Details

Technical Note

Educator Copy

A Framework For Assessing Pakistan's Macroeconomic Conditions

Salman Khan


INDUSTRY :

AREA : Managerial Economics

ORGANIZATION : Pakistan

LENGTH : 22

LUMS No : 11-125-2013-2

PUBLICATION YEAR : 2013

DESCRIPTION

KEYWORDS:

Framework,Assesing Pakistan's Macroeconomic Conditions,Public & Private Sector,Performance of Country,Standard Approaches,Economic Indicatiors,Indicators,Misinterpretation


DESCRIPTION:

Presently, managers, whether working in the public sector or in private businesses in Pakistan, require an informed, current and strategic perspective on the economic performance of the country. Understanding the state of the economy is only part of the story while using this information to forecast the future of the economy generally completes the tale. This is a challenging task, especially due to the unavailability of standard approaches and ways of synthesising and extracting insights from macroeconomic indicators. An understanding of macroeconomics is even more important since managers too often rely on ad hoc analyses that either miss or misinterpret vital economic information. Such a situation leads to uninformed and vague analyses that further leads to inconsistent or faulty policies. This note will help the public financial managers to identify, organise, and interpret key economic indicators of Pakistan. Before we discuss these economic indicators it is pertinent to develop a perspective on macroeconomics.


LEARNING OBJECTIVES:

N/A


SUBJECTS COVERED:

Management, Economics