Dates and location
Hours
Dates and location
Hours
Description
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Understanding the economic forces that shape business decisions is essential for CPAs acting as strategic advisors. This monetary policy course offers a clear, accessible introduction to the core principles of microeconomics and macroeconomics, tailored specifically for accounting professionals. Delivered in a focused, one-hour audio session, the course demystifies complex economic concepts by connecting them directly to the decisions CPAs help make every day in the realm of financial planning.
This session focuses on the Bank of Canada’s use of interest rates to manage aggregate demand, inflation, and economic stability.
Lessons Covered:
- Role of Bank of Canada
- Leveraging the Overnight Interest Rate to Influence Inflation, Investment and More
- Transmission Mechanisms of Monetary Policy
- Recent Monetary Policy Changes
- Expected Monetary Policy Changes
- Impact on Business Planning, Debt Management and Capital Investment
- Marginal Revenue Frameworks
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Key Takeaways
Upon completion of this course, learners will be able to:
- Explain the role of the Bank of Canada and how it uses the overnight interest rate to influence inflation, investment, employment, and overall economic growth.
- Analyze the transmission mechanisms of monetary policy, such as interest rate changes, exchange rate movements, and others and their implications for businesses and households.
- Interpret recent or expected monetary policy changes and assess how they affect business planning, debt management, and capital investment.
Who Will Benefit
CPAs and finance professionals who want to understand the complexities of Canada's economic landscape.
How to Access the Course
New mobile learning! Download Blackboard Learn from your app store (iOS or Android). Learn more.
To access the course on your computer please visit our BlackBoard site, and log-in using the same login and password used for the Registration Portal.
Please allow up to 15 minutes after registration for the course to appear on your BlackBoard page.
Registration, cancellation, withdrawal and all other CPA Ontario PD policies can be found here.
Speaker(s)
Dr. Eric Kam is a full professor in the Department of Economics at Toronto Metropolitan University, where he also serves as Director of the Economics and Finance undergraduate program. He holds a PhD in Economics from York University and has built a distinguished academic career specializing in macroeconomics and economic pedagogy. His research, which is focused on accessible, evidence-based approaches to teaching and understanding macroeconomic principles, has been published in several respected, peer-reviewed journals. A recognized leader in teaching and curriculum development, Dr. Kam received TMU’s prestigious President’s Award for Teaching Excellence in 2013 and subsequently served as the university’s Director of Learning and Teaching from 2014 to 2018. Beyond the university, Dr. Kam is a frequent commentator on national media platforms, most notably as Corus Radio’s resident economics expert, where he provides clear, accessible analysis on economic policy, labour markets, fiscal issues, and broader macroeconomic trends.