Economics for Capital Markets

This course will cover critical economic principles that impact financial markets rather than worry about micro/macro theory. We will introduce economic events and cover how to differentiate between economic releases and economic indicators. Next, we will do a quick refresher on central banks and monetary policy before we dive into specific examples such as the Federal Reserve (the Fed), European Central Bank (ECB), Bank of England, and Bank of Japan, and discuss these institutions and their policies in detail. After having learned about central banks, we will go back to economic indicators and give examples of some of the more important ones to be familiar with, such as gross domestic product (GDP), Consumer Price Index (CPI), Purchasing Managers’ Index (PMI), and building permits. Finally, we will end the course by discussing the impact on markets and how they should react to economic news vs. how they react in real life. Upon completing this course, you will be able to: • Know how economic principles impact financial markets • Classify & interpret economic releases • Understand central banks, their goals, and their role in the economy • Perceive how specific economic events impact specific markets • Grasp how market practitioners use this information to trade and invest This Economics for Capital Markets course is perfect for anyone who would like to build a strong foundation on economic principles before jumping into financial markets, as economics forms the foundation of our monetary system. This course is designed to equip anyone who desires to begin a career in fixed income, equity, sales, trading, or other areas of finance with the fundamental knowledge of economics

• Understand economic principles impacting financial markets
• Classify and interpret economic releases
• Understand central banks’ roles and objectives
• Analyze effects of economic events on markets
• Apply economic knowledge in trading and investment

• Basic computer and internet skills
• Ability to read English instructions and complete practice activities