Understanding the Economy
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 addresses macro-economic factors that may affect a business’s performance. 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.

Course Publication Date: December 29, 2022

This course is available with NO ADDITIONAL FEE if you have an active self study membership or all access membership or can be purchased for $80.00!

Author:Delta CPE
Course No:ECON-ECON-40062
Recommended CPE:8.00
Delivery Method:QAS Self Study
Level of Knowledge:Basic
Advanced Preparation:None
Recommended Field of Study:Economics
Learning Objectives
  • 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 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 international trade and the foreign exchange market.
  • Calculate exchange rates.
  • Recognize monetarism theory and Keynesian economics.

CPE Depot Inc. is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.nasbaregistry.org.

Sponsor Number: 109423


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