Macroeconomic & Industry Analysis

Objective

• Understand risk in the context of firm performance and industry environment

Reading

• Chapter 17: Economic and Industry Analysis
• Slumps that Shaped Modern Finance @ The Economist
• FedWatch Tool

Assignment

• Begin the economic and industry analysis of the equity valuation project

Bloomberg Macroeconomics

Macro Metrics

Gross Domestric Product (GDP)

See the Data

• Review Video: Khan Academy

Unemployment

See the Data

• Unemployment @ Khan Academy

Consumer Sentiment

See the Data

Industrial Production

See the Data

Inflation

• Consumer Price Index (CPI) See the Data
• Inflation @ Khan Academy
• The Money Supply @ Khan Academy
• The Quantity Theory of Money @ Marginal Revolution University

Interest Rates

International Trade

Foreign Exchange

• Video: Khan Academy

Balance of Payments

• Video: Khan Academy

Business Cycle Theory

Keynesians

Monetarists

Real Business Cycle Theory

Austrians

Industry Analysis

Industrial Organization

• Monopoly / Monopsony
• Oligopoly / Oligopsony
• Monopolistic Competition
• Perfect Competition

Business Leverage

Optional Infotainment

Keynes vs Hayek - “Fear the Boom and Bust”

Keynes vs Hayek - “Fight of the Century”

Cryptocurrencies