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Methods and Skills for Calculating Economic Indicators

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  • Overview ImageOverview
  • Outline ImageCourse Outline
  • Scheduled ImageScheduled Dates

Overview ImageCourse 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.

 

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Overview ImageCourse Outline

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 Utilization

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
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Overview ImageSchedule & Fees

3 For 2Offer

Get the most out of group training with our special discount! Register 3 of your participants together on the same course and only pay for 2.

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Location

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  • London london icon

Date: 28 Jul - 01 Aug 2025

Duration: 5 Days

Venue: London

Price: $5,300

youtubeRegister Now

Date: 10 - 14 Nov 2025

Duration: 5 Days

Venue: London

Price: $5,300

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Methods and Skills for Calculating Economic Indicators

Methods and Skills for Calculating Economic Indicators

Date: 28 Jul - 01 Aug 2025
Duration: 5 Days
Venue: London
Price: $ 5,300
youtube Register & Checkout
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Methods and Skills for Calculating Economic Indicators

  • United KingdomLondon
  • calendar28 Jul - 01 Aug 2025
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Methods and Skills for Calculating Economic Indicators

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  • United KingdomLondon
  • 28 Jul - 01 Aug 2025
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