Course Information

Course No:  716222

Course Name:  Understanding the Economy

Field of Study:    Economics

Course Description:  

Understanding the economy and coping with the economic environment is critical in today's business performance, which is a major concern for managers and investors. The course will address macro-economic factors that may affect the performance of the business. Macro-economic factors include business cycles, interest rates, economic policy, inflation, unemployment, housing starts, money supply, and foreign exchange rates. For example, how the Fed's monetary policy affects corporate earnings is stressed. A variety of economic statistics and indicators are also explained in depth.

Learning objectives: After completing this section, you should be able to:

  • Identify economic trends and indicators.
  • Recognize sources of economic data/variables to be analyzed.
  • Distinguish between the private and public sector of the economy.
  • Recognize elements of economic systems.
  • Identify the goals of economic policies.
  • Recognize the relationship between economic decisions and marginal measures.
  • Identify different economic concepts and decisions.
  • Identify economic issues of unemployment and inflation.
  • Recognize the factors of unemployment and the business cycle.
  • Recognize key elements in the money supply.
  • Identify different measures of GDP.
  • Recognize equilibrium outputs and income and natural interest rates.
  • Identify the components of investment.
  • Recognize and calculate the marginal propensity to save.
  • Recognize the elements of fiscal policy and the components of aggregate demand.
  • Recognize the primary function of money and the role of financial institutions.
  • Identify the role of the interest rates and the money supply.
  • Recognize the relationship between investment and interest rates.
  • Recognize the value of the Phillips curve and its application to monetary policy for price stability and employment.
  • Identify the cause of stagflation and some potential solutions.
  • Recognize some key attributes of the international trade and the foreign exchange market.
  • Calculate exchange rates.
  • Recognize monetarism theory and Keynesian economics.

Course Material: Online Material

Program level: Basic

Prerequisites: Basic Math

Advance preparation: None

Type of delivery method: QAS Self-study

Recommended CPE credits:   8.0

Final examination expiration date:   The program participant will have one year from the date of purchase to complete the course and final examination.



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