ECS2603 LATEST STUDY NOTES

lOMoAR cPSD| 32110785




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, lOMoAR cPSD| 32110785




STUDY UNIT 1 – INTRODUCTION



LEARNING OUTCOMES:
i. Have a general notion of what economic indicators are all
about
ii. Know the main criteria for assessing the performance of
the economy
iii. Be aware of some of the main source of economic data iv.

Be aware of some of the pitfalls in manipulating and
interpreting economic data


1.1. ECONOMIC INDICATORS
LO1: Have a general notion of what economic indicators are
all about

Economic Indicator

• It refers to a statistic (data) that shows the behaviour of an
economic variable, usually over time.

• Some of the examples of economic indicators include:
o Real Gross Domestic
Product (GDP) o
Employment o Exchange



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