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This course reviews the measuring methodology of several concepts that are widely used in macroeconomics. First, how exactly is the data for nominal and real GDP assembled? Second, how are the prices of a consumption basket aggregated into the consumer price index? Third, how are the data measuring the net external position assembled and what are the implications of alternative valuations schemes for analysis of the sustainability of external balances. Fourth, how are effective exchange rates measured and what are differences in methodology across reporting agencies? Finally, the course documents the balance sheet of central banks and how they are used a policy tool going forward. These workshops are for MIEF students only.