Economics for Non-Economists


This course has been designed to help participants make practical sense of the many complex economic terms, concepts and trends in the world today.

Delivered over two days, the course objective is to understand what many of the major economic indicators measure and how they are interpreted by financial markets.

The program of study will cover areas such as: mainstream and alternative measures of employment, economic output and growth; fiscal policy and the impacts of government stimulus; measures of inflation and the reasons policy makers fear it; monetary policy and the role of central banks; and foreign exchange, trade, investment flows and the balance of payments.

Students will be able to:

  • Identify the types of economic data
  • Interpret and analyze the effects of influential economic indicators
  • Decipher the role and language of central banks
  • Identify and analyze the imbalances between the United States and China
  • Critique comments made by policy makers
  • Identify the roles of international financial institutions
  • Day 1

  • Macro & Micro Economics Concepts
  • Types of economic data
  • Finding economic data

  • Measuring and interpreting influential economic indicators
  • Output and production
  • Private investment – Domestic & International
  • Government spending
  • Employment
  • Productivity
  • Price indices and inflation
  • Leading economic indicators

  • Human Resource Index
  • HDI – its calculations & interpretations
  • Types of unemployment
  • Poverty Data
  • Environmental Data
  • Land accrual

  • Day 2
    Central Bank and Monetary Policy

  • Function of a central bank
  • Understanding monetary policy
  • The Reserve Bank of India
  • Basel / BIS
  • Does inflation matter
  • Analysis of a RBI Statement

  • Trade, Balance of Payments and Foreign Exchange

  • Current Account
  • Financial account and the balance of payments
  • Case: Does the U.S. need India or does India need the U.S.
  • Exchange rate policies in India
  • Case: China (Yuan)

  • International Financial Institutions

  • International monetary fund
  • FII and its impact on India
  • World bank
  • Proposals for domestic and international reforms – with reference to current Indian scenario
  • Topic: The Volcker Rule

  • Participants attending the entire course shall be eligible to receive Participation Certificate from the BSE Institute Ltd.

    The course is designed for those with limited experience in economics

    2 days
    10.00 am to 5.30 pm

    Rs. 7,000.00 + Applicable Taxes per participant inclusive of tuition fees, reference material and (morning / evening) refreshments only.

    For further details regarding contents,