Wednesday, December 17, 2008

3 Down, 7 to Go!

The semester is over, and went well! Micro, Macro, and History of Economic Thought are complete. The next semester starts in January, and I will be taking the following courses: 

Financial Economics
An introduction to the financial system, which precedes courses in finance and economics. It is designed for three groups of graduate students: those who have not had such an introductory course, those who had such a course several years ago and need a review and for those who have had such a course but for one reason or another did not learn the material well enough. Concepts such as financial intermediation, money, credit, interest rates, valuation are covered in depth. Cash and derivative markets as well as domestic and international finance are grist for our mill. The roll of the monetary authority (Federal Reserve) and its relationship to the financial system is covered. Readings written by the author are also supplied to see how problems arise in the system that can seriously impair that system from optimized economic welfare.


Seminar In Monetary and Fiscal Policy
A study of monetary and fiscal policies designed to achieve maximum employment, price stability and economic growth. International interrelationships.

International Monetary Analysis
An analysis of monetary and financial problems, adjustment mechanisms and policies of international trade. The foreign exchange market, capital flows, the problem of international liquidity. Particular, cyclical, secular and structural disequilibria in balance of payments are examined as are gold movements and the role of national central banks and international monetary agencies. International Monetary Policy analyzes issues, such as underdeveloped nations, debt forgiveness and funding of Third World projects are discussed and the ethical considerations of the human impact of international economic trends are evaluated.

Money and Capital Markets
A flow of funds approach to the study of financial institutions and markets. Analysis of the nature and role of monetary and non-monetary financial institutions. Effects of cyclical and secular changes in business activity. Federal Reserve policies and treasury operations in the financial markets. Inter-working of financial and non-financial markets.

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QE3 Is Here!

Move over QE2, QE3 is here! The markets are euphoric for now.