FINANCIAL MARKET COURSES
Japanese Equity Market
Receivable Finance (New)
Lending - An Introduction
The Lending Cycle
Commodities - An Introduction (Revised)
Commodities - Trading (New)
Commodities - Livestock (New)
Commodities - Softs (New)
Primer – MiFID II/MiFIR (New)
Understanding Private Wealth Management Business
Private Wealth Management Products & Services
Primer – Smart Beta (New)
Available on iPad and Android tablets as well as desktop
Macroeconomics - Gross Domestic Product (GDP)
Gross domestic product, or GDP for short, is the most widely used indicator of economic activity. It holds extraordinary importance in terms of measuring the health of an economy, and is frequently quoted even in mainstream media.
This course describes how GDP can be measured, using the expenditure, income, and production approaches. It shows how to calculate real GDP from nominal GDP figures, and outlines the chain-weighted technique now adopted in many countries for measuring real GDP. The course also explains the Theory of Income Determination, which focuses on the most important factors that determine the level of GDP.
On completion of this course, you will be able to:
• Measure GDP using three different approaches (expenditure, income, and production), and distinguish between real and nominal GDP
• Describe the factors that determine the level of GDP as outlined by the Theory of Income Determination
• Determine the effect on GDP of changes in the marginal propensity to consume, the rate of taxation, and the marginal propensity to import
Topic 1: Fundamentals of GDP
• What is GDP?
• Why are Intermediate Goods Excluded?
• Measuring GDP as Expenditure
• GDP Identify
• Measuring GDP as Income
• Measuring GDP as Production
• Nominal and Real GDP – Example
• Chain-weighted Real GDP
• Importance of GDP
• Criticisms of GDP
Topic 2: The Theory of Income Determination
• Explaining the Level of GDP
• Equilibrium GDP
• How does the Economy Reach Equilibrium GDP?
• Changes in Equilibrium GDP
• The Multiplier Effect
Topic 3: The GDP Multiplier
• What is the Multiplier?
• Why is the Multiplier >1?
• What Determines the Size of the Multiplier?
o Marginal Propensity to Consume (MPC)
o Average Rate of Tax on Incomes (t)
• Effect of Imports on the Multiplier
No prior knowledge is assumed for this course.
ESTIMATED COMPLETED TIME
Macroeconomics – Monetary Policy
This course explains the fundamentals of monetary policy, the instruments used by central bankers to implement it, and how its effects seep through to the entire economy.
Intuition engages with over 30 accreditation bodies to ensure Know-How can be used for CPE credits. If your organization needs CPE from a body not listed below, contact us and we will endeavour to have them included.
© Copyright 2016 by Intuition. All Rights Reserved.