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Giuseppe De Arcangelis and Daniele Fano

This course is primarily aimed at undergraduates attending their final year or University students in monetary and financial economics, international macroeconomics and data mining. Professionals in Government institutions, Central Banks, business and the financial industry, along with other professionals interested in finance and macroeconomics, may also benefit from this course. The lectures, the tutorials and the activities lead the participants, step-by-step, through the system of financial accounts and provide unique hands-on guides to the macroeconomic databanks of the major national and international institutions (OECD, European Central Bank, US Federal Reserve System, Bank for International Settlements, IMF). At the end of the course students will gain a clear overview of the financial connections among the institutional sectors in market economies. Student activities include manipulations of data obtained from institutional websites with spreadsheets in order to construct tables and graphs.

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What's inside

Syllabus

Introduction to Course 1 on Macroeconomic Financial Accounts and Week 1 - Financial Systems at a Glance
This course is primarily designed for undergraduates attending their final year or Master’s students in monetary and financial economics, international macroeconomics and data mining. Professionals in Government institutions, Central Banks, business and the financial industry, along with other professionals interested in finance and macroeconomics, may also benefit from this course. The lectures, the tutorials and the activities lead the participants step-by-step through the system of financial accounts and provide unique hands-on guides to the macroeconomic databanks of the major national and international institutions (OECD, European Central Bank, US Federal Reserve System, Bank for International Settlements, IMF). At the end of the course students will gain a clear overview of the financial connections among the institutional sectors in market economies. Student activities include manipulations of data obtained from institutional websites with spreadsheets in order to construct tables and graphs.
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Week 2 - Deriving net lending/net borrowing : national economy vs. rest of the world, balancing items, sectoral breakdowns
1.2 Deriving net lending/net borrowing : national economy vs. rest of the world, balancing items, sectoral breakdowns
Week 3 - Financial Transactions. Instruments and interconnections
1.3 Financial Transactions. Instruments and interconnections
Week 4 - Stocks. Net Worth. Financial Wealth
1.4 Stocks. Net Worth. Financial Wealth
Week 5 - Accumulation
1.5 Accumulation
Week 6 - Financial Accounts, Economic and Monetary Policy, Stability
1.6 Financial Accounts, Economic and Monetary Policy, Stability

Good to know

Know what's good
, what to watch for
, and possible dealbreakers
Examines financial markets and transactions with broad perspectives, which is useful for finance and macroeconomics professionals
Provides hands-on guides to macroeconomic databanks of major institutions, equipping learners with practical skills
Suitable for undergraduate and graduate students with backgrounds in monetary and financial economics, international macroeconomics, and data mining
Taught by professors Giuseppe De Arcangelis and Daniele Fano, who are recognized for their work in finance and macroeconomics
Covers financial systems, transactions, and instruments, providing a comprehensive understanding of financial markets

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Activities

Be better prepared before your course. Deepen your understanding during and after it. Supplement your coursework and achieve mastery of the topics covered in Macroeconomic Financial Accounts with these activities:
Review Course Description
Review the course description to identify key topics covered. This will help you prepare for the course and set expectations.
Show steps
  • Read the course description carefully.
  • Identify the key topics covered in the course.
  • Note any prerequisites or prior knowledge required.
Review Time Value of Money Calculations
Review the techniques for calculating the time value of money to improve your understanding of Financial Accounts principles.
Browse courses on Time Value of Money
Show steps
  • Revisit the formula for calculating the present value of a future sum
  • Refresh the formula for calculating the future value of a present sum
  • Practice calculating the present value of annuities
  • Solve practice problems involving the time value of money
Follow Tutorial Videos
Following tutorial videos will provide you with clear and concise explanations of complex topics.
Show steps
  • Search for tutorial videos related to the topics covered in the course.
  • Watch the videos and take notes on key concepts.
13 other activities
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Volunteer at a Financial Literacy Program
Contribute to society while enhancing your understanding of financial principles.
Browse courses on Financial Literacy
Show steps
  • Identify volunteer opportunities at financial literacy organizations
  • Attend training and prepare for your volunteer role
  • Assist in teaching financial literacy concepts to individuals or groups
  • Share your knowledge and experience with participants
Attend a Conference on Financial Stability
Connect with experts and practitioners in the field of financial stability.
Show steps
  • Research upcoming conferences and identify relevant events
  • Register for the conference and prepare for participation
  • Attend the conference, engage in discussions, and network with attendees
  • Follow up with new contacts and explore potential collaborations
Create a Mind Map
Creating a mind map will help you visualize the relationships between different topics covered in the course.
Show steps
  • Start with a central topic or concept.
  • Draw branches off the central topic to represent related topics.
  • Add sub-branches to further elaborate on each topic.
Read the IMF Guide on Financial Soundness Indicators
Deepen your understanding of financial stability and soundness metrics.
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  • Review the principles of financial stability assessment
  • Familiarize yourself with the different categories of financial soundness indicators
  • Examine the methodologies for calculating and interpreting these indicators
  • Discuss the implications of financial soundness indicators for policymaking
Solve Practice Problems
Solving practice problems will help you understand the concepts covered in the course and apply them to real-world scenarios.
Browse courses on Financial Systems
Show steps
  • Find practice problems related to the topics covered in the course.
  • Attempt to solve the problems on your own.
  • Check your answers and identify areas where you need improvement.
Solve macroeconomic financial accounts using excel
Practice solving financial accounts statements using the given datasets will help you understand how to use the information and apply it in real-world situations.
Show steps
  • Download the template and data from the course website
  • Configure the downloaded template with the given data
  • Solve the macroeconomic financial accounts based on the given instructions
  • Check your answers against the solution posted by the instructor
Follow a tutorial on financial stability
Following a tutorial will provide you with a structured approach to understanding financial stability.
Browse courses on Financial Stability
Show steps
  • Find a tutorial on financial stability from a reputable source
  • Follow the steps outlined in the tutorial
  • Complete any exercises or quizzes associated with the tutorial
Analyze Financial Data from the OECD
Gain proficiency in analyzing and interpreting real-world macroeconomic financial data.
Browse courses on Financial Data Analysis
Show steps
  • Download financial data from the OECD website
  • Explore the different datasets and variables available
  • Identify trends and patterns in the data
  • Use statistical techniques to analyze the relationships between different variables
  • Draw conclusions and make inferences based on your analysis
Join a Study Group
Joining a study group will allow you to collaborate with other students and learn from different perspectives.
Show steps
  • Find a study group that aligns with your schedule and learning style.
  • Attend study group meetings regularly.
  • Participate in discussions and share your insights.
Create a presentation on a specific macroeconomic financial account
Creating a presentation will help you synthesize your knowledge of a specific macroeconomic financial account and improve your communication skills.
Show steps
  • Choose a macroeconomic financial account to focus on
  • Research the account and gather information
  • Create a presentation outline
  • Develop the presentation slides
  • Practice your presentation
Participate in a Data Analysis Competition
Put your financial data analysis skills to the test and potentially earn recognition for your work.
Browse courses on Data Analysis
Show steps
  • Identify data analysis competitions relevant to financial accounts
  • Form a team or work independently to prepare for the competition
  • Analyze the provided data and develop insights
  • Submit your analysis and compete with other participants
  • Reflect on your performance and identify areas for improvement
Use Financial Accounts Data to Evaluate Economic Policies
Develop the skills to assess the impact of economic policies using financial accounts data.
Show steps
  • Gather financial accounts data for relevant periods
  • Identify key indicators that measure economic activity
  • Analyze the changes in these indicators over time
  • Relate the changes to specific economic policies
  • Draw conclusions about the effectiveness of the policies
Develop a Financial Model of a Market Sector
Enhance your ability to construct and analyze complex financial models.
Browse courses on Financial Modeling
Show steps
  • Select a specific market sector for analysis
  • Identify the key drivers of financial performance in that sector
  • Build a financial model that incorporates these drivers
  • Use the model to simulate different economic scenarios
  • Analyze the results of the simulations and draw conclusions

Career center

Learners who complete Macroeconomic Financial Accounts will develop knowledge and skills that may be useful to these careers:
Economist
Economists analyze and predict economic trends, offering insights that shape policy and business decisions. The course Macroeconomic Financial Accounts provides a solid foundation for Economics professionals, as it covers the intricacies of financial systems and macroeconomic data, equipping learners with the tools to understand the financial connections among various sectors in market economies.
Financial Analyst
Financial Analysts evaluate investments and provide recommendations to clients. A comprehensive understanding of financial systems and macroeconomic data is crucial for success in this role. Macroeconomic Financial Accounts delves into these topics, providing learners with an edge in analyzing financial markets and making informed investment decisions.
Investment Banker
Investment Bankers facilitate capital raising and mergers & acquisitions. A deep understanding of macroeconomic trends and financial systems is highly sought after in this field. The course Macroeconomic Financial Accounts enhances learners' knowledge in these areas, helping them navigate the complexities of the investment banking industry.
Quantitative Analyst
Quantitative Analysts develop and implement mathematical models to analyze financial data. A strong foundation in macroeconomic data and financial systems is essential for success in this role. The course Macroeconomic Financial Accounts equips learners with the skills to handle complex financial datasets and derive meaningful insights.
Data Analyst
Data Analysts collect, analyze and interpret data to identify trends and patterns. The course Macroeconomic Financial Accounts provides learners with hands-on experience in manipulating and interpreting macroeconomic data, giving them an advantage in the data analytics field.
Banker
Bankers manage financial transactions and provide financial advice to clients. A comprehensive understanding of macroeconomic data and financial systems is vital for success in banking. The course Macroeconomic Financial Accounts helps learners build a solid foundation in these areas, enhancing their ability to navigate the banking industry.
Portfolio Manager
Portfolio Managers plan and execute investment strategies for clients. A thorough understanding of macroeconomic factors and financial systems is crucial for success in portfolio management. The course Macroeconomic Financial Accounts provides learners with the knowledge and skills to make informed investment decisions and manage portfolios effectively.
Auditor
Auditors examine and evaluate financial records to ensure accuracy and compliance. A strong understanding of macroeconomic data and financial systems is essential for auditors to assess the financial health of organizations. The course Macroeconomic Financial Accounts helps learners develop the skills to analyze financial data and identify potential risks.
Financial Planner
Financial Planners provide financial advice and planning services to individuals and organizations. A comprehensive understanding of macroeconomic factors and financial systems is vital for success in financial planning. The course Macroeconomic Financial Accounts equips learners with the knowledge to analyze economic trends and make informed financial recommendations.
Risk Manager
Risk Managers identify, assess and manage financial risks for organizations. A thorough understanding of macroeconomic factors and financial systems is crucial for success in risk management. The course Macroeconomic Financial Accounts helps learners develop the skills to analyze financial data, identify potential risks and implement mitigation strategies.
Consultant
Consultants provide professional advice and guidance to organizations. A comprehensive understanding of macroeconomic factors and financial systems can be valuable for consultants working in various fields, such as management consulting or financial consulting. The course Macroeconomic Financial Accounts equips learners with the knowledge to analyze economic trends and provide informed recommendations.
Insurance Underwriter
Insurance Underwriters assess and evaluate risks to determine insurance premiums. A strong understanding of macroeconomic factors and financial systems is beneficial for insurance underwriters to assess the financial risks associated with insurance policies.
Real Estate Agent
Real Estate Agents facilitate the buying and selling of real estate properties. Although not directly related to macroeconomic financial accounts, courses on financial systems and data analysis can provide valuable skills for real estate agents in understanding market trends and analyzing property values.
Marketing Manager
Marketing Managers plan and execute marketing campaigns to promote products and services. While not directly related to macroeconomic financial accounts, courses on data analysis and financial systems can provide valuable skills for marketing managers in understanding market trends and analyzing consumer behavior.
Operations Manager
Operations Managers oversee the daily operations of an organization. While not directly related to macroeconomic financial accounts, courses on data analysis and financial systems can provide valuable skills for operations managers in understanding business performance and making data-driven decisions.

Reading list

We've selected ten books that we think will supplement your learning. Use these to develop background knowledge, enrich your coursework, and gain a deeper understanding of the topics covered in Macroeconomic Financial Accounts.
Is written specifically for students studying money, banking, and financial markets. It is commonly used as a textbook in such courses, and can serve as an excellent reference to supplement the course.
Is written specifically for students studying international macroeconomics, which focus of this course. It is commonly used as a textbook in such courses.
Deals with econometrics, and will serve as a good reference for advanced students who want to delve deeper into the subject.
Deals with time series econometrics, and serves as a good reference for advanced students taking this course.
Useful reference for students in this course, as it deals with forecasting, which will be covered in the course.
Students in this course are expected to have proficiency in data mining. good addition to this course, as it deals with the use of data in business intelligence.
Provides background knowledge in econometric analysis, which will be useful for the students in this course.
Provides background knowledge about fianacial markets and institutions, which useful reference for this course. It is commonly used in academic institutions as a textbook.

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