Economics for Business Leaders

Economics for Business Leaders

49mIntermediate2020-09-15

Authors

Jason Schenker

Jason Schenker

Economist, Finance Expert, Futurist, Speaker, and Author

Course details

Learn how business leaders and executives use the most important economic data and reports when making strategic decisions. In this course, economics and finance expert Jason Schenker explores over a dozen critical data series and reports to watch closely when making planning, investment, and long-term strategic management decisions. Learn how to read and monitor reports about GDP, inflation, jobs, retail sales, and more. Plus, see how economic changes have short- and long-term impacts on the way you do business. Jason also explains how to track government spending and policies, Fed decisions, and other critical data that leaders use to keep up with changing economic conditions. Armed with the knowledge gained from this course, business leaders will be equipped to discuss how economic data, events, and policies have real-world business implications. This course can also help learners make better business decisions and lead their companies—and careers—in the right direction.

Topics include:
Explain the relationships between types of economic data and decision-making.
Describe how to deduce impacts from economic data.
Define the components of GDP.
Explain the significance of inflation in business.
Describe the relationships between inflation, wages, and unemployment.
Explain the role of the Fed in lending and the business climate.
Describe how to assess imminent risks in the credit system.
Explain how demographic data can be used to make business decisions.

Skills covered

Corporate FinanceFinance and AccountingPersona

Concepts

Introduction

  • How the economy impacts your business

Strategic Planning

  • Economics as a decision-making guide
  • Articulating economic impacts

The Most Important Economic Growth Indicators

  • Using economics jobs data
  • Breaking down GDP
  • Using retail sales data
  • The importance of consumer and business confidence

The Most Important Cost Reports

  • The costs and benefits of consumer inflation
  • Producer inflation impacts on corporate profits
  • Wage inflation impacts on business

The Most Important Policy Reports

  • Tracking Fed decisions
  • Taxes and government spending
  • The IMF and key policy signals
  • Watch the OCC and FDIC for critical warnings

Other Critical Data

  • Demographics and future economic outlooks
  • Making comparisons
  • Game theory and optimization

Conclusion

  • Keeping your finger on the pulse
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