This 1-day course provides a comprehensive understanding of the various Macroeconomic concepts commonly deployed in the financial industry. Be it in the formulation of investment strategies or a broad appreciation of how the various segments of the financial industry are interlinked via the common thread of macro-economic environment, a good and broad understanding of macroeconomic concepts is essential for a financial professional to function well and advance in his/her career in the industry.
This course covers the basics of key macroeconomic concepts but also go beyond that and address the practical usage of that knowledge; without going to the extent of being too technical and arcane.
Target Audience
- Covered persons working in private banks
- Wealth advisers
- Financial professionals in the banking and financial services industry
Course Outline
Why Economic Growth Matters?
- Trend vs. cycle
- Measures of growth
- 4 ways to analyse GDP
- Growth fundamentals and the investors
Business Cycle Fundamentals
- Investment and the cycle
- The inventory cycle
- The role of leading indicators
- Where does the recovery come from?
- Business cycle and asset class performance
- Is there a world business cycle?
Asset Prices and the Economy
- How asset prices affect the economy
- Asset prices and economy policy
Economic Indicators
- Key in interpretations
- Most influential U.S. economic indicators
- Employment
- Consumer spending and confidence
- National output and inventories
- Housing and construction
- Prices, productivity and wages
- International economic indicators
- German figures
- Japan figures
- Chinese figures
Other Topics Worth Exploring
- Is Inflation Dead?
- Inflation targeting
- The threat of deflation
- What are central banks trying to do?
- Assessing the policy stance and the Taylor Rule
- Why fiscal policy does not always work
- Fiscal policy and debt