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1 March 2000
ECONOMICS FOR THE REAL WORLD: understanding economic data
This course addresses the key economic principles that underpin business and
government. It interprets the jargon and clarifies the issues in order to
make economic theory relevant to business activity. This is a course for
those who lack the time for a conventional course but need an understanding
of how economic data is compiled and used.
Course outcomes
* understand key economic principles
* interpret the relationship between economic theory and business
activity
* understand economic data sources and applications
course leader: Christopher Murphy
programme:
9.15 Registration and coffee
9.30 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
10.00 How big is 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
10.30 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
11.00 Coffee
11.15 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
11.45 Personal sector
* disposable income, consumer spending, savings ratio, personal
indebtedness, consumer confidence
12.15 Corporate sector
* profits, dividends, sectoral analysis - industrial & commercial
companies, financial institutions, company formations and failures, business
confidence
12.45 Lunch
13.45 Prices
* retail prices - the various measures, EU's Harmonised Price Index,
producer prices, commodity prices, price deflators
14.15 Labour market
* employment, unemployment, vacancies, hours worked, wages & earnings,
unit labour costs
14.45 Foreign trade and payments
* imports, exports, trade balances, terms of trade balance of payments
- current & capital accounts, official reserves, external debts and assets
15.15 Tea
15.30 Money and financial markets
* interest rates, money supply - narrow & broad measures, exchange
rates - nominal & effective, bond & equity markets - prices & yields
16.15 Close
course fee:
£265 + VAT (£311.38) includes buffet lunch and refreshments. Please make
cheques payable to TFPL Ltd. For further information please visit our web
site www.tfpl.com or contact me at the below address
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immediately.
____________________________________________________________________
Sian Chalke, Events Executive - Professional Development Division
Email [log in to unmask] Web http://www.tfpl.com
TFPL Ltd
17-18 Britton Street, London EC1M 5TL
Tel +44 (0)20 7 251 5522 Fax +44 (0)20 7 490 4984
In USA: TFPL Inc., 55 Broad Street, #20c New York, NY10004
Tel +1 212 269 4666 Fax +1 212 269 2777
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