Economic Indicators

2 Credits: Economics


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Economic Indicators

Course Level
CPE Credits

2 Credits: Economics

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.

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Learning Objectives

Upon successful completion of this course, participants will be able to:

  • 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.
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Course Specifics

Course ID
Revision Date
November 30, 2023

There are no prerequisites.

Advanced Preparation


Number of Pages

Compliance Information

NASBA Provider Number: 103220

CMA Notice: Western CPE makes every attempt to maintain our CMA CPE library, to ensure a course meets your continuing education requirements please visit Insitute of Management Accountants (IMA)

CFP Notice: Not all courses that qualify for CFP® credit are registered by Western CPE. If a course does not have a CFP registration number in the compliance section, the continuing education will need to be individually reported with the CFP Board. For more information on the reporting process, required documentation, processing fee, etc., contact the CFP Board. CFP Professionals must take each course in it’s entirety, the CFP Board DOES NOT accept partial credits for courses.

Meet The Experts

Steven M. Bragg, CPA, is a full-time book and course author who has written more than 300 business books and courses. He provides Western CPE with self-study courses in the areas of accounting and finance, with an emphasis on the practical application of accounting standards and management techniques. A sampling of his courses include the The New Controller Guidebook, The GAAP Guidebook, Accountants’ Guidebook, and Closing the Books: An Accountant’s Guide. He also manages the Accounting Best Practices podcast. Steven has been the CFO or controller of both public and private companies and has been a consulting manager with Ernst & Young and …