Understanding the Scottish Economy
Date: Thursday 26th April 2018
Time: 9am - 6pm, 8.30 registration and refreshments
Location: Strathclyde Business School, 199 Cathedral Street, Glasgow, G4 0QU
Cost: £350 (20% discount for public and third sector attendees) - lunch and refreshments provided.
Register: Register online now.
Identifying and interpreting changes in economic conditions can give businesses and public sector organisations an edge.
But for many, accessing clear and impartial information on how the economy is tracking can be anything but straightforward. This 1 day CPD event aims to help. It will provide participants with a plain-speaking insight into the world of economics and give you practical tips on how to find and interpret key Scottish and UK economic trends and information.
Upon completion of the programme, you will be better able to follow economic developments and be able to relate them to your organisation’s day-to-day work.
You will hear about what measures like GDP, unemployment and inflation tell us about the current health of our economy – and crucially what they don’t tell us.
No spin, just facts and insight from a leading independent commentator on the Scottish economy – The Fraser of Allander Institute.
The course is designed for professionals in the private, public and third sectors who are interested in gaining an understanding of the economy and its impact on their organisation.
The course does not require any prior formal background in economics.
Attendees will include people with a background in business, central and local government, public sector bodies and third sector organisations.
The course is run by the Fraser of Allander Institute, a leading, independent authority on the Scottish economy and an authoritative source of informed analysis on the Scottish economy.
You will be taught by people with real-world experience of public policy and business.
As part of the course, Times journalist Alf Young will provide an overview of his take on the Scottish economy over the last 40 years and his reflections on how it has changed.
By the end of the course, you will:
- Understand the fundamentals of how our economy works – including Scotland’s key sectors, unemployment trends and export markets;
- Be more informed of future economic trends and the implications for your organisation;
- Have a good understanding of key economic concepts and terminology – and what the jargon actually means!;
- Have a comprehensive databank of key sources of information on the economy;
- Know how the economic policy landscape could impact on your organisation.
Understanding the foundations of our economy
- Key economic concepts and definitions
- How does the economy work – how does it grow and what can lead to recessions?
- What are the key measures used by economists to assess performance – e.g. unemployment, GDP, inflation etc. And what do they actually mean in practice
The structure of the Scottish economy
- Scotland's key sectors
- Scotland's key economic strengths and weaknesses
- Where to find the data relevant to your organisation
Recent developments and future outlook
- A scorecard measuring Scotland’s recent economic performance
- Key current issues – e.g. challenges in oil and gas, Brexit, new opportunities in technology and emerging economies like China and India etc.
- Scotland’s economic outlook
Time will be made for discussion and questions to be asked around how the future economic outlook for Scotland and the UK might impact on your organisation.