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Methods and Skills for Calculating Economic Indicators

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  • Overview ImageOverview
  • Outline ImageCourse Outline
  • Scheduled ImageScheduled Dates

Course 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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Course 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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Schedule & 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.

Select Month

  • All
  • January
  • July
  • November

Location

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  • Amsterdam amsterdam icon
  • London london icon
Amsterdam

Amsterdam

$5,300


Duration: 5 Days

date: 06 - 10 Jan 2025

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London

London

$4,900


Duration: 5 Days

date: 07 - 11 Jul 2025

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London

London

$4,900


Duration: 5 Days

date: 03 - 07 Nov 2025

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  • Finance and Accounting

Methods and Skills for Calculating Economic Indicators

Duration:5 Days

date:03 - 07 Nov 2025

London

London

$4,900


youtube Register & Checkout OR

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Frequently Asked Questions

How can training courses be used as a company benefit?

Training is hugely beneficial to both yourself and your company. It enables you to employ new technologies, increases your productivity and enables you to be more autonomous. Have a look here at our infographic on the importance of training and development!

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Our course content is constantly reviewed and updated to ensure we stay up to date with all the latest trends. After every course is completed we review the feedback and improve the material where necessary.

Do you keep your classroom environment and instructional methodologies current with today’s real-world workplace?

Yes, we focus our training on ‘real-world’ scenarios and our trainers are all highly experienced and skilled in their relevant fields.

Are your courses eligible for professional certification?

Yes, we offer certification with all our courses, every course is entitled to CPD (Continuous Professional Development) hours which you can put towards your professional portfolio.

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Methods and Skills for Calculating Economic Indicators

  • United KingdomLondon
  • calendar03 - 07 Nov 2025
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  • United KingdomLondon
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