This EconMovies 6: Back to the Future (Nominal vs. Real, Unemployment, Inflation) video also includes:
Here is a gem of a resource for you and your learners to learn about nominal vs. real GDP and the different types of unemployment using clips from the film Back to the Future. This engaging presenter reviews the goals of an economy, how to adjust for inflation when considering GDP, frictional/structural/cyclical unemployment, and GDP per capita.
- Great starting point for a more in-depth look at these economic concepts
- Well-chosen clips from film to illustrate concepts
- Queue to skip third-party advertisement at beginning of movie
- Class members should have some foundational knowledge of such concepts as GDP