ADMS 4501 Final: 4501 class notes
9 Jun 2017
School
Department
Course
Professor
Document Summary
If you want to be successful in finance, you must focus on macroeconomics. Usually emerging countries have a gdp growth rate of much higher than developed countries for example usa and canada is aound 2%, Most central banks around the world usually have an inflation target. Usuually those economies are either undershooting or overshooting those inflation rates. Usually most places in the world are undershooting the inflation rate. Because people were expecting one thing, and another thing happened instead. *how the economic machine works, by ray dalio. Productivity growth, short term debts cycle , long term debts. The government consists of two parts: central government, and central bank. The central bank influcnces interest rates and prints money. Credit is te most important part of the ecnomny. It"s the most important because it"s the biggest and most volatile. Credit helps lenders and borrowers get what they want.
