London Training For Excellence Methods and Skills for Calculating Economic Indicators London Training For Excellence
Price: EUR 4,625
Instructor led live virtual classroom online. Classes may be individual or in group.

    Course details

    Overview
    This course gives participants a comprehensive understanding of the methods and skills required to calculate key economic indicators. By exploring data sources methodologies and hands-on exercises attendees will gain insights into interpreting and applying these indicators in various economic contexts.

    Upon completion participants will have the techniques and tools to interpret and forecast based on primary economic indicators. This knowledge will be invaluable for informed decision-making in various sectors from policy-making to financial investments.

    Objective
    • Understand the foundational concepts behind economic indicators.
    • Recognise the various sources of data and their reliability.
    • Acquire skills to calculate primary economic indicators.
    • Analyse the real-world implications of shifts in these indicators.
    • Develop the capability to forecast future economic trends based on indicators.
    • Computer information systems and their role in the calculation of economic indicators.
    • Examples and cases of practical ways of calculating the economic indicators.

    Who Should Attend
    • Economists
    • Economic Researchers
    • Financial Analysts
    • Policy Makers
    • Data Scientists interested in economic data
    • Students studying economics or finance

    Course Outlines
    Day 1: Introduction to Economic Indicators
    • Understanding the role of economic indicators in economic analysis
    • Classification of economic indicators: Leading lagging and coincident
    • Key data sources and their reliability
    • Introduction to national accounts

    Day 2: Output-Related Indicators
    • Gross Domestic Product (GDP): Calculation methods (Expenditure Income Production)
    • Gross National Product (GNP) and Net National Product (NNP)
    • Real vs. Nominal GDP
    • Industrial Production and Capacity Utilisation

    Day 3: Labor Market Indicators
    • Unemployment rate: Definition and measurement
    • Labor force participation rate and employment-population ratio
    • Wage growth and productivity measures
    • Case Study: Analysing unemployment trends in different economies

    Day 4: Price-Related and Investment Indicators
    • Consumer Price Index (CPI): Calculation and implications
    • Producer Price Index (PPI) and Wholesale Price Index (WPI)
    • Inflation rate and deflation: Causes and impacts
    • Interest rates: Real vs. Nominal their calculation and economic implications
    • Foreign Direct Investment (FDI) trends and calculations

    Day 5: Trade Balance of Payments and Forecasting
    • Trade balance: Calculating exports and imports
    • Balance of Payments: Current account capital account and financial account
    • Exchange rates and their economic implications
    • Introduction to forecasting: Using economic indicators to predict future trends
    Updated on 08 August, 2024

    Job roles this course is suitable for:

    Economists , Financial , Analyst , Policy , Makers , Data , Scientists

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