Money and finance play a deeply fundamental role in your life. Now, let an expert professor lead you in a panoramic exploration of our monetary and financial systems, their inner workings, and their crucial role and presence in your world.
As a guiding theme of these 36 content-rich lectures, you observe the ways in which economies require efficient and evolving financial institutions and markets to fulfill their potential. In building a full view of our financial system, you delve into these and other vital subjects: central banks, commercial banks, and the Federal Reserve; interest rates and interest rate policy; bonds and stock markets; and foreign exchange and international banking.
Across the arc of this lecture series, you'll tackle key topics that shed light on the functioning of our financial system as a whole. You study the critical subject of inflation and its relationship to the consumer price index and to excess money growth. You'll investigate the causes and implications of the federal deficit and the national debt. In the international arena, you'll learn about the implications of trade deficits in global economic relationships and the question of monetary policy coordination between nations, weighing the significant benefits to the global economy of cooperation between central banks.
This is a rare chance to gain a grounded understanding of our monetary and financial systems, and to grasp the vital elements of finance that directly affect our way of life, our national concerns, and your own life and future.
PLEASE NOTE: When you purchase this title, the accompanying reference material will be available in your Library section along with the audio.
©2012 The Teaching Company, LLC (P)2012 The Great Courses
Baseball Fan and Hawaiian Music Afficianado
I admit it, I am a bit of a geek when it comes to social studies, particularly history, politics and economics. I am absolutely fascinated with the ways that humans interact with each other. In fact, I have often thought about going back to school to study economics.
Professor Salemi clearly understands the material, inside and out. What's more, he presents the material in a way which is not only clear but compelling and interesting. He is able to speak at a level which is accessible without being condescending.
I listen to a lot of spoken material (I am in the middle of two other audiobooks now and I subscribe to several podcasts). I find myself rationing this one because I like it so much that I want to save it for a time when I can really enjoy it.
My only critique (and the reason why I gave four stars for story) is that some of the material is very basic and information that I have known a long time. As I said, I am a bit of a geek with social studies. For me, it is a good review. If you are unfamiliar with money and banking, it is good that Professor Salemi outlines the basics.
Two thumbs up!
Let admit, it is a long book but I will come back to it all the time. I like the way the author simply complicated concepts. I was listening to it during my commute hours so I had to forgot all the math and graphic part.
If you don't know how bank works please check out this book. It is great.
The concept of money creation.
The evolution of money concept from barter to stocks. The importance of inflation control. The changing value of money other time.
I do not recommend this book. The author presents an extremely conservative and biased view on the economy. When he describes banking, he sounds like a traveling agent: banks are great, FED is amazing, derivatives are important. At the same time, he does not present enough information about flaws and potential downsides.
Talking about mutual funds, he talks on "how much time you can save not picking your portfolio by yourself" but does not mention that not many of them do actually perform better than the market and forgets about ETFs completely. Speaking about derivatives, he starts with quoting Warren Buffett: "derivatives are the weapons of mass destruction" but forgets to elaborate on downsides completely, presenting only how important instruments they are. He barely touches CDOs but that's not what Buffett was referring too so it sounds very incomplete. Those are just examples. Every single chapter is written that way.
Extremely one-sided. I will return the book. Avoid it. Try "Economics" by Professor Timothy Taylor instead and you will not be disappointed.
For me it was the part about A-symmetrical information.
There where no scenes?
I'm a Forex trader, stock trader, and real estate investor and i can honestly say that i will use all of the information in this book day to day.
I would recommend it to all my non economist friends to further their understanding of how money actually works.
The passing is a little off and some concepts are difficult to explain without having a visual guide
Not so much learned but confirmed, then again i work on the banking industry.
This i a must read/listen for everybody who is thinking about enrolling on economic school. It could save you some days of studying.
The speaker constantly refers to graphs and charts... it would be great if I were sitting at a computer watching it, but then it wouldn't be an audio book would it? Also, the speaker has long unnatural pauses in between words, to the point that I have to check to make sure its still playing.
Listen to "How the Stock Market Works" from the Great Courses... it's not as in depth, but it's an easy listen, with an enthusiastic speaker, and gives a great overview.
Classics, history, historical fiction, marketing, Napoleonic stuff and of course 'Boys own Adventure'. This is my bent. Occasional self help as well.
Professor Michael Salemi has convinced me that the banking system is important, in fact you could say has created the modern world however I don't think I am any wiser on how it all works. Based on the US system he does touch on Europe and a little on Asia. He isn't the best narrator but he does know his stuff and comes across as honest and real.
Not if he is the reader/presenter. I'll bet his students struggle to stay awake in the classroom. The material he presents is valuable, albeit not particularly new or unique, but his presentation is sorely lacking
Yes. Great concept.
See the headline for my review. . .
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