Learning Objectives
At the end of the course delegates should have a broad understanding of the following subject areas:
- Review of main macroeconomic indicators and their importance
- Gross Domestic Product and economic growth
- Interest rates and the time value of money
- Money supply and asset prices
- Trade balances and foreign exchange
- Inflation: sources and impact on real value of future cash flows
- Socio-political factors
- Demographics
- Global political landscape
- Impact of changes in macroeconomic variables on markets
- Equities: global demographics and local GDP growth
- Bonds: interest rate dynamics and inflation risk
- Foreign exchange: trade balances and relative interest rates
- Property markets: inflated values from “Quantitative Easing”
- Business cycles and their effect on global security markets
- Short-term and long-term business cycles
- Investment strategy given anticipated inflection points
Prerequisites
The course provides comprehensive coverage of key macroeconomic concepts and their relationship with financial markets, but a basic understanding of each would be an advantage.