TY - JOUR
T1 - A Stroll Down the Dollar Street
T2 - Teaching Per-Capita GDP Using Internationally Comparable
AU - Maximova, Anna
AU - Muchiri, Steve
AU - Paraschiv, Mihai
PY - 2022
Y1 - 2022
N2 - We propose an activity that draws on over 44,000 internationally comparable photographs (of households and their living conditions) that help students connect cross-country differences in real per-capita GDP with differences in living conditions. First, students virtually visit approximately twenty households across five countries (four of their choice and the United States) and document their living conditions. Second, students collect real GDP per capita data for these countries, compare it, and link it to the observed differences in living conditions. Ultimately, this process allows the students to understand how differences in real GDP per capita relate to the differences in living conditions and learn some of the advantages and disadvantages of using real per-capita GDP to measure living conditions.
AB - We propose an activity that draws on over 44,000 internationally comparable photographs (of households and their living conditions) that help students connect cross-country differences in real per-capita GDP with differences in living conditions. First, students virtually visit approximately twenty households across five countries (four of their choice and the United States) and document their living conditions. Second, students collect real GDP per capita data for these countries, compare it, and link it to the observed differences in living conditions. Ultimately, this process allows the students to understand how differences in real GDP per capita relate to the differences in living conditions and learn some of the advantages and disadvantages of using real per-capita GDP to measure living conditions.
U2 - 10.58311/jeconteach/178c166014597b60b1f4b7463ef0d55842b8996b
DO - 10.58311/jeconteach/178c166014597b60b1f4b7463ef0d55842b8996b
M3 - Article
SN - 2690-506X
VL - 8
SP - 87
EP - 113
JO - Journal of Economics Teaching
JF - Journal of Economics Teaching
IS - 2
ER -