GDP 150 — Live course
Follow a worked GDP analysis using the United States example and the three measurement approaches. Connect expenditure, production and income with basic consumption and investment models, then consider international comparisons. Join the live course and explore the topics through questions and discussion.
This course is provided by MCC Economics & Finance and focuses on real-world GDP measurement, calculation and international comparison.
Course provider
Economics, finance and applied analysis
MCC Economics provides analysis and advice across economics, finance and regulation. This course focuses on real-world GDP measurement, calculation and international comparison. Contact the team to confirm the named lecturer for your selected session or recording.
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GDP 150 uses United States GDP examples to compare the expenditure, production and income approaches, examines basic consumption and investment models, and discusses international GDP comparisons. The live listing gives Cloud Spaces ADGM in Abu Dhabi as the venue. Teams may be used if the in-person venue is unavailable; confirm the arrangements for your selected session. Check the available dates and ticket terms on Eventbrite before booking.
The course topics support three learning outcomes. They describe the concepts you will work through, rather than promising mastery from a single session.
This outline organises the topics described in the course listing. The summaries explain the subject matter in plain English.
These definitions support the course topic and help you interpret the material. They are explanatory context, not a promise that every term is a separate lesson.
| Term | Meaning |
|---|---|
| Expenditure approach | Measures final expenditure on domestic output; imports are removed because they represent production abroad. |
| Production approach | Measures value added across producers, with the national-accounts adjustments needed to reach GDP. |
| Value added | Output less the intermediate goods and services used to produce it. |
| Gross domestic income (GDI) | Measures the income generated by domestic production, conceptually corresponding to GDP. |
| Statistical discrepancy | The difference between independently estimated income and expenditure totals, reflecting measurement differences. |
| Nominal GDP | GDP measured at prices prevailing in the reference period. |
| Real GDP | An output measure adjusted for price changes, allowing comparisons over time. |
| International comparison | A comparison whose interpretation depends on the choice of price basis, conversion method and population adjustment. |
GDP 150 suits learners interested in real-world GDP measurement, calculation and international comparison. Familiarity with the definition and basic components of GDP will help. No formal prerequisite is specified.
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GDP 150 uses United States GDP examples to compare the expenditure, production and income approaches, examines basic consumption and investment models, and discusses international GDP comparisons.
The live listing gives Cloud Spaces ADGM in Abu Dhabi as the venue. Teams may be used if the in-person venue is unavailable; confirm the arrangements for your selected session.
The listing offers live questions and discussion. Confirm recordings, slides, transcripts or certificates with MCC before assuming they are included in a live ticket.
The retrievable listing does not clearly specify a single duration. Confirm the duration of your selected session with MCC before registering.
The course is provided by MCC Economics & Finance. Contact the team to confirm the lecturer for your selected session.
Familiarity with the definition and basic components of GDP will help. No formal prerequisite is specified.
The outline lists United States GDP and a 2023 example covering expenditure, production and income approaches. The page does not present 2023 as the latest available data.
They measure conceptually the same activity but are estimated using different sources. Measurement differences produce a statistical discrepancy.
No. Value added subtracts intermediate inputs, avoiding the double counting that would occur from adding all sales.
The retrievable listing does not specify a required software package or a completion certificate. Ask MCC if either matters to your training plans.
Contact MCC Economics through the consultation page to discuss team access or tailored training.
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