Economic Tips for Everyone

Course details

Learn about the economy around you and its implications for your job, business, and career. Economist Jason Schenker offers practical tips to help you stay ahead of the economy and capture upside opportunities during periods of growth as well as during an economic downturn. Jason explains the difference between academic economics and business economics, then shows you how to use widely available economic data to identify important economic trends with strategic business implications. Jason shares best practices to help you analyze data while avoiding common data problems. Financial markets often move in relation to each other, and Jason helps you understand why. He then addresses important issues about global debt, monetary policy, and currencies, including the role of the dollar and the prospects for its replacement. Jason shows you the importance of housing in the economy, including housing opportunities and risks in an economic downturn.

Topics include:
Describe the components of a good forecast model.
Explain the instances in which SAAR is used.
Identify the appropriate computer program for performing economic analysis based on business needs.
Review the concept of historical revisions in economic data.
Relate technical trading to the way in which equity and debt are traded.
Define the economic reality in quantitative easing, as used by central banks.

Concepts

0. Introduction

01 - The economy around you

1. Basic Concepts

02 - Academic versus business economics
03 - Economics and the 80 20 rule
04 - The only calculus concept you ever need
05 - Forecast models
06 - Variables and forecast models
07 - Correlation is not causation
08 - Economics data frequency
09 - Markets are interrelated

2. Common Data Issues

10 - The economic importance of consistency with currency data
11 - Percentages and levels in economic data
12 - Adjusted data
13 - SAAR
14 - Time and collection differences in economic data
15 - Creating good economic data
16 - Being too certain in your forecasts
17 - Choosing the right data analysis program

3. Economic Data and Reports

18 - Economic reports
19 - Benefits and problems with government data
20 - Secret sources for economic data info

4. Markets

21 - Commodities are bought and not sold
22 - Legal and illegal insider trading
23 - Technical trading

5. The Dollar and Monetary Policy

24 - Currency markets and values
25 - Reserve currencies
26 - Why dollars
27 - What is seigniorage
28 - Cryptocurrencies
29 - Quantiative easing
30 - Devaluing currency
31 - Central bank policy and economics strategy
32 - Government debt
33 - Debt to GDP
34 - LIBOR and SOFR

6. The Importance of Housing on Economics

35 - The importance of housing for the economy
36 - Delinquencies and foreclosures
37 - What is a housing crisis
38 - How to respond to a housing crisis
39 - Opportunities in a housing crisis
40 - After the housing crisis

Conclusion

41 - Takeaways and more resources