of growth. Economic prosperity is usually tied to GDP growth. However, it does not capture individuals' well-being, and we see high levels of wealth inequality in countries with a high GDP and environmental degradation. Compare GDP figures between Canada and Japan.

Link: https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=CA-DE

https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?locations=CA

Topic 2: Economic Impacts on Climate Change

Reflect on some of the economic impacts on climate change such as higher sea levels, and extreme temperatures. What measures can be taken to reverse the trend?

Topic 3: Fractional Reserve Banking & Rising Income Inequality

Reflect on the fractional reserve banking system and how it leads to rising income inequality between rich and poor. You are required to do some research on the topic and provide a critical analysis of the banking system and its impact on households and society at large.

Topic 4: Covid 19 & Fiscal Policy

Discuss the Philippines government response to COVID-19 pandemic using fiscal policy tools. What was the response like? Was it effective? What could have been done differently?

Topic 5: Student Debt

Student debt has significantly increased over the last few years and it has become a major national debate in several countries including Canada.

Give a brief overview of the student debt in Canada (or a country of your choice). Make sure you include some statistics and relevant data in your answer.
What are some of the socioeconomic costs and effects of students debt ?

Discuss the difference between the income approach and expenditure approach in calculating GDP. Provide examples to support your answer.

Reflective Questions

What were the high points during this Economics course? What were some of your challenges? What lessons caught your attention? What experiences are memorable? What strategies have you implemented in your online learning? How would you rate your effort level and time management in this course? Speaking generally, how did your instructor and classmates influence you?

Decisional Questions

How will this economics course and educational experience support your personal, educational and professional goals? What new study skills and strategies will you put in place for future courses in your program? How will you continue your educational growth journey in the future?