Course Description
This course introduces to students the major economic indicators and their use in describing the state of an economy. It studies how economic indicators are measured, how they behave under different economic environments, what they tell and how different decision makers, including the government, business, investors, and consumers, make decisions based on economic indicators.
Topics include: introduction; economic growth and business cycle; economic indicators in the areas of production, employment, consumption, investment, price and wage, money and interest rate, financial market, government, balance of payment, exchange rate; decision making and economic indicators; economic derivatives.
Intended Learning Outcomes
CILO-1: Identify economic indicators relevant to individual and aggregate economic activities.
CILO-2: Describe the measurement and release of economic indicators.
CILO-3: Explain the general behavior of economic indicators.
CILO-4: Apply economic indicators in analyses of economic problems, predictions of economic outcomes, and decisions of consumers, producers, and government.