We need to do away with GDP.

Gross Domestic Product, or more commonly known for its abbreviated form GDP, is a measure of the total value of final goods and services produced within an economy over a given time period. It is a direct measure of economic activity, and its year on year change is being used to compute measures such as economic growth.

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Unleashing the human potential

How do we actually unleash the genius within each person?

First we need to recognise (and trust) that every person is special and has his or her own unique talents and abilities. Yet, how many of us have seen teachers who have gave students the disapproving shake of the head, or have heard parents tell their children that they will amount to nothing if they do not get good grades in school?

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Monetary Policy in the US: Bernanke Answers 5 Common Questions from Critics

This is a must-read for all H2 Economics students out there. As you read this article, here are some questions for you to think about and perhaps practice. I will be posting the answers to some of them later this week.

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