The objective of this course is to provide the participants with the essential macroeconomic knowledge and skills that are relevant for business success. By the end of this course, the participants will be able to:

Identify and explain the key concepts and principles of macroeconomics, such as GDP, CPI, unemployment rate, aggregate demand, aggregate supply, etc.
Apply the macroeconomic way of thinking to analyze the behavior and decisions of households, firms, governments, and central banks in the aggregate economy
Understand the different types of macroeconomic models, such as classical model, Keynesian model, IS-LM model, AD-AS model, etc., and their assumptions and implications
Recognize the role and impact of macroeconomic policies, such as fiscal policy, monetary policy, exchange rate policy, etc., on business outcomes and welfare
Evaluate the benefits and costs of various macroeconomic issues, such as growth, inflation, unemployment, business cycles, etc., for business

This course is designed for professionals who want to learn or refresh their knowledge of macroeconomics and its relevance to business. It is suitable for anyone who works in or interacts with the business sector, such as managers, entrepreneurs, consultants, analysts, marketers, accountants, lawyers, etc.

• Taking this course will help the participants to:
• Develop a solid foundation and understanding of macroeconomics and its importance for business
• Enhance their critical thinking and problem-solving skills
• Improve their decision-making and strategic planning abilities
• Increase their awareness and appreciation of the macroeconomic environment and its challenges and opportunities for business
• Develop their confidence and competence in applying macroeconomic concepts and tools to real-world business situations

Day One:

Introduction to Macroeconomics and National Income Accounting

What is macroeconomics and why is it important for business?
The macroeconomic problem: scarcity, choice, and opportunity cost
The macroeconomic way of thinking: circular flow, aggregate variables, and ceteris paribus
The concept of national income accounting: definition, methods, and limitations
The measurement of national income: GDP vs GNP vs NNP vs NI vs PI vs DI
Day Two:

Macroeconomic Indicators: How They Measure Economic Performance

What are macroeconomic indicators and how do they measure economic performance?
The concept of macroeconomic indicators: definition, types, and functions
The types of macroeconomic indicators: output indicators vs price indicators vs labor indicators vs etc.
The examples of output indicators: GDP growth rate vs GDP per capita vs GDP deflator vs etc.
The examples of price indicators: CPI vs PPI vs inflation rate vs etc.

Day Three:

Macroeconomic Models: How They Explain Economic Behavior

What are macroeconomic models and how do they explain economic behavior?
The concept of macroeconomic models: definition, objectives, and features
The types of macroeconomic models: classical model vs Keynesian model vs IS-LM model vs AD-AS model vs etc.
The assumptions and implications of different types of models: equilibrium vs disequilibrium vs short-run vs long-run vs etc.
The comparison of different types of models: strengths vs weaknesses vs applicability vs etc.
Day Four:

Macroeconomic Policies: How They Influence Economic Outcomes

What are macroeconomic policies and how do they influence economic outcomes?
The concept of macroeconomic policies: definition, objectives, and features
The types of macroeconomic policies: fiscal policy vs monetary policy vs exchange rate policy vs etc.
The effects of different types of policies on economic outcomes: output vs price level vs interest rate vs exchange rate vs etc.
The evaluation of different types of policies: effectiveness vs efficiency vs equity vs ethics
Day Five:

Macroeconomic Issues: How They Impact Business Decisions

What are some important macroeconomic issues and how do they impact business decisions?
The concept of macroeconomic issues: definition, objectives, and features
The examples of macroeconomic issues: growth vs inflation vs unemployment vs business cycles vs etc.
The role and impact of macroeconomic issues on business functions: strategy, marketing, finance, human resources, etc.
The evaluation of macroeconomic issues: profitability, risk, sustainability, responsibility, etc.

To enhance learning and practical application of concepts, the training course will use a combination of interactive lectures, case studies, group discussions, practical exercises, and real-world examples. Participants will also get the chance to collaborate on group projects and create action plans adapted to the needs of their respective organizations.