Macroeconomics › Section S · Macroeconomic policy around the world › Topic S.1
The diversity of the world's economies
The same macroeconomic goals apply everywhere, but the economies chasing them could hardly be more different. This topic measures that diversity with income per person and then looks at the geography, people, industries and institutions behind it.
In this topic
- One world, very different economies
- Measuring income per person
- Four income groups
- Worked example: classifying economies
- Where the people and the income are
- Worked example: average income by group
- Beyond income
- Geography and demography
- Industry structure and institutions
- Common mistakes to avoid
- Key takeaways
This topic is part of Wuanberri Pro. Checking your access…