Studying the financial markets is important because it enables you to know how different markets fluctuate, how interest rates affect prices and how different variables like inflation, unemployment and deficits change the state of the economy. The most basic knowledge of these topics can be learned in high school and there is no reason why you shouldn’t retain this knowledge as you progress through your education. Of course, the more you study the better your chances are of passing the exams required for entry into the professions that require a good amount of education and experience. That is why you need to study the economy before taking the exams.
In order to study the economy financial markets, you need to have some very specific and at-the-moment questions that relate directly to the economic theories that you have learned throughout your schooling. For example, one of the questions on the economics MBAs that I was asked which concerned the effect of a rise in interest rates on the economy. I confidently answered “A rise in interest rates will cost money”, and I was correct.
The question then becomes, “How will the cost be measured?” Fortunately, the designers of the MBA classes designed the questions so that they are not academic puzzles. They ask the right questions that anyone can answer with some simple information. Someone looking for answers to these questions would naturally search for the “How will the economy financial markets take my exam for me?” questions on the internet.
Fortunately, finding someone who has already taken the exam for the MBA and is willing to share their answers is much easier than it used to be. Just go online and search for “economy financial markets take my exam for me” and see what comes up. Sometimes you will find a blog where someone has already answered the question and you can read their thoughts and reactions to the market scenarios. Other times, you will be able to read the study guide that comes with the class and you can see exactly how the question is being answered and the economic concepts being discussed.
There are two kinds of people that take the exams for the MBA; the first are people who want to enhance their career opportunities but do not want to invest the time and effort into learning the economics curriculum. They might simply prefer to know which economic concepts and models they should use when making their decision. This is perfectly fine. Many people enjoy predicting the market and are happy to show others how they came to the conclusions they came to. The other group of students are trying to improve their financial management skills and would like to learn about the different economic theories and how the models they are using to make economic sense. These students may need to further their education or perhaps even get additional training in order to apply these economic concepts to the real world.
There are many books available to help students learn the basics of economic concepts. These books generally contain multiple appendices that offer further explanations for each model presented within the book. If you choose to buy a text book rather than using a book that is already included with your MBA program, make sure that the book explains the concepts clearly and efficiently. It is also important to find out whether the book is empirical or based on theory only and whether the student will need further learning on the specific topics that are covered in the text book.
The other option is to use the tutorials and online materials available through the MBA program itself and to further our understanding of how the financial markets work. These materials can often be found on the MBA website or through visiting the Office of Strategic Management. Again, the emphasis should be on presenting the models as being part of a larger economic thinking community rather than a singular perspective that are required by the short essay question that is used for the exams. The tutorials and online educational material should help the student see how the various models can be applied in the real world and how they can provide a better framework for understanding the economy. As long as these tutorials and online educational materials are part of the curriculum requirement for the MBA program, then the student will be well prepared for the financial markets exam.