Economics for the Real World: Understanding Economic Data - NEW

Dates: 30 September 2008, 09.30 - 16.30

Programme Features:

• A skeleton key to common economic concepts
  • * volume and value measures, nominal and real rates of change, weighted indices, seasonally adjusted indicators, trends and cycles, stocks and flows, current and capital expenditures
• How big's the nation’s cake?
  • * measuring the national income: GDP versus GNP; income, output and expenditure measures; per capital income, real GDP, other ways of assessing relative economic prosperity, purchasing power parities
• Baking and cutting the cake
  • * components of national income: government spending, private consumption, fixed investment, imports and exports; sectoral composition – services, industry, manufacturing and agriculture; distribution of income – wages, profits, rents, measures of income/wealth inequality
• Public finances
  • * public expenditure – programme and outcome spending, spending by central government, local authorities and public corporations; taxation – principal types of revenue raising; budget balance, the National Debt
• Personal sector
  • * disposable income, consumer spending, savings ratio, personal indebtedness, consumer confidence
• Corporate sector
  • * profits, dividends, sectoral analysis – industrial & commercial companies, financial institutions, company formations and failures, business confidence
• Prices
  • * retail prices – the various measures, EU’s Harmonised Price Index, producer prices, commodity prices, price deflators
• Labour market
  • * employment, unemployment, vacancies, hours worked, wages & earnings, unit labour costs
• Foreign trade and payments
  • * imports, exports, trade balances, terms of trade balance of payments – current & capital accounts, official reserves, external debts and assets
• Money and financial markets
  • * interest rates, money supply – narrow & broad measures, exchange rates – nominal & effective, bond & equity markets – prices & yields

Please see site for details -
http://www.aslib.com/training/1/05.html

PROGRAMME

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