ECON M123
Foreign Exchange Market and Exchange Rate Forecasting
Description: (Same as Honors Collegium M109.) Seminar, four hours. Introduction to forecasting of exchange rates. Theory linked with real-world data through use of powerful computer platform called Tradestation in computer laboratory. Analysis of how foreign exchange market works, what financial instruments are used in this market, and what main theoretical determinants of exchange rates are. Generation of exchange rate forecasts by combining theoretical concepts with real-world data using concepts and techniques from computer science, linguistics, and statistics. How to write simple codes to generate exchange rate forecasts and to evaluate accuracy of student forecasts. P/NP or letter grading.
Units: 0.0
Units: 0.0
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Most Helpful Review
Winter 2020 - Prof. Tornell is probably my favorite Econ professor so far. He's really kind and helpful, and you can tell that he cares a lot about the content and his students. Because of the coronavirus, the final was optional for us, so I opted out. However, I can talk about the midterm. TBH it was pretty tricky, but if you actually understand the content and aren't just cramming, you should do well. There isn't even a lot of content to learn; he covers like 8 scanty slides per class. His homework can be tricky sometimes as well, but you get a 100% for just turning it in. I really liked this class. I feel like I learned lots of valuable real life knowledge and it forced me to keep up with economic news. I loved that we focused more on real-life applications than just theory. That's pretty rare for an Econ class. Negatives: he teaches really slowly. It's p. annoying in the first few lectures but you get used to it, and it's kind of great because there's less content to study lol. There were some stuff on the first few homework assignments that were never covered in class. That was frustrating. The TAs NEVER respond to emails. Don't waste your time. The professor might respond if he's in a good mood.
Winter 2020 - Prof. Tornell is probably my favorite Econ professor so far. He's really kind and helpful, and you can tell that he cares a lot about the content and his students. Because of the coronavirus, the final was optional for us, so I opted out. However, I can talk about the midterm. TBH it was pretty tricky, but if you actually understand the content and aren't just cramming, you should do well. There isn't even a lot of content to learn; he covers like 8 scanty slides per class. His homework can be tricky sometimes as well, but you get a 100% for just turning it in. I really liked this class. I feel like I learned lots of valuable real life knowledge and it forced me to keep up with economic news. I loved that we focused more on real-life applications than just theory. That's pretty rare for an Econ class. Negatives: he teaches really slowly. It's p. annoying in the first few lectures but you get used to it, and it's kind of great because there's less content to study lol. There were some stuff on the first few homework assignments that were never covered in class. That was frustrating. The TAs NEVER respond to emails. Don't waste your time. The professor might respond if he's in a good mood.
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