Bloomberg Market Concepts: How College Students Can Improve Their Financial Literacy in Under a Month

In today’s world, financial literacy is more important than ever. As the world goes through major economic changes, it is imperative that people understand how their finances will be affected by external forces such as wars, pandemics, or technological advancements. However, with the help of Bloomberg Market Concepts Coursepeople can improve their financial literacy and better prepare for the unknown.

But what are Bloomberg Market Concepts (BMCs), you ask? The BMC curriculum includes various subjects that introduce students to the world of finance. With this self-paced online course, students can build financial literacy, learning in-depth about GDP, inflation, deflation, the stock market, and many relevant topics. Most importantly, students have access to the Bloomberg Terminal, a platform created by Bloomberg to investigate several areas of the financial market by selecting promising stocks and building portfolios to analyze performance.

The BMC course is extremely valuable for finance majors and anyone interested in learning more about our economy. Finance majors can study the BMC to stay ahead of the competition by gaining a deeper understanding of economics. For those who are not interested in finance, this course is still beneficial in many ways. By learning more about our economy, people can better understand the world around us and the impact money has on almost everything we do. The course awards students a certificate to authenticate their course completion, which can bolster their resume and lend themselves to impressive conversations during interviews or day-to-day interactions. Ultimately, this knowledge will equip BMC researchers with the ability to make smarter financial decisions.

The BMC course has many topics, but students only need to complete four modules to earn certification starting with a lesson on economic indicators. Through this topic, they will learn about GDP, inflation, and unemployment rates, which allow economists to make short-term and long-term predictions about the state of the economy. The second module includes information on the different types of currencies that exist within our financial market and their interactions with each other. Next, students are taken through exercises in fixed income, focusing on the bond market, bonds, interest rates, and bond risk. Finally, the fourth module on stocks connects all the concepts, further demonstrating the interdependence of business and finance. This particular module contains more information about the stock market, stock volatility, stocks, absolute valuation and relative valuation.

After taking this course myself, I look at the world differently. Before, I didn’t know much about economics other than a few words like inflation, deflation, stocks, hedges, and bonds, but I didn’t understand their functions. But now I see the world through the lens of an economist, carefully analyzing social and political transactions and their impact on financial markets around the world.

Louis R. Hancock