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Macroeconomic Statistics

Virtual : Quarterly Gross Domestic Product

Invitation

Session No.: SA 21.49V

Location: Dhaka, Bangladesh

Date: October 10-14, 2021 (1 week)

Primary Language: English

    Target Audience

    Officials responsible for compiling short-term or monthly economic indicators.

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    Qualifications

    Participants are expected to have a bachelor's degree, with backgrounds in economics, accounting, or related fields. Since the course will focus on quarterly national accounts, the participants must already possess a firm grasp of national accounts statistics on an annual basis.

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    Course Description

    This one-week customized training and technical assistance will be presented by an expert from the International Monetary Fund's Statistics Department. The course will be based on the System of National Accounts 2008 (SNA 2008) and the Quarterly National Accounts Manual, 2017. The course will cover the following topics:

    • The scope, role and strategic issues of quarterly national accounts.
    • Data sources for the production and expenditure approach.
    • Strategies for selecting quarterly indicators.
    • Establishing a quarterly processing system.
    • Benchmarking techniques and software;.
    • Seasonal adjustment.
    • Price and volume measures.
    • Chain-linking quarterly national accounts.
    • Inventory valuation methods.
    • Revision policy.
    • Economic analysis of quarterly national accounts.

    The course will feature interactive lectures and hands-on exercises that will enable participants to operationalize what they learn.

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    Course Objectives

    Upon completion of this course, participants should be able to:

    • Discuss general and specific aspects of the quarterly national accounts framework as embodied in the SNA 2008 and the Quarterly National Accounts Manual, 2017.
    • Describe data sources that are typically used to estimate the quarterly national accounts using both the production and expenditure approach.
    • Select quarterly indicators using conceptual and empirical methods.
    • Benchmark quarterly indicators to annual estimates using the xlpbm EXCEL add-on.
    • Describe the conceptual and technical process of seasonal adjustment and work through an example.
    • Use price indicies and volume measures to extrapolate quarterly estimates.
    • Ensure quarterly estimates of inventory change are recorded as "value of physical change" using appropriate inventory valuation methods.
    • Perform economic analysis of quarterly national accounts, and it's role in the business cycle.
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