This comprehensive course is designed for professionals seeking a deeper understanding of the macro-economic factors that shape business performance. By exploring key areas such as business cycles, inflation, and foreign exchange rates, participants will benefit from a detailed analysis of how these factors influence the business environment. The course highlights features like the impact of the Fed's monetary policy on corporate earnings and offers a thorough explanation of various economic indicators. The benefits of this course extend beyond basic understanding; it equips professionals with the ability to analyze economic data, understand public and private sector dynamics, and comprehend the intricacies of economic policies. With this knowledge, participants will be better positioned to make strategic decisions and forecasts in an economically diverse environment.
Learning Objectives
After studying this course you will be able to:
Identify economic trends and indicators.
Recognize sources of economic data/variables to be analyzed.
Distinguish between the private and public sector of the economy.
Recognize elements of economic systems.
Identify the goals of economic policies.
Recognize the relationship between economic decisions and marginal measures.
Identify different economic concepts and decisions.
Identify economic issues of unemployment and inflation.
Recognize the factors of unemployment and the business cycle.
Recognize key elements in the money supply.
Identify different measures of GDP.
Recognize equilibrium outputs and income and natural interest rates.
Identify the components of investment.
Recognize and calculate the marginal propensity to save.
Recognize the elements of fiscal policy and the components of aggregate demand.
Recognize the primary function of money and the role of financial institutions.
Identify the role of interest rates and the money supply.
Recognize the relationship between investment and interest rates.
Recognize the value of the Phillips curve and its application to monetary policy for price stability and employment.
Identify the cause of stagflation and some potential solutions.
Recognize some key attributes of international trade and the foreign exchange market.
Calculate exchange rates.
Recognize monetarism theory and Keynesian economics.
Major Topics
Understanding Economic Data and Indicators
Microeconomincs and Macroeconomics
Private and Public Sectors
Economic systems and policy
Basic concepts-supply and demand
Inflation and Deflation
Unemployment and Full Employment
Measuring Economic Activity
Investment
Net Exports
Money, Financial Markets and the Banking System
Income and Interest Rates
Tools for Monetary Policy
Aggregate Supply and Demand: Equilibrium
Gains and Trade
Supply Side Economics
