- 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.
Skill Level Intermediate
- Economics is more than just a stream of government data that keeps business television exciting. For business leaders, economic data and reports are powerful tools that inform important strategic decisions. Like how to plan for costs and revenues in the year ahead, when the best time is to make important business investments, and what the long-term global strategy of a business should be. To be seen as a business leader, you have to know about the most important economic data, reports and topics that often dominate the conversation in the C-suite. But you don't need to be an economist. And the most important economic information that helps leaders make decisions often has very little to do with math formulas or academic theories. But you can't be ignorant of the economic world around you that will determine the fate of your business. I'm Jason Schenker. Join me on LinkedIn Learning, where I'll help you use economic data to make important business decisions that will set your company and your career in the right direction.