Understanding Economic Gains and Recessions
Understanding Economic Gains and Recessions
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This course, taught by Professor Mikal Skuterud at the University of Waterloo in Fall 2026, aims to provide a comprehensive understanding of economic growth and recessions. It covers the definition and impact of economic recessions on employment and living standards, illustrated by GDP tracking. Additionally, the course highlights significant gains in living standards, showcasing various increases in average income, emphasizing the importance of economic health.