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Economic Indicators: CPI and Inflation

  • Accountant
  • CPA (CA)
  • CMA
  • CPA (US)
  • CA - ICAEW
  • CFA
  • ACCA
  • CIPM
  • CTP
  • FPAC
  • CA - Ireland
  • CA - Scotland
  • CPA - Ireland
  • CFIRS
  • CWS

Published: November, 2021

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Before starting this self study program, please go through the instructional document.

  • Course Description
  • Course Qualification
  • Presenter
  • FAQ

Course Description

Overview

  • What is a price index?
    3 mins
  • A naive price index
    15 mins
  • Laspeyres price index
    24 mins
  • U.S. consumer price index
    33 mins
  • Other important price indexec
    46 mins
  • Effects on inflation
    61 mins

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.

Economic indicators are those often-voluminous statistics released by government agencies, non-profit organizations, and even private companies.

They provide measurements for evaluating the health of our economy, including the latest business cycles, consumer spending, inflation, housing, and so on. Various economic indicators are released quarterly, monthly, weekly, and even daily.

The Consumer Price Index (CPI) is a measure that examines the weighted average of prices of a basket of consumer goods and services, such as transportation, food, and medical care. It is calculated by taking price changes for each item in the predetermined basket of goods and averaging them.

Attendees of the CPE course will learn about price indices and inflation.

Following major topics are discussed in this CPE webinar:

  • What are the causes and consequences of inflation and hyperinflation?
  • How and when the official figures of inflation and hyperinflation are released to the public?
  • What are the impacts of inflation and hyperinflation on market?
  • How to reinforce some of the concepts with a short active learning exercise?

Learning Objectives

  • To discuss simple index numbers.
  • To discuss weighted price indices.
  • To evaluate the mechanics of how the Consumer Price Index (CPI) is constructed in the U.S. and Canada.
  • To analyze how to put price indices to work by learning how to use them to calculate the inflation rate.
  • To assess how to adjust nominal data series into real series so they can be compared over time.
  • To discuss the causes and consequences of inflation and hyperinflation.
  • To analyze how and when the official figures are released to the public, their impact on markets, and then reinforce some of the concepts with a short active learning exercise.

Recommended For

  • This Online Continuing Professional Education webinar is recommended for CPAs, CMAs, CFAs, and other professionals looking to improve their business acumen toolbox of skills, with a practical overview of how statistical agencies measure changes in the average price level of good and services in an economy over time.

Who Should Attend?

  • Certified Management Accountant (CMA)
  • Certified Public Accountant (CPA)
  • CPA (Industry)
  • CPA - Mid Size Firm
  • CPA - Small Firm
  • Young CPA

Course Qualification

Webinar Qualifies For

  • 1 CPD Credit for Chartered Professional Accountant (CPA Canada)
  • 1 PL Credit for Chartered Financial Analyst (CFA)
  • 1 CPE Credit of Finance for Certified Public Accountants (CPA-US)
  • 1 CPE Credit for Certified Management Accountants (CMA)
  • 1 CRE Credit for Certified Treasury Professional (CTP)
  • 1 CRE Credit for Certified Corporate FP&A Professional (FPAC)
  • 1 CE Credit for Certified Fiduciary & Investment Risk Specialist (CFIRS)
  • 1 CE Credit for Certified Wealth Strategist (CWS)
  • 1 General Credit for Accountant/Bookeeper
  • 1 CPD Credit for CA - ICAEW
  • 1 CPD Credit for Chartered Certified Accountants (ACCA)
  • 1 CPD Credit for Chartered Accountants - Ireland (CAI)
  • 1 CPD Credit for Chartered Accountants - Scotland
  • 1 CPD Credit for CPA - Ireland
  • 1 PL Credit for Certificate In Investment Performance Measurement (CIPM)

Additional details

  • Course Level :
    Basic
  • Credits :
    1
  • Instructional Method :
    QAS Self Study
  • Pre-requisites :
    None
  • Advance Preparation :
    None

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MY-CPE LLC (Sponsor Id#: 143597) 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 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.

Presenter

About Presenter

Jason Dean

Assistant Professor, Western University


Jason Dean is an Assistant Professor of Economics in the School of Mathematics, Economics, and Management at King’s University College in London, Ontario.  He received an HHBA from Wilfrid Laurier University, an MA in Economics from the University of Guelph, and a PhD in Economics from McGill University. Jason has a diverse teaching background with experience teaching economics courses at various institutions including Laurier, McMaster, Sheridan, and at various universities in China. He is an applied econometrician with broad interests in labour, housing, and health economics. He has published several peer-reviewed articles in on topics such as immigrant economic integration, the impact of job matching, and on labour market and housing outcomes of various marginalized groups in Canada.  Prior to entering academia, Jason was a Health Economist at Analysis Group in Montréal where he conducted empirical research on a variety of healthcare-related outcomes. His professional experience also includes various analyst positions in the marketing research and mutual fund industries. 

Faq

FAQs content

  • To receive Continuing Education credit for the event, you must register for the webcast prior to the start of each program.
  • Continuing Education Credit Certificate is available to all eligible participants within 24 hours of each webinar.
  • You must attend complete live webinar and respond to all polling questions asked during the webinar. Credits would be issued on 50 minute credit hour basis.
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  • Our courses meet the global Continuing Professional Development (CPD-IES7) Standard for Chartered Accountants with International Education Standard 7 (IES 7) set by The International Federation of Accountants (IFAC), the International Accounting Education Standards Board (IAESB) and the Association of Chartered Certified Accountants (ACCA). Based on our accreditation by existing IFAC members and affiliates, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • You can manage your continuing education certificates and credits through your certificate dashboard which is available when you are logged in to your account (LOGIN)
  • As an accredited provider of Continuing Professional Education in the United States, myCPE online learning platform, courses, and webinars meet the requirements set forth by the Institute of Management Accountants (IMA), an IFAC Member Organization, as well as the National State Boards of Accountancy (NASBA) and the Institute of Internal Auditors (IIA), both IFAC Affiliates. As well as it has been approved by NASBA, Internal Revenue Service (IRS), Certified Financial Planner Board (CFP Board), California Tax Education Council (CTEC), Society of Human Resource Professional (SHRM), Human Resource Certification Institute (HRCI) and many more.Therefore, we believe learners can count their professionally relevant, verifiable learning activities on myCPE, including taking on demand courses and attending live webinars, toward fulfillment of their verifiable continuing education requirement as CPD-IES7 requirements. However, if there is any question, we recommend that the individual learner confirm with his/her professional licensing organization before taking myCPE courses for CPD-IES7 credit.
  • myCPE Courses are taken by : CPA | CMA | CFE | CIA | CPA(Yellow Book)| CFP | CFA | CPA (Govt.) | EA | CRTP | MRTP | ORTP | ABV | CITP | CVA | PFS | CFF and others.

Ratings and Review

3.8

13 Ratings

Excellent

2

Very Good

8

Average

2

Poor

1

Terrible

0

AS

Andy Smith, CPA/ABV, CPA (US)

Dec 28th, 2021

-

MP

Michael Pagano, CPA (US)

Dec 29th, 2021

I assumed it would explain general concepts

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