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JWI 515: Managerial Economics
Week 2 Lecture Notes
Economic Indicators
What It Means
In this lecture, you will learn about economic indicators and gain an understanding of the
benefits they offer you as a business leader. Economic indicators are data items that help
you follow business trends and predict upcoming business opportunities and challenges.
You can examine a wide range of economic indicators, since they are published regularly
on government agency websites and other sources. The available data includes indicators
for your industry, your state, the national economy, and for many other countries.
At certain times, the business environment changes in a significant way that impacts your
company and your industry. You will learn how economic indicators can help you identify
when these changes in the business environment are taking place. In addition, by tracking
economic data over time and identifying trends, you can predict certain changes in the
marketplace ahead of time. By learning how to “read” the data in this way, the best leaders
make use of economic indicators as a tool to guide their business decisions and plans.
Why It Matters

Economic indicators provide evidence of changes in the business environment

A wide range of historical and current economic data is freely available online

Leaders who identify and predict business trends make more well-informed and
effective business decisions
“Economics can be used to understand and predict the decisions people and
other economic entities (e.g., businesses, governments) make.”
Frakt & Piper
© Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information and may not be
copied, further distributed, or otherwise disclosed, in whole or in part, without the expressed written permission of Strayer University.
JWI 515 – Week 2 Lecture Notes (1202)
Page 1 of 5
JWI 515: Managerial Economics
Week 2 Lecture Notes
ECONOMIC INDICATORS
What are Economic Indicators?
An economic indicator is a piece of data that helps you interpret or predict business and
investment opportunities. It is a gauge of the current or future health of the economy and,
most importantly, it can be tracked over time. By observing how various economic
indicators change over time, business leaders can identify how many aspects of the
economy are changing. By understanding those changes, and how they affect you, your
business, and your nation, you can take advantage of upcoming changes to position
yourself and your business concerns to grow and prosper. Understanding economic
indicators is the key to making good, strategic decisions for your business before or during
a change in the economy.
A wide range of economic indicators are collected and published by government agencies
and other bodies and these indicators can be viewed free of charge by members of the
public. In the United States, the Department of Commerce and the Department of Labor are
two government agencies that track and publish key indicators, such as Gross Domestic
Product (GDP) and unemployment rates, at both the federal and state level. Some
international indicators can be found on government websites, but a larger collection of
international data is available on Trading Economics, a privately run website that collects
international business data from respected sources and aggregates it in one place.
Why Follow Economic Indicators?
Why are economic indicators important for you and your business? Why should a leader in
business care about them? To understand this, let’s look at a real-world example. Imagine
you need a business loan for your small business. If you drove to your bank to speak to a
representative about that loan, and there was a sign at the bank that announced, “Interest
rates will fall next month,” what would you do? Any savvy business owner would probably
consider waiting until next month to get the more favorable rate. That would be the most
beneficial decision for your business.
© Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information and may not be
copied, further distributed, or otherwise disclosed, in whole or in part, without the expressed written permission of Strayer University.
JWI 515 – Week 2 Lecture Notes (1202)
Page 2 of 5
JWI 515: Managerial Economics
Week 2 Lecture Notes
Of course, banks do not post signs about their plans for future interest rates but, if you
understand how the economy works, you are better able to anticipate significant turning
points in the economic situation for your industry. An understanding of where the economy
is going can help you position yourself and your company to launch successful new
initiatives, make smart capital investments, and compete effectively in your business sector.
As an informed leader, you need to know how to follow key economic indicators and take
note of their upward and downward trends over time. By learning to interpret these signs,
you can identify the best way forward in a fast-changing economy.
Critical decisions are made at times called inflection points. An inflection point in
mathematics is the point on a curve at which a change in the direction of curvature occurs.
In the world of business, an inflection point is the turning point in an economic situation. If
you, as a manager and leader, can learn to anticipate inflection points, you can make
decisions that benefit your team and your company. This is true in the operation of your
business and it is also true at the national level, as governments decide how to address
countrywide economic issues.
Who Uses Economic Indicators?
Economic indicators were first published for government leaders who needed a better
understanding of the country’s current economic condition. However, economic data can be
useful in a wide variety of professions and for multiple purposes. Here are some examples
of people who follow economic indicators, with an explanation in each case of how they
use the information obtained from them:

Investors use economic indicators to fine-tune their investment strategies, improve
buying and selling decisions, and match asset allocation decisions to the economic
cycle.

Business leaders use economic indicators to make better hiring decisions, match
inventories to the business cycle, improve business forecasts, and evaluate new
business opportunities based on current economic conditions.
© Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information and may not be
copied, further distributed, or otherwise disclosed, in whole or in part, without the expressed written permission of Strayer University.
JWI 515 – Week 2 Lecture Notes (1202)
Page 3 of 5
JWI 515: Managerial Economics
Week 2 Lecture Notes

Purchasing managers use economic indicators to forecast prices for raw materials
and to negotiate longer-term pricing agreements during periods of economic
slowdown, when raw material prices tend to be the lowest.

Policy analysts use economic indicators to guide them as they design economically
sensitive policy decisions and design regulations for various business sectors and
markets.

Small business owners use economic indicators to inform their plans for
establishing and growing their business and to help them in their search for
investors to support their new ventures.

Business students use economic indicators to develop a thorough understanding
of business cycles and their implications for business strategy, so as to become
more valuable hires for potential future employers.
The Three Types of Economic Indicators
There are three types of economic indicators: leading, lagging, and coincidental. By
studying a combination of these, you will get a more rounded view of the economic outlook.

Leading indicators signal coming, future economic events. An increase in the
money supply can indicate a short-term drop in interest rates, for example, and a
possible rise over the long term.

Lagging indicators follow an economic event. A drop in unemployment measures
is a lagging indicator of an improving economy, for example.

Coincidental indicators happen at the same time as an economic event. Gross
Domestic Product (GDP) is an example of a coincidental indicator. It does not
predict anything, but it shows us whether the economy is healthy or unhealthy.
© Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information and may not be
copied, further distributed, or otherwise disclosed, in whole or in part, without the expressed written permission of Strayer University.
JWI 515 – Week 2 Lecture Notes (1202)
Page 4 of 5
JWI 515: Managerial Economics
Week 2 Lecture Notes
Which Economic Indicators Should I Follow?
The challenging aspect of using economic indicators is that you need to determine what
works for you, your industry, and your business. Every business is unique and thus there is
no standard economic indicator “dashboard” that will apply to all companies. There are so
many economic indicators that trying to follow them all would be an overwhelming task.
Therefore, economists and business leaders typically track just a few indicators, the ones
that are most relevant to their professional goals. There are some key indicators that many
executives and business leaders use to guide their business decisions and we will learn
about those major indicators over the next few weeks.
In this JWMI course, we provide a tool – the GUIDES Worksheet – to help you create a
collection of economic indicators for your company and your industry. You will submit your
completed worksheet as Assignment 1. To interpret the data you have collected, we
provide a template to help you make business recommendations based upon your findings
in Assignment 2. In this way, step by step, you will “learn the language” of economics and
see for yourself how useful the information found in economic indicators can be.
Looking Ahead
In this lecture, you learned about economic indicators, the data metrics that can be used to
understand and predict changes in the economy. You explored how and why this data is
valuable to you as a business leader. To complement your reading, this week you have
started gaining practical experience by using the GUIDES worksheet to collect economic
data related to your company and its industry.
Next week, the lecture takes a closer look at some of the key macroeconomic indicators:
GDP, Unemployment, Inflation, Interest Rates, and Exchange Rates. In addition, it explores
the broader issues of why businesses should make decisions that are based on real-world
data and considers how you as a leader can model and encourage a data-driven approach.
© Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information and may not be
copied, further distributed, or otherwise disclosed, in whole or in part, without the expressed written permission of Strayer University.
JWI 515 – Week 2 Lecture Notes (1202)
Page 5 of 5
JWI 515: Managerial Economics
Academic Submissions and Evaluation
Assignment 1: GUIDES Worksheet (Weight: 10%)
Due by Sunday, Midnight of Week 3
Overview
In Assignment 1, you will learn how to collect economic data, using Economic Indicators that are readily
available to consumers online. Economic Indicators are key statistics or metrics used to study the status
of the overall economy, industry segments, and specific companies. To help you learn how Economic
Indicators work, JWMI has created a worksheet, called GUIDES, which will take you step by step through
the process of collecting the data needed for Assignment 1.
You will use the worksheet provided in your course to research key economic information about TWO
countries: a target country that you select and your home country. The target country is a potential
overseas location for your current company (or a company of interest) to expand its business, either by
increasing the size of an existing division located there or by entering into a new market. For most
students, your home country is the United States, but for international students, it is your country of
residence. Exceptions are possible if you have a unique situation – contact your Professor.
Use your current company and its industry for context. If your company is not currently operating globally,
imagine that it is considering entry into one of the markets below. It is your task to assess the economic
conditions in relation to your company’s unique profile and needs, so as to assess whether expansion
into the potential overseas market makes sense for your business.
Choose ONE of the following countries as the target country for this assignment:

Bahrain

Mexico

Canada

Russia

Chile

South Africa

Ethiopia

South Korea

Germany

Thailand

Hungary

Turkey

Ireland

United Kingdom

Japan
© Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information and may not be copied,
further distributed, or otherwise disclosed, in whole or in part, without the expressed written permission of Strayer University.
JWI 515 – Assignment 1 (1202)
Page 1 of 4
JWI 515: Managerial Economics
Course Guide
Instructions
Download and save your GUIDES worksheet in Week 1. Complete the entries in the six sections of
the GUIDES worksheet during Weeks 2 and 3. All the required data can be found on the Trading
Economics or Doing Business websites (links below).
§
Access the Trading Economics website at
§
Access the Doing Business website at
TIP: To locate Economic Indicators not found on the Trading Economics website main landing page, click
the INDICATORS drop-down menu at the top of the page, to see the full list of available Indicators.
Week 1:
Download and save your GUIDES worksheet:
§ Review the instructions for Assignment 1
§ Download and save your GUIDES worksheet as an MS Word document
§
Use this format for your filename: LastName_FirstName_JWI515_GUIDES_Worksheet.docx
e.g. Doe_John_JWI515_ GUIDES_Worksheet.docx
Week 2:
Complete the following sections of the GUIDES worksheet:
o
o
o
Section G (GDP & Growth)
Section U (Unemployment & Utilization)
Section I (Inflation & Interest rates)
Week 3:
Complete the following sections of the GUIDES worksheet:
o
o
o
Section D (Debt & Deficits)
Section E (External balances & Exchange rates)
Section S (Savings & Investment)
Submit your completed GUIDES worksheet document (All Sections – G, U, I, D, E, and S) in Week 3.
© Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information and may not be
copied, further distributed, or otherwise disclosed, in whole or in part, without the expressed written permission of Strayer University.
JWI 515 – Assignment 1 (1202)
Page 2 of 4
JWI 515: Managerial Economics
Course Guide
RUBRIC: Assignment 1: GUIDES Worksheet
CRITERIA
1. Complete the
GUIDES
Worksheet:
Section G
Weight: 15%
2. Complete the
GUIDES
Worksheet:
Section U
Weight: 15%
3. Complete the
GUIDES
Worksheet:
Section I
Weight: 15%
Unsatisfactory
Low Pass
Pass
High Pass
Honors
Section G is not
submitted or the
data does not
reflect accurate
information. The
student
demonstrates no
understanding as
to whether or not
the Indicators are
representative of
Economic health.
Section G is
partially complete
and/or the
information is not
always accurate.
The student
demonstrates
minimal
understanding as
to whether or not
the Indicators are
representative of
Economic health.
Section G is
satisfactorily
complete. The
information is
mostly accurate.
The trend
description is
mostly adequate.
The student can
identify in a
majority of cases
whether or not the
Indicators are
representative of
Economic health.
Section G is
complete. The
information is
accurate. The trend
descriptions contain
mostly relevant,
helpful information.
The student is
mostly able to
accurately
determine whether
or not the Indicators
are representative of
Economic health.
Section G is
exemplarily completed.
The information is
accurate, complete,
and provides concise
details that accurately
describe the economic
trends. The student is
always – or almost
always – able to
accurately determine
whether or not the
Indicators are
representative of
Economic health.
Section U is not
submitted or the
data does not
reflect accurate
information. The
student
demonstrates no
understanding as
to whether or not
the Indicators are
representative of
Economic health
Section U is
partially complete
and/or the
information is not
always accurate.
The student
demonstrates
minimal
understanding as
to whether or not
the Indicators are
representative of
Economic health
Section U is
satisfactorily
complete. The
information is
mostly accurate.
The trend
description is
mostly adequate.
The student can
identify in a
majority of cases
whether or not the
Indicators are
representative of
Economic health.
Section U is
complete. The
information is
accurate. The trend
descriptions contain
mostly relevant,
helpful information.
The student is
mostly able to
accurately
determine whether
or not the Indicators
are representative of
Economic health
Section U is
exemplarily completed.
The information is
accurate, complete,
and provides concise
details that accurately
describe the economic
trends. The student is
always – or almost
always – able to
accurately determine
whether or not the
Indicators are
representative of
Economic health
Section I is not
submitted or the
data does not
reflect accurate
information. The
student
demonstrates no
understanding as
to whether or not
the Indicators are
representative of
Economic health.
Section I is
partially complete
and/or the
information is not
always accurate.
The student
demonstrates
minimal
understanding as
to whether or not
the Indicators are
representative of
Economic health.
Section I is
satisfactorily
complete. The
information is
mostly accurate.
The trend
description is
mostly adequate.
The student can
identify in a
majority of cases
whether or not the
Indicators are
representative of
Economic health.
Section I is
complete. The
information is
accurate. The trend
descriptions contain
mostly relevant,
helpful information.
The student is
mostly able to
accurately
determine whether
or not the Indicators
are representative of
Economic health.
Section I is exemplarily
completed. The
information is accurate,
complete, and provides
concise details that
accurately describe the
economic trends. The
student is almost
always able to
accurately determine
whether or not the
Indicators are
representative of
Economic health.
© Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information and may not be copied,
further distributed, or otherwise disclosed, in whole or in part, without the expressed written permission of Strayer University.
JWI 515 – Assignment 1 (1202)
Page 3 of 4
JWI 515: Managerial Economics
Course Guide
CRITERIA
4. Complete the
GUIDES
Worksheet:
Section D
Weight: 20%
5. Complete the
GUIDES
Worksheet:
Section E
Weight: 20%
6. Complete the
GUIDES
Worksheet:
Section S
Weight: 15%
Unsatisfactory
Low Pass
Pass
High Pass
Honors
Section D is not
submitted or the
data does not
reflect accurate
information. The
student
demonstrates no
understanding as
to whether or not
the Indicators are
representative of
Economic health.
Section D is
partially complete
and/or the
information is not
always accurate.
The student
demonstrates
minimal
understanding as
to whether or not
the Indicators are
representative of
Economic health.
Section D is
satisfactorily
complete. The
information is
mostly accurate.
The trend
description is
mostly adequate.
The student can
identify in a
majority of cases
whether or not the
Indicators are
representative of
Economic health.
Section D is
complete. The
information is
accurate. The trend
descriptions contain
mostly relevant,
helpful information.
The student is
mostly able to
accurately
determine whether
or not the Indicators
are representative of
Economic health.
Section D is
exemplarily
completed. The
information is
accurate, complete,
and provides concise
details that accurately
describe the
economic trends. The
student is always – or
almost always – able
to accurately
determine whether or
not the Indicators are
representative of
Economic health.
Section E is not
submitted or the
data does not
reflect accurate
information. The
student
demonstrates no
understanding as
to whether or not
the Indicators are
representative of
Economic health.
Section E is
partially complete
and/or the
information is not
always accurate.
The student
demonstrates
minimal
understanding as
to whether or not
the Indicators are
representative of
Economic health.
Section E is
satisfactorily
complete. The
information is
mostly accurate.
The trend
description is
mostly adequate.
The student can
identify in a
majority of cases
whether or not the
Indicators are
representative of
Economic health.
Section E is
complete. The
information is
accurate. The trend
descriptions contain
mostly relevant,
helpful information.
The student is
mostly able to
accurately
determine whether
or not the Indicators
are representative of
Economic health.
Section E is
exemplarily
completed. The
information is
accurate, complete,
and provides concise
details that accurately
describe the
economic trends. The
student is always – or
almost always – able
to accurately
determine whether or
not the Indicators are
representative of
Economic health.
Section S is not
submitted or the
data does not
reflect accurate
information. The
student
demonstrates no
understanding as
to whether or not
the Indicators are
representative of
Economic health.
Section S is
partially complete
and/or the
information is not
always accurate.
The student
demonstrates
minimal
understanding as
to whether or not
the Indicators are
representative of
Economic health.
Section S is
satisfactorily
complete. The
information is
mostly accurate.
The trend
description is
mostly adequate.
The student can
identify in a
majority of cases
whether or not the
Indicators are
representative of
Economic health.
Section S is
complete. The
information is
accurate. The trend
descriptions contain
mostly relevant,
helpful information.
The student is
mostly able to
accurately
determine whether
or not the Indicators
are representative of
Economic health.
Section S is
exemplarily
completed. The
information is
accurate, complete,
and provides concise
details that accurately
describe the
economic trends. The
student is always – or
almost always – able
to accurately
determine whether or
not the Indicators are
representative of
Economic health.
© Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information and may not be copied,
further distributed, or otherwise disclosed, in whole or in part, without the expressed written permission of Strayer University.
JWI 515 – Assignment 1 (1202)
Page 4 of 4
JWI 515: Managerial Economics
GUIDES Worksheet
The Components of
GUIDES
G:
U:
I:
D:
E:
S:
GDP & Growth
Unemployment & Utilization
Inflation & Interest Rates
Debt & Deficits
External Balances & Exchange Rates
Savings & Investment
The purpose of the GUIDES Indicators Worksheet is to help the business leader collect macroeconomic data with confidence
and accuracy.
NOTE: This worksheet is an adaptation of a macroeconomic analysis framework presented in: Weinzierl, Matthew, Shlefer, Jonathan, and Cullen, Ann. “GUIDES: Insight
through indicators.” Harvard Business School 9-710-044. December 19, 2011 (2011): 1-9
© Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information and may not be copied, further distributed, or otherwise disclosed, in whole or
in part, without the expressed written permission of Strayer University. This document is subject to change based on the needs of the class.
JWMI 515 – GUIDES Worksheet (2012)
Page 1 of 10
JWI 515: Managerial Economics
GUIDES Worksheet
Instructions
You will use this Worksheet to collect your data in the form of Economic Indicators for two Countries. There are six sections that you need
to complete: G, U, I, D, E, and S. When they are all complete, you will be ready to submit the Worksheet document as Assignment 1.
I. Follow these steps to save your GUIDES Worksheet document:
Note: The GUIDES Worksheet is a standard Word document


To save the worksheet on your computer for use in Assignment 1, complete the following steps:
o
Go to File > Save As
o
Choose your Destination (a folder on your computer)
o
Name your document as shown below and then click Save
Use the following format for your filename: LastName_FirstName_JWI515_GUIDES_Worksheet.docx
o
e.g. Doe_John_JWI515_ GUIDES_ Worksheet.docx
II. Follow these steps to collect your data:

Enter your two Country names at the top of each page

Use the two websites below to find your data:
o Trading Economics website ()
o Doing Business website ()

Enter your data and notes in the Worksheet by clicking into the cells with the Latest Entry, Trend, and Healthy? labels

In the Healthy? Column, you may delete the answers that are not correct, or you may highlight the correct answer

Submit your GUIDES Worksheet document as Assignment 1 by the end of Week 3
© Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information and may not be copied, further distributed, or otherwise disclosed, in whole or
in part, without the expressed written permission of Strayer University. This document is subject to change based on the needs of the class.
JWMI 515 – GUIDES Worksheet (2012)
Page 2 of 10

JWI 515: Managerial Economics
GUIDES Worksheet
Sample Data – Use examples below as a model on how to complete your GUIDES Worksheet.
Country: United States
Indicator
Consumer
Spending
Food
Inflation
Wage
Growth
Sales Tax
Meaning
Private consumption, or an
exchange of money for goods
and services. Includes private
purchases of durable goods,
nondurables, and services.
Change in the cost of food
over the same month in the
prior year.
Change in wage and salary
disbursements from service,
government, & manufacturing
industries over the same
month in the prior year.
Tax charged to consumers
based on the purchase price
of certain goods and services.
Latest Entry &
Frequency
$11922bil
Oct2017
Quarterly
1.20%
Oct2017
Monthly
3.22%
Sep2017
Monthly
0%
Yearly
Country:
Trend
Healthy (Y/N)
& Why?
Steady rise since
2010.
$11853bil in
Jul2017.
$11758bil in
Apr2017.
Yes – a rise
in spending
indicates a
growing
economy
Steady rise since
in
Oct2016.
0% in Feb2017.
0.9% in June2017.
Yes – when
an economy
is not running
at capacity,
inflation
increases
production
Steady rise.
2.75% in Aug2017
2.49% in Jul2017
Yes –
company can
charge more
for goods and
pay higher
wages
Flat, no change.
No national sales
tax in the US.
No- Gov’t
taxes only
personal &
corporate
incomes.
Latest Entry
& Frequency
$91795mil
Jul2017
Quarterly
5.70%
Oct2017
Monthly
0.7%
Jan2017
Monthly
17%
Yearly
Mock Country Data
Trend
Healthy
(Y/N) &
Why?
Steady rise since
2008.
91584mil in
Apr2017.
91475mil in
Jan2017.
Yes – a
rise in
spending
indicates a
growing
economy
Relatively flat.
+/- 0.25% for past
year.
No –
assumes
production
at capacity
and demand
will start to
fall off
Holding flat
0.6% in Oct2016
0.6% in Jul2016
Not clear
Same since 2004.
1989-2003 = 15%.
France/UK = 20%
Italy = 22%
Sweden = 25%
Yes. On
par with
other
advanced
economies.
© Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information and may not be copied, further distributed, or otherwise disclosed, in whole or
in part, without the expressed written permission of Strayer University. This document is subject to change based on the needs of the class.
JWMI 515 – GUIDES Worksheet (2012)
Page 3 of 10
JWI 515: Managerial Economics
GUIDES Worksheet
G = GDP & Growth
Click here to access the Trading Economics website
Country:
Indicator
Meaning
Latest Entry &
Frequency
Country:
Trend
Healthy
(Y/N) &
Why?
Latest Entry &
Frequency
Trend
Healthy
(Y/N) &
Why?
GDP Value
Measures national income and
output. GDP is equal to the total
expenditure for all final goods and
services produced within the country.
Yes
No
Not clear
Yes
No
Not clear
GDP Value
Constant
Prices
GDP adjusted for inflation. Measures
the GDP value in base year dollars.
Yes
No
Not clear
Yes
No
Not clear
GDP
Annual
Growth
Rate
Percentage change in GDP.
Yes
No
Not clear
Yes
No
Not clear
GDP per
capita PPP
GDP value divided by total
population.
Yes
No
Not clear
Yes
No
Not clear
Ease of
Doing
Business
Higher rankings (a low numerical
value) indicate better, usually
simpler, regulations for businesses
and stronger protections of property
rights.
Yes
No
Not clear
Yes
No
Not clear
© Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information and may not be copied, further distributed, or otherwise disclosed, in whole or
in part, without the expressed written permission of Strayer University. This document is subject to change based on the needs of the class.
JWMI 515 – GUIDES Worksheet (2012)
Page 4 of 10
JWI 515: Managerial Economics
GUIDES Worksheet
U = Unemployment & Utilization
Click here to access the Trading Economics website
Country:
Indicator
Meaning
Latest Entry &
Frequency
Country:
Trend
Healthy
(Y/N) &
Why?
Latest Entry
& Frequency
Trend
Healthy
(Y/N) &
Why?
Unemployment
Rate %
Percentage of unemployed
workers in the total labor
force. It is low during good
economic times and high
during recessions.
Yes
No
Not clear
Yes
No
Not clear
Labor Force
Participation
Number of people who are
either employed or are
actively looking for work.
Yes
No
Not clear
Yes
No
Not clear
© Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information and may not be copied, further distributed, or otherwise disclosed, in whole or
in part, without the expressed written permission of Strayer University. This document is subject to change based on the needs of the class.
JWMI 515 – GUIDES Worksheet (2012)
Page 5 of 10
JWI 515: Managerial Economics
GUIDES Worksheet
I = Inflation & Interest Rates
Click here to access the Trading Economics website
Country:
Indicator
Meaning
Interest
Rate %
The price for holding
money – time value of
money or cost of money.
Inflation
Rate %
Represents the long run
inflation rate; transitionary
price changes are
excluded.
Latest Entry &
Frequency
Country:
Trend
Healthy
(Y/N) &
Why?
Latest Entry &
Frequency
Healthy
(Y/N) &
Why?
Trend
Yes
No
Not clear
Yes
No
Not clear
Yes
No
Not clear
Yes
No
Not clear
© Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information and may not be copied, further distributed, or otherwise disclosed, in whole or
in part, without the expressed written permission of Strayer University. This document is subject to change based on the needs of the class.
JWMI 515 – GUIDES Worksheet (2012)
Page 6 of 10
JWI 515: Managerial Economics
GUIDES Worksheet
D = Debt & Deficits
Click here to access the Trading Economics website
Country:
Indicator
Meaning
Latest Entry &
Frequency
Country:
Trend
Healthy
(Y/N) &
Why?
Latest Entry
& Frequency
Trend
Healthy
(Y/N) &
Why?
Government
Debt
Debt owed by a government.
(also known as public
interest, national debt and
sovereign debt)
Yes
No
Not clear
Yes
No
Not clear
Government
Debt/GDP
Ratio between a country’s
government debt and its
gross domestic product. A
low ratio indicates that the
country can sufficiently pay
back its debts without
incurring debts.
Yes
No
Not clear
Yes
No
Not clear
Credit
Rating
An estimate of the ability of
an entity to fulfill its financial
commitments.
Yes
No
Not clear
Yes
No
Not clear
Corporate
Tax Rate
The tax rate for
Corporations.
Yes
No
Not clear
Yes
No
Not clear
© Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information and may not be copied, further distributed, or otherwise disclosed, in whole or
in part, without the expressed written permission of Strayer University. This document is subject to change based on the needs of the class.
JWMI 515 – GUIDES Worksheet (2012)
Page 7 of 10
JWI 515: Managerial Economics
GUIDES Worksheet
E = External Balances & Exchange Rates
Click here to access the Trading Economics website
Country:
Indicator
Meaning
Latest Entry &
Frequency
Country:
Trend
Healthy
(Y/N) &
Why?
Latest Entry
& Frequency
Healthy
(Y/N) &
Why?
Trend
Currency
A system of money. The
value of the money
changes over time.
Yes
No
Not clear
Yes
No
Not clear
Imports
Amount of goods
purchased by one country
from another.
Yes
No
Not clear
Yes
No
Not clear
Amount of goods
purchased
by foreigners from a
country.
Yes
No
Not clear
Yes
No
Not clear
Exports
© Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information and may not be copied, further distributed, or otherwise disclosed, in whole or
in part, without the expressed written permission of Strayer University. This document is subject to change based on the needs of the class.
JWMI 515 – GUIDES Worksheet (2012)
Page 8 of 10
JWI 515: Managerial Economics
GUIDES Worksheet
S = Savings & Investment
Click here to access the Trading Economics website
Country:
Indicator
Meaning
Latest Entry &
Frequency
Country:
Trend
Healthy
(Y/N) &
Why?
Latest Entry &
Frequency
Healthy
(Y/N) &
Why?
Trend
Personal
Savings
When a person rather than
a company saves money to
spend or invest later.
Yes
No
Not clear
Yes
No
Not clear
Consumer
Confidence
Based on consumers’
perceptions of current
business and employment
conditions, as well as their
expectations for six months
hence regarding business
conditions, employment,
and income.
Yes
No
Not clear
Yes
No
Not clear
© Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information and may not be copied, further distributed, or otherwise disclosed, in whole or
in part, without the expressed written permission of Strayer University. This document is subject to change based on the needs of the class.
JWMI 515 – GUIDES Worksheet (2012)
Page 9 of 10
JWI 515: Managerial Economics
GUIDES Worksheet
Additional Indicators (optional)
Click here to access the Trading Economics website
Use this optional page to capture data on Indicators that you believe are relevant to understanding your chosen country’s
economy or relevant to your specific industry. Potential additional indicators include, but are not limited to:

Business Confidence

External Debt

Living Wage Family

Capacity Utilization Rate

Foreign Direct Investment

Personal Income Tax Rate

Consumer Price Index

Government Spending

Productivity

Disposable Personal Income

Housing Starts

Tourist Arrivals
Country:
Indicator
Meaning
Latest Entry &
Frequency
Country:
Trend
Healthy
(Y/N) &
Why?
Latest Entry &
Frequency
Healthy
(Y/N) &
Why?
Trend
Yes
No
Not clear
Yes
No
Not clear
Yes
No
Not clear
Yes
No
Not clear
Yes
No
Not clear
Yes
No
Not clear
© Strayer University. All Rights Reserved. This document contains Strayer University confidential and proprietary information and may not be copied, further distributed, or otherwise disclosed, in whole or
in part, without the expressed written permission of Strayer University. This document is subject to change based on the needs of the class.
JWMI 515 – GUIDES Worksheet (2012)
Page 10 of 10

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