Short course

Financial markets

  • The Money & Financial Markets short course builds on the Basic Economics short course
  • Flexibility offered with scheduling to accommodate those with full-time jobs

Aim of the course

The course aims to provide participants with a more real-world understanding of financial markets in general, and the Vietnamese financial markets in particular. Considerable emphasis is placed on current debates focusing on the emergence of digital currencies, the changing nature of wholesale money markets, the development of non-bank electronic payments mechanisms, the changing objectives of central banks and the monetary policy instruments they are using, and the emergence of new global payments systems that are seeking to by-pass the US dollar.

A large amount of data is used by way of support for the particular interpretation of the behaviour of financial markets provided in this course. Time will be set aside for discussions of the likely future direction of key financial market variables such as 3-month interbank rates, short-term debt interest rates, lending rates of commercial banks, and exchange rates.

Benefits of following the course

  • Have an understanding of the major characteristics of, and functions performed, by money, as well as their significance for understanding various explanations and forecasts of inflation.
  • Understand the nature and dynamics of different segments of the financial markets, and rates of return on different financial assets in these market segments.
  • Appreciate the significance of global and domestic monetary policy developments, especially the recent shift towards quantitative easing and targeting of capital market asset prices in the major global economies.
  • Link developments in financial markets with those in the rest of the economy, particularly with respect to the movement of economies through various phases of the business cycle.
  • Decipher financial jargon and learn to make use of the vast amount of financial data freely available on the internet.

Who is the course for?

The target group is those lower and middle level executives that are a) working in the financial sector and have need of a more practical understanding of the workings of this sector, or b) working in other sectors but have need of an understanding of the workings of the financial sector. This includes those with and without a formal training in the workings of financial markets. The only requirement for following the course is a desire to learn something of practical relevance, and using one’s own common-sense and logic to do so.

Trainer

Dr Howard Nicholas

Senior Trainer

Course programme

12 hours

  • 12 hours of training time
  • Spread over 1 week

24 hours

  • 24 hours of training time
  • Spread over 2 weeks

Part 1

Locating money and financial markets in the basic conception of the economy.
The nature and role of money.

The nature and role of financial markets in general.

Part 2

Conceiving and explaining money markets.

Explaining the determination of profit margins, interest rates and wage rates.

Part 3

Foreign exchange markets.

​Textbook discussions of money and financial markets.

Part 4

Monetary policies.
Financial market regulation.

Financial market development and economic development.

Full outline

Workshop outline

Download the full workshop outline.