Money and Markets from the Beginning

What money is and who creates it, how a payment travels from a phone to a central bank, and the one piece of arithmetic the whole subject rests on; then a company's accounts, the markets for shares, bonds, funds, currencies and derivatives, portfolios and risk, and the crises, rules and ethics that hold the system together. Every balance sheet on a plate balances, every price is computed in the page, and every number about the real world names its source and date.

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A Curionode course. This is education, not financial, investment, tax or legal advice: no plate recommends a product, a provider, an allocation or a trade, and rules differ by country and change over time. Nothing on this site is fetched from a third party, and your progress stays in your browser. Data: US government series (BLS, the Federal Reserve Board, EIA, FHFA) and Freddie Mac via FRED; World Bank and OECD consumer prices (CC BY 4.0); Kenneth R. French's Data Library. Each chart names its series and the date of the snapshot. The course is not affiliated with CFA Institute or any examination body.

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