Economics for Capital Markets

Economics for Capital Markets Course Overview

In this course, we will go over important 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 the markets should react to economic news vs. how they react in real life.

Economics for Capital Markets Learning Objectives

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

Economics for Capital Markets Is a Prep Course of CFI’s CMSA® Program

CFI’s Capital Markets & Securities Analyst (CMSA)® program covers all the basic, intermediate, and advanced topics about sales and trading, investment banking, and asset management. This program teaches you trading strategies used in the finance and capital markets industry. It is ideal for students who want to trade different asset classes. The program is completely online, so you can take it at your own pace anywhere in the world. Common career paths for students who take the CMSA® are sales & trading, asset management, wealth management, treasury, risk management, and other capital markets careers.

Who Should Take This CMSA® Course?

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.