Upon completion of the course, you should be able to:

• Describe the system of national accounts framework, understand the sequence of accounts and their interrelationships, and identify the key macroeconomic indicators
• Explain key national accounts concepts, accounting rules, and methods.
• Define the components of gross domestic product (GDP) from the production approach. Apply the concepts, accounting rules, methods, and data sources necessary to estimate GDP from the production approach.
• Define the components of GDP from the expenditure approach. Apply the concepts, accounting rules, methods, and data sources necessary to estimate GDP from the expenditure approach.
• Define the components of GDP from the income approach. Apply the concepts, accounting rules, methods and data sources necessary to estimate GDP from the income approach.
• Define and explain how to compile volume estimates of GDP from both the production and expenditure perspective.