The first three day session for Module 3 is behind us. What a world of difference good lecturers make. Andrew Abdo takes the angst out of financial accounting and Adrian Saville is eloquently guiding us though the vagaries of macroeconomics.
With another 4 day session coming up we can expect to become even more immersed in these subjects.
Our accounting preparation included a 10 hour computer based learning assignment from Harvard. If only accounting had been this well explained in first year varsity. Andrew Abdo then used his experience as an MBA alumnus and training expert to use simple graphical methods of relaying complex concepts.
In our macroeconomics sessions we have been covering case studies from a smörgåsbord of countries including the Nordic countries, the Dominican Republic, Vietnam and Botswana. We are being introduced to the complexities of competitiveness in a country. How does economic growth affect inflation? Will productivity or technological advances reduce unemployment? Will reducing the M3 money supply reduce interest rates? How are exchange rates influenced by the balance of payments?
There are more questions than answers at this stage, but they are keeping me up at night. Within the next two weeks I will have a framework in which to navigate these waters. These two subjects are incredibly important in the search of financial enlightenment. Without this enlightenment you may well be a victim of recessions rather than a shrewd champion.
See you at GIBS
