Economic Indicators (CPE Course)

CPE Credit: 2.5 hours

Course Type: Downloaded PDF materials with online test

Price (with PDF Textbook): $30

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Course Description
During uncertain times, it is critical to gain an understanding of what is most likely to happen to the economy. This is an essential part of the business planning process. In the Economic Indicators course, we explore the nature of the business cycle and delve into the different types of economic indicators, including those related to labor, retail sales, expenditures, housing, manufacturing, inflation, and consumer confidence. The course also provides extensive coverage of the reports issued by the Federal Reserve. This course is the ideal tool for enhancing the reliability of your planning process.

Author: Steven Bragg

Course Number: EC0001

Learning Objectives

  • Recognize the government agencies involved in the creation of economic indicators.

  • Specify the advantages and disadvantages of the gross domestic product concept.

  • Identify the different types of economic indicators.

  • Recognize the contents of the various reports about the economy issued by U.S. government agencies.

  • Identify the different types of discretionary spending by consumers.

  • Specify the source and uses of the inventories to sales ratio.

  • Recognize the issues associated with the Consumer Price Index.

  • Identify the types of commodities that can be used as economic indicators.

  • Recognize the economic indicators that can give advance notice of price and inflation changes.

  • Specify the components of the Misery Index.

  • Identify the different economy-related reports issued by the Federal Reserve Board.

  • Recognize which indicators do the best job of giving advance notice of the future state of the economy.

Level: Overview

Instructional Method: QAS Self-Study

NASBA Category: Economics

Prerequisites: None

Advance Preparation: None

Latest Review Date: March 2023

Program Registration Requirements: Click on "Purchase Course" near the top of this page to pay for and access the course. You will then be able to download the course as a PDF file, then take an on-line examination, and then download a certificate of completion if you pass the examination.

Program Refund Policy: For more information regarding administrative policies concerning complaints, refunds, and other matters, see our policies page.

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AccountingTools, 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 the 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.

The NASBA sponsor identification number for Accountingtools, Inc. is 115881.

AccountingTools is an IRS Approved Continuing Education Provider. We are compliant with the requirements for continuing education providers (as described in sections 10.6 and 10.9 of the Department of Treasury’s Circular No. 230 and in other IRS guidance, forms, and instructions). Our IRS Approved Continuing Education Provider number is 72821.