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- Payment Terms: Enquire
- Duration / Course length: 5 Days
- Starting Date: Enquire About It
- Timings: Enquire
Course details
OverviewThis 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
Job roles this course is suitable for:
Economists , Financial , Analyst , Policy , Makers , Data , ScientistsAbout London Training For Excellence
Empowering Professionals for Over a Decade
London Training for Excellence is a leading provider of professional development programmes, established in 2013. For over eleven years, we have been committed to equipping individuals and organisations with the skills and knowledge they need to excel in today's ever-evolving business landscape.
A Breadth of Expertise
We offer a comprehensive range of training solutions across a diverse set of industries, including:
- Artificial Intelligence (AI): Stay ahead of the curve with cutting-edge training on AI applications, machine learning and data analysis.
- Contact Management: Learn best practices for building and nurturing relationships, managing communication workflows and leveraging technology to optimise your outreach efforts.
- Engineering: Enhance your technical expertise and stay current with the latest advancements in various engineering fields.
- Finance and Legal: Gain a deep understanding of financial concepts, legal frameworks and compliance requirements.
- Human Resources: Navigate the complexities of HR practices, from recruitment and onboarding to employee relations and performance management.
- Leadership and Management: Develop your leadership skills, communication techniques and team-building strategies.
- Logistics: Optimise your supply chain operations and ensure efficient delivery of goods and services.
- Marketing and Sales: Develop effective marketing strategies, hone your sales skills and drive business growth.
- Oil and Gas: Gain specialised knowledge and skills relevant to the oil and gas industry.
- Project Management: Master the art of project planning, execution and delivery to ensure successful project outcomes.
Our Approach
At London Training for Excellence, we believe in delivering high-quality, interactive training programmes that cater to diverse learning styles. Our experienced instructors are industry experts who combine theoretical knowledge with practical application.
Flexible Learning Solutions
We understand that busy professionals require flexible learning options. We offer a variety of delivery methods to suit your needs, including:
- In-person training: provides more significant face-to-face interaction. In a classroom setting, attendees can connect in real-time. In-person training also offers more opportunities for group activities and interactive projects.
- Online Courses: Our comprehensive online courses allow you to learn comfortably in your working environment.
- In-Company Training: Tailor training programmes specifically for your organisation's needs and deliver them on-site for maximum impact and employee convenience.
Investing in Your Success
By investing in training and development with London Training for Excellence, you will gain the knowledge and skills necessary to achieve your professional goals and contribute to the success of your organisation.
Contact Us Today
Let London Training for Excellence help you unlock your full potential and drive positive organisational change. Contact us today to discuss your training needs and explore how we can empower your workforce for the future.
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