Description
Instructor(s)/Supervisor(s)/Coordinator(s): Shawn JINThis course is designed for students who intend to work in the finance industry as economists or strategists (e.g. rates strategist), both on the sell-side or the buy-side. This course starts from the fundamentals of central banks, particularly the balance sheet and relates it to central bank operations and the money creation process. The course will deep dive the Federal Reserve, covering both traditional and non-conventional policy tools. By incorporating macroeconomic diagnostics, students are encouraged to put themselves in the shoes of policymakers and predict policy decisions. This course will also study the monetary policy transmission mechanism and the link between financial and real sectors. In addition, this course links policy decisions to the pricing of assets, such as rates. The core principle of this course is “Learning by Doing”: students will be given plenty of opportunities to conduct data analysis to study the monetary policy impact to financial markets and real economy.