ECON 123
Forecasting Exchange Rates and Constructing Currency Portfolios
Description: (Formerly numbered M123.) Lecture, three hours; discussion, one hour. Requisites: courses 41, 102, 103, 103L, or consent of instructor. Enforced corequisite: course 123L. Study of main theoretical models of exchange rates and how to design computer codes to make real-time exchange rate forecasts by applying such models to real-world data. Different statistical tests to evaluate accuracy of forecasts and to assess risk-reward trade-offs of currency portfolios. Students gain applied research and presentation skills. Discussion of books and newspaper articles about financial markets and impact of economic news on exchange rates. Students expected to be familiar with use of spreadsheets, such as Excel. Coding basics is highly recommended. P/NP or letter grading.
Units: 4.0
Units: 4.0
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Most Helpful Review
Fall 2020 - Easy A class. Professor Tornell cares about his student and is extremely nice. However, I learnt almost nothing from this class. All the testable materials includes only a few simple formulas which in my opinion can be covered in one class. The course would be better and more informative if Professor Tornell can cover more of how to do coding to perform transactions. He intended to do so and did talk about it a bit in discussion, but those are not at all in depth and I understood almost none of them. I don’t regret taking this class at all, since an easy A with minimal workload is ideal for me when I am busy with other stuff throughout the quarter.
Fall 2020 - Easy A class. Professor Tornell cares about his student and is extremely nice. However, I learnt almost nothing from this class. All the testable materials includes only a few simple formulas which in my opinion can be covered in one class. The course would be better and more informative if Professor Tornell can cover more of how to do coding to perform transactions. He intended to do so and did talk about it a bit in discussion, but those are not at all in depth and I understood almost none of them. I don’t regret taking this class at all, since an easy A with minimal workload is ideal for me when I am busy with other stuff throughout the quarter.
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