Macro Trends

Lecture handout: Macro Trends

Macroeconomics can be a daunting subject matter but it is too important to be left to specialists. All senior managers need to be able to understand and interpret the macroeconomy, and reflect on the factors that cause it to change. This module equips participants with a foundation in the models and frameworks needed to make sense of our context and policy responses, and presents a number of key risks. We will familiarise ourselves with global growth forecasts and identify the key challenges facing policymakers. 

This lecture provides an overview of global growth prospects and surveys some key challenges facing policymakers.

Here is the quiz.

Emoji Equation: Before the live session you could watch this video and complete this quiz.

Macro Risk: I have a follow up live session which includes this activity.

You can find the latest global growth forecasts from the institutions mentioned in the lecture here:

Where to look for good charts:

What you should be reading:

Newspapers: The Economist Financial Times The Guardian (international edition)

Business press: Harvard Business Review • McKinsey QuarterlyKnowledge@Wharton 

What I’ve been reading:

✍️ What I’ve been writing:

Suggested podcasts:
  • Planet Money by NPR – short introductions to key topics
  • Macro Musings, by David Beckworth at the Mercatus Center – interviews with relevant academic and policy experts
ℹ️ Background resources:
  • The best way to keep on top of macroeconomic trends are to subscribe to the Financial Times or The Economist.
  • An Inflation Primer” Patrick Horan, Mercatus Center Policy Brief, July 2022 – a good background primer on inflation
  • Evans, A.J., 2020, “Economics: A Complete Guide for Business” London Publishing Partnership – my managerial economics textbook is intended to provide a thorough but readable overview of the most important elements of macroeconomics

Here’s a short quiz to test your knowledge about the session: