Economics for Capital Market Course Overview

In this Economics for Capital Markets course, we will go over important economic principles that impact financial markets, rather than worry about Micro/Macro theory. We will introduce economic events and cover how to differentiate between economic releases and economic indicators. 

Next, we will do a quick refresher on Central Banks and monetary policy, before we dive into specific examples such as The Federal Reserve (The Fed), European Central Bank (ECB), Bank of England, and Bank of Japan, and discuss these institutions and their policies in detail. After having learned about Central Banks, we will go back to economic indicators and give examples of some of the more important ones to be familiar with, such as: Gross Domestic Product (GDP), Consumer Price Index (CPI), Purchasing Managers’ Index (PMI), and Building Permits. Finally, we will end the course by discussing the impact on markets and how the markets should react to economic news vs. how they react in real life. 

Economics Course for Capital Markets Learning Objectives

Upon completing this course, you will be able to:

  • Know how economic principles impact financial markets.
  • Classify & interpret economic releases.
  • Understand Central Banks, their goals, and role in the economy.
  • Perceive how specific markets are impacted by specific economic events.
  • Grasp how market practitioners use this information to trade and invest.

Economics Course for Capital Markets is a Prep Course of CFI’s CMSA® Program

CFI’s Capital Markets & Securities Analyst (CMSA)® program covers the basic, intermediate, and advanced topics about sales and trading, investment banking, and asset management. This program teaches you trading strategies used in the finance and capital markets industry. It is ideal for students who want to learn how to trade different asset classes. The program is completely online so you can take it at your own pace, from anywhere in the world.

Common career paths for students who take the CMSA® are Sales & Trading, Asset Management, Wealth Management, Treasury, Risk Management, and other capital markets careers.

Who Should Take This CMSA® Course?

This Economics for Capital Markets course is perfect for anyone who would like to build a strong foundation on economic principles before jumping in financial markets as economics forms the foundation of our monetary system. This course is designed to equip anyone who desires to begin a career in fixed income, equity, sales and trading, or other areas of finance with the fundamental knowledge of economics.

What You'll Learn

Economics for Capital Markets Overview

Economics for Capital Markets

Free Enroll For Free

Approx 3.0 hrs to complete


From $847.00
Full Immersion Capital Markets & Securities Analyst (CMSA)ยฎ
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From $497.00
Self-Study Capital Markets & Securities Analyst (CMSA)ยฎ
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Path to Certification

Prep Courses

6 courses from beginner to intermediate level.


Core Courses

6 courses from beginner to intermediate level.


Elective Courses

9 courses in advanced and intermediate levels.


Get Certified

Submit your CMSAยฎ checklist and order your certificate.

CMSA Certificate 04Required

Join Our Community

Get access to the Global Corporate Finance Society.


How the Certification Works

Capital Markets & Securities Analyst (CMSA)ยฎ courses are offered 100% online, allowing you the flexibility to start the Capital Markets & Securities Analyst (CMSA)ยฎ program anytime and learn when itโ€™s most convenient for you.
Students must complete all core and 7 elective courses (13 in total) and demonstrate mastery of the topics through successful completion of course materials, quizzes, and assessments.
Within 48 hours of program completion, your Blockchain Verified (CMSA)ยฎ Certification will be emailed to you.

What Our Students Say

Srijan Shashwat
Great introductory course
The course explains the basics of economics in capital markets, and the exercises help the learner put the acquired skills to use. Totally recommend it!
Fabbrizio Villatoro
For all the professionals who work in the banking market, being up-to-date is very important and continuing to study to be more prepared is a personal satisfaction for each person, but this course is excellent
Strongly recommend this course
I sincerely like this course and strongly recommend it.
Helen -
Informative Course
Informative course. Very helpful for if you work in capital market and want to learn about economy impacts towards market.
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Sandesh Athawale
The course content is very good!!!
Yasirul Rizki Amrullah Z
this course so fun and a lot of information that can be applied
As a toddler in capital markets, this is the good meal to strengthen and support my first steps. It is insightful.!!
Bhakti Malde
Economics for Capital Market
Hoang Phuong Huynh
A great course for refresher
Simple and clear explanations.
Michelle Kenfack Mankeh
Course is very informative and helpful in understanding functionalities of financial markets. Highly recommended
Leisley Butete
Miguel Angel Sรกnchez Garcรญa
Its a good course for begginers, thanks!
Economics for Capital Market is one of the most essential courses for students in Economics,it helped me to understand the monetary and fiscal functions and how central bank conduct a true policy when the economic conditions is unstable, explaining macroeconomic indicators and their importance of each indicators, learning how to get the important macroeconomic data in Bloomberg can also be great for those people who don't have a Economic background.
Anelena Sabater Castro
Excellent introduction to economics for capital markets, clearly explained.
J Ranga vignesh raj
Texley Fulaburi
Great starter course for those who could like to invest in stock.markets
Eslam Mohamed Yousif Al Nahrawy
Itโ€™s an important course describes the real world economy
Mohamed Abdi Osman
This lesson gives me huge knowledge about Economic of Capital Markets
Mazwi Magagula
This is by far the best course I've taken to help me properly interpret economic releases. I will greatly profit from the knowledge gained!
Titilope ojo
Learnt new things about the economy
Gareth Kapito
very informative course, especially on central banks.
Aiswarya p biju
It is very good and easy to understanding.
Malavika K V
In this part of course I can thoroughly study about the part of economy in a business market. For conducting a business market we should have a minimum capital. For achieving capital from a business economy involve a very important part in this role.
Augustine Biju
Good going
manisha pandey
I was having a fun while taking this course. And completely satisfied.
Irvin Philip
This course helped me a lot in understanding the references of topics of various business and industrial sectors!
Hamed Pirpour
In my opinion, this course has combined economic issues and capital markets. Hence, we can analyze the impacts of economic variables on capital markets when we finish the course.
It's a great course, devoid of theory, but strong on economic factors affecting markets. Initiation to the Bloomberg tables and data is a first step towards competently analyzing economic events.
Segun Adams
A major challenge with learning Economics is contending with too many theories, models and frameworks that one may not need or that do not necessarily apply in real life. This course, whilst not a degree in Economics, crunches the vast body of knowledge and provides the essentials to help one appreciate Economics in Finance. I totally recommend this course for anyone seeking to filter through the noise.
A market maker (MM) is a firm or individual who actively quotes two-sided markets in a security, providing bids and offers (known as asks) along with the market size of each.
Johnson Onkabetse Gogannekgosi
It is indeed a good course to take it's an eye opener an a true break through into economics
Martina John
Great course, jam-packed with information and gives a clear higher-level understanding of how central banks work and how changes at central banks impact the financial markets. The information provided on the economic indicators section was detailed and knowledge regarding this section can be put into practice when trading live markets.
I have learnt so much from this course. Thank you so much!
John Ngelula
simple and easy to understand.it is very practicle
Chibueze Nwanmah
Awesome and enlightening
Aashish gupta
very informative course in economics in capital market.
Mohamud Abdulkadir Arale
I'm very grateful to you and glad to get a great knowledge of this course Economics for Capital Markets, this completion, so many close friends request to learn also I shared this course and the name of Webpage. Finally, I request to add here other courses. Thanks
harshala Keluskar
good course to understand basic of capital market
Wong Keat Soon
Challenging but acceptable and able to answer.
Oluwafemi Kehinde
The Course was educative and engaging. The real examples very concise and on point. Great course
Muhammad Mujahid
I have never seen better website than this
Yutthapong Chungpitakudom
This course is easy to understand and useful for the new Economics student like me.
Shania Simon
awesome explaination
Mustafa Ali
So Excellent Nice 1st like and comment yesss n view stay connected always. Nice vedio big like๐Ÿ‘๐Ÿ””๐Ÿ””๐Ÿ””Done I hope you come back๐Ÿฅฐ๐Ÿฅฐ ๐Ÿ‘๐Ÿ‘๐Ÿ‘๐Ÿ‘โค๏ธ ๐Ÿ’™๐Ÿ’›๐ŸŒธ๐ŸŒธ๐ŸŒบ๐ŸŒบ๐Ÿ’œ๐Ÿ’–๐ŸŒน๐Ÿƒ๐Ÿ’ž๐Ÿ’๐ŸŒฑ๐ŸŒท๐Ÿ’๐Ÿ’•๐ŸŒฟ๐ŸŒฑ๐Ÿ’“ Make Social Media pages Like FaceBook , Instagram , Twitter that we invite more Friends for like ur page and Grow Up. ๐Ÿ‘๐Ÿ‘๐Ÿ‘โค๏ธ๐Ÿ’™๐Ÿ’›๐ŸŒธ๐ŸŒธ๐ŸŒบ๐ŸŒบ๐Ÿ’œ๐Ÿ’–๐ŸŒน๐Ÿƒ๐Ÿ’ž๐Ÿ’๐ŸŒฑ๐ŸŒท๐Ÿ’๐Ÿ’•๐ŸŒฟ๐ŸŒฑ๐Ÿ’“ YouTube : https://bit.ly/2PBEung
Tennie Thesalonica
I've got so much new knowledge and refresh my mind about finance through this course! Thankyou!
Kingsford Onyina
The course was very comprehensive.
Ibrahim Olatayo SHITTU
Laurence Zurmuhl
Great course. Lots of good material presented well.
Vishal Sharma
A fantastically designed informative course and a must do for all finance students. Great insights offered ๐Ÿ‘๐Ÿป๐Ÿ‘๐Ÿป
Very good coverage of the subject, the events and the practical events. The final assessment test could have been little more probing.
Omowunmi Akeju, MBA
Quite an eye-opener and extensive coverage of important economic matters.
Grisha Munjal
I found this course a little useful. However, this is specific to a few banks of the world which was not much beneficial for me.
Kwong Sang Yeung
This course is designed for the beginners who are interested in economic for capital markets. The course is informative and presented with demonstration.
Daniel Dankyi
Taking this course has been an exciting and interesting one and I'll recommend it to everyone if you want to know and understand the economics happening around you and globally.
Prem Sinha
The session was awesome i learnt a lot from this topic and tutor was amazing, I really appreciate it.
Abhinav singh
I am really grateful my friend recommended this course. the way it was designed and the way it was illustrated by the instructor , I really had no difficulty understanding the concepts. Believe me, I am leaving much informed than I was.
Joan Kinya
I learnt a lot about how the markets react to different economic events and the presenter was very indulging
Hazel Asantewaa kissi-Dankwa
great content
Khadijat Kareem
It is really insightful and clear.
Florence Ami Kporvie
Kriya Kothari
The course was well designed and informative. The course enlightened on various major economies across globe and how they work. It gave detailed information on their functioning, releases and affects along with how to review it on Bloomberg. Well designed and informative. It could be more informative. Overall had a good time learning here.
Tarun Vamshi Reddy Konreddy
This course really gave great insight into how Economics affects the capital markets.
Niv Herscovitz Kriger
The course explain very clear how do economic variables impacts on the formation of prices in the assets in the economy.
Rejoice Ntini
The course delivered good practical background hence giving it 5 stars, I would strongly recommend CFI aligning itself with a University to transition it into a degree.
sadia fatima
I am so obssessed to visit your website & completing my course . This course has informed me about the INTERNATIONAL MARKETS , market practitioners , trade releases, etc. The course outline has helped me out to understand the criteria followed by the CAPITAL MARKETS . I am overwhelmed to become a part of this online oppurtunity & it has opened a wide range of information towards global markets.
Anudeep Chandak
try solving mathematical problems associated with the theory mentioned.
dnyaneshwar Nikam
Nice course
Everything was amazing and i would like to thank you for the oportunity you provided me to learn the things i learnt tonight.
Okware Emmanuel
This is a great course, I loved the content, engagement and clarity with concepts. Thanks you!
Biswajit Mohanty
As a Profession Of Ladder Come Through Learning,Go Through It Find Out Your Object
Adil Kamal
Naman Agarwal
we can say that the course was very easy to understand by the way he delivers the slides
Mayur Kolte
Great Advanced Course
Santosh Vyavhare
Good course
Halima Siddiqui
This very helpful to have primary knowledge about the economic in capital market.
Shreya gangwar
Whenever we are doing any course its for certificate kindly provide it .
Dlamini Nozipho
The course was really great and very engaging and interactive. Content is so up to date, easy to understand.
Tooba Akram
Overall its very good. adding more case study or animation enhance the course delivery
anurag pandey
John Obiam
I want to thank the CFI institute for this opportunity they opened to help young scholars. Thank you.
Romaric Christian Tuwindpulongo Yougbarรฉ
This course is really worth taking ! Amazing and inspiring, thank you so much !
Amรฉrico Roger Choque Usca
This is an interesting and easy course to introduce to the capital markets. If you are starting in the financial world, you need to get this course right now! It will be a good experience for you!
Syed Arhum Ahmed
The content was wonderful. However, more material related to past economic disasters can be added.
Laxman Agrawal
It was very good for Increasing knowledge. The one who has very basic knowledge about How to Economy works and What the Concepts in the World Markets Economy should definitely give it a try. This will help us in widening our thinking Approach with regards to Economics.
Shwetha K
I feel it is wonderful course and everyone can try and it gives the best information and I felt happy
Debabrata Das
This course helped me a lot in understanding the underlying concept of economics that shape the modern day capital markets. Thank you for this course.
Imtiaz Ahmed
This course is much more helpful for economics and business learners
yaoting mao
good material.
Anmol Kapoor
Being an economist student this course gave me a practical & financial aspect of the subject. Indeed a great learning experience!!
Ibrahim Shelleng
Thoroughly enjoyed this course as the practical examples made it more engaging and easier to understand. Would certainly recommend it to others.
Jorge Morales Ibaรฑez
This course given me the tools to understand and to increase my confident in market analysis and how it affect move market. I strongly agree with contents
Gehna sharma
Thanks to CFI for providing such a valid and interesting courses
Deepali Bisht
The course was easy to comprehend and instructions given to operate the database were quite clear. it covered all the basics required to build a base for the capital market study.
Rohan Gawde
Daniel Doruba
Great course! it sums up very well the desired topics for the Economics used in the the Capital Markets.
yara saeed
Very good course
Bhavin Raithatha
Would Strongly recommend to all Banking and Financial Sector professionals.
arvind malviya
In commodity market all things related to this course covered.and it is very useful for fundamental of economy of commodity market.
Olayinka Awolusi
The course is well explained and interactive
Adolf Josef Yao
I am very grateful in participating in this online course. it helps me a lot in understand how economics affects the capital market. hoping to learn more with other courses. thank you
Takalani Ligudu
This course is absolutely amazing for those interested to know how the markets operate generally and for someone starting a career in the Financial Markets , it gives you a better view . the Topics are covered well by the instructor. Looking forward to registering more with CFI.
Yousaf Younas
It's really nice to attend this course classes in detailed to enhance my knowledge about economic in capital markets. Hoping and confident to use this knowledge for my career developed.
Santosh Adhikari
This course provides vital knowledge on how you should process all economic news and information around the world with your trading.
Alberto Rashid Orihuela Paredez
A very didactic course. Perfect for updating the concepts I learned at my university in finance and capital market courses. The course is highly recommended.
Eddy Sebastian Guizado Sotomayor
This is an excellent basic course if you want to know more about economics for capital markets
loveday obioma
i strongly encourage, finance & economics student to give it a try. very informative, detail, clear and interesting.
Ravichandran Rajagopalan
Resources are very useful. excellent lecture by the faculty. lot of insights and learning. modules are aptly arranged. Must for finance practitioners in the stock market
Kishore Srinivasan
Very neatly explained.
Neha Saluja
Hi Team, I am really very grateful to you all for this online free course opportunity , the course are design and explicited in an excellent manner. I have learned many new concept through this course.
Patrick Githinji
I am a beginner investment analyst and this has helped in training and getting to know more what is in for the economy.
farice Drabo
It's just a good and worth certification.
Jawaria Khan
The course is too fruitful for learning. The overall lectures are excellently delivered through videos and pdf file and also the interactive session is so interesting as well. Will be recommend to others to take this opportunity through this platform the CFI is providing..
A Good course to understand the application of economics in capital market operations
Pankaj Gariya
I came to learn a lot of advance economic policies and indicators that drives an economy all over the globe. Thank you a lot for availing course for free and I recommend you all to take this course and have a practical and core understanding about economic indicators impacts for the country's productivity outcomes all over the globe.
Jeremiah Olarewaju
The course gave me great insight and knowledge on types of economic releases, how the financial market reacts to economic releases and how various market players trade on these economic releases to mention a few.
Abdullah Alshammeri, PMPยฎ, eMBA
The course is impressive, Thank you It's good to have the quizzes and assessment in PDF form and we can download them.
Joao Higino
Real world tophics and analyzes in understanding the markets and central bank descisions make, trade, monetary policy and rate. Love it
Stuart Jason Knell
In this "Economics for Capital Markets" course, you learn a lot (an awful lot) about Central Banks, etc. And, you'll learn fascinating words such as "fastidiously", a word that I have never encountered even in the entire CFA L1 curriculum. Strongly recommend inserting toothpicks on outside of eyelids to keep them open and placing pillows around you on the floor just in case you pass out from utter boredom. This course is about as exciting as my first marriage... or watching a freshly painted fence dry. Good thing it eventually ends and you can move on to the next course which is much more fun. Enjoy! :)
Tesfaye Bishaw
Economic Event, Economic Indicator, Central Bank, BoJI, Trading around Economic release,
Handsome Wabataore
The guy doing the voice over knows how to explain the concepts and principles so well
Paulo Vinicius Caetano Fernandes
Thanks for the opportunity of participating as a student! Congratulations for the quality and for offering such an awesome product 100% free! By the way, the certificate is gonna get stunning in my wall!
Ibrahim Aljubili
very interesting course, unfortunately i try to download a certificate of completion but i cant could you help me please in this mutter?
Ikhtiar Ahmed Khoso
Excellent explanations
Nikhil Modi
Will surely give 5 star if this course had subtitles and more details along with pdf book

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CMSA Certificate

Capital Markets & Securities Analyst (CMSA)ยฎ Program

The Capital Markets & Securities Analyst (CMSA)ยฎ program will teach you the many asset classes, trading strategies, and procedures used in the capital markets. It is ideal for any student who wants to work in capital markets, whether on the buy-side or the sell-side. This program will give you the experience to make investment decisions and utilize appropriate trading strategies for different scenarios.


From $847.00
Full Immersion Capital Markets & Securities Analyst (CMSA)ยฎ
Buy Now
From $497.00
Self-Study Capital Markets & Securities Analyst (CMSA)ยฎ
Buy Now