MABE: Past Exam Questions

Here's the exam questions in 2007, which may (or may not) be useful for your revisions.

Please note that

• Some part of the course has been revised, especially the part covered by Dr. Surach, which is incorporated only this year. So question 3 in the old exam is no longer applicable this year, for example.
  
• The old exam questions are meant to give you some idea of the style of questions that could be asked in exams. The actual contents of the questions need not be similar, so do not base your revisions solely on these questions. The safest approach is to stick with what is covered in the lectures.
• For reasons outlined above, I will not provide solutions to these exam questions. If you wish to cross-check your answers, the best way would be to consult among your friends.

Exams-related questions are welcomed. Leave your message!

MABE: Monetary Theory and Policy (Dr. Surach)

Here's a collection of course materials for lectures delivered by Dr. Surach.

MABE: Simulation Game Data, and Other Comments

First of all, I hope you are already aware that tomorrow class (Sat 5th) is postponed to Sunday 13th! Check out the updated schedule here.

Next, regarding the simulation game, links to various data sources can be found at the following:

• Economic Data @ Economics Network
  

For those writing Fed reports, you may want to go straight to the following

• US Economic Data @ FRED

Those writing ECB reports, please see

• EU Statistics @ ECB

Do let me know if there is any other data series which you want, but cannot obtain from the web. I'll try to get them for you if possible.

MABE: Extra Readings for Lecture 4

Here are some extra readings for lecture 4 which you may find helpful.

For a comprehensive coverage of instruments in the money market (eurodollars, fed fund futures, swaps etc) please check out

• Instruments of the Money Market: by Richmond Fed

On how to infer market expectations from the prices of these markets, please see the following introductory article

• Gauging the Market's Expectations about Monetary Policy: by San Fran Fed

Do check out the references therein, which include a more detailed paper and a speech by Ben Bernanke on the topic.

I have gathered some of these papers plus additional ones that may be of interests, and you can download them HERE. Most of these go well beyond the scope of this course, so you only need to read these selectively!

MABE: Lecture 6 Note

Here's the final note for my final lecture

• Lecture 6: The Stock Market

Dr. Surach will take over from Saturday July 6th onwards. Drop me any questions in the meantime, either via email or on the chat box to the right. And check this website periodically, as I may post some materials.

MABE: Lecture 5 Note & Some Fixed Income Readings

Here's note for

• Lecture 5: Foreign Exchange Market

Some readings on forward rates computation, and duration/convexity etc as requested

• Fixed Income Readings

Quote of the Week

Questioned whether the EU leaders discussed foreign exchange intervention, Jean-Claude Juncker said

"Would we have done so, I wouldn't answer the question, but we have not done so. Would we have done so, I would have denied that we did"

MABE: Lecture 3 and 4 Notes

Here're notes for

• Lecture 3: Explaining Movements in Interest Rates and Term Structure


• Lecture 4: Market Expectations of Interest Rates
  

A couple of excel files shown in class are included in the pack.

MABE Simulation Game: Primer on Economic Data

In your assignments, the reports (both economic and financial) will need to discuss the implications of real-life incoming economic data. To understand what these are, and what they mean, a good place to start would be the following 'primers'

• US Economic Indicators (@ Forex)
• Euro-Zone Economic Indicators (@ FXwords)

For basic explanation on economic indicators, e.g. what does 'annualised' mean etc, please see

• Economic Indicator User Guide (@ FX words)

More materials to be posted here. Do check back.

MABE: Lecture 2 Fixed Income Securities

Here's lecture ppt file.