This website uses cookies to ensure you have the best experience. Learn more

The Three Most Important Things I Learned In This Course

1876 words - 8 pages

The course that I took this term on money and banking was of great value to me. It taught me some very important things. One of the most important things that I learned in this course was that the Federal Reserve is the best resource for information concerning the economy. Another important thing that I learned was that interest rates mean different things to different people. A third very important thing that I learned was how a financial crisis can start in the United States.

There is an abundance of information about our economy on the television newscasts, in the newspapers, and on the Internet. A lot this news is very confusing, particularly when one article contains information that conflicts with another article. This sometimes happens within the same day. One day you may be watching the news and hear that the interest rates and inflation will be rising soon and rapidly, and the next minute you hear the interest rates and prices will remain steadily under control for some time. To complicate things even further, the news is oftentimes clouded with opinions or biases. I have learned in this course that the best way to get an accurate account on issues concerning the economy is to go straight to the source, which is the Federal Reserve.

The Federal Reserve System makes it their business to know where the economy is headed and how monetary policy may affect the economy. Goals of the Federal Reserve System include high employment, economic growth, and the stability of financial markets, foreign exchange markets, prices, and interest rates. That being said, it became obvious to me that the Federal Reserve System is the proper resource for matters concerning the economy. I can access their website anytime to find the latest economic outlook, and I am confident that this is information that I can trust.

Some of the information that I find most valuable is within the press releases of the Federal Open Market Committee. This 12-member committee, which is headed by the chairman of the Federal Reserve Board, sets credit and interest rate policies for the Federal Reserve System. There are 8 scheduled meetings of the FOMC throughout the year. There are sometimes unscheduled meetings also held during the course of the year. I have found that reading the press releases of the FOMC can give me a pretty decent understanding of what is going on in the economy. For example, the press release that followed the latest scheduled meeting of the FOMC on April 28, 2010 revealed that our economy is starting to show improvements in the labor markets. It predicted that the economy is likely to continue with a gradual recovery.

It is far better to go to the source, the Federal Reserve, to find out the facts about our economy than to rely on the newscasts. The newscasters are not the experts when it comes to matters of the economy, banking, or finance. I would much rather rely on the Federal Reserve System to tell me that household spending has...

Find Another Essay On The Three Most Important Things I Learned in This Course

This Report Is About The "Scarlet Pimperne"L. Main Characters, Setting, Ten Important Events In The Plot, And A Lesson I Learned From This Book

1883 words - 8 pages circles, was lavishly gifted with talent and beauty. She was thought by many to be the most beautiful and the cleverest woman in Europe. She had one fault, her unfathomable love for her brother, Armand whom she raised from childhood. She was a woman of deep emotions and unrelenting pride. This caused her much grief and anguish and despite the extent of her intelligence, she was unable to discern the events that were happening around her.Monsieur

Lessons from the Locker Room This essay talks about several things that I learned in my time as a football player

1941 words - 8 pages myself in the middle of a close-knit family. At that point, I understood very little of what was happening. However, I knew for sure that I wanted to learn more. That season ended at our rival's field in defeat on a cold night in late November. In the locker room after the game, most of us cried as we realized what this meant for the seniors of that year and for that team. For the first time, I watched guys cry and hug each other as they used

Significant Things I Have Learned from the Readings on Distribution

774 words - 3 pages Significant things I have learned from the readings on Distribution This paper summarized the most significant thing I learned from the readings on distribution (text and articles). The most significant thing that I’ve learned is that the coverage of distribution can be viewed ranging from intensive to selective to exclusive distribution. Other learning is also covered in this paper. Intensive distribution is where manufacturer

The Most Important Issues on Organisational Change in Literature in the Last Three Decades

1037 words - 5 pages contexts, situations and contingencies. For this reason the effective management of changes is fundamental for the survival and success of the organisation and different approaches and means of managing change are necessary for different types of change. This brief literature synthesis will first analyse the most important issues on organisational changes identified by the literature during the last three decades further to Armenakis (1999) and

What is one of the three most important scenes in "A midsummer Night's Dream?" Why?

747 words - 3 pages The first scene of 'A Midsummer Night's Dream,' is one of the three most important scenes in the play as it establishes what the play will be about. The scene tells us a lot about the story, and the information is vital for the audience to understand the story shown in the play. This information includes Theseus and Hippolyta's love, the Athenian law, Demetrius and Lysander and what Egeus thinks of them, Hermia and Lysander's love, and Helena's

What I learned this year

740 words - 3 pages I have gained knowledge in each of my classes, but the greatest piece of information I have gathered is from my Business Competition 109. This course is taught by professors Crawford, Huston, and Polito in St. Francis Hall. The courses goal is to teach us teamwork skills, small business skills (being able to start one and the ability to run it successfully), and the time management since the course is on a schedule. The idea to separate the

What I Learned This Year

1016 words - 5 pages everything in his power to prevent the Little Rock Nine from attending Central High School. For years, all of Arkansas’ schools were shut down so that the eight couldn't go to school. (One of the nine had graduated by then.) The events that I learned about this year in all classes have impacted me immensely. Overall, I’ve learned to keep flying. No matter what people say, it’s best to persevere. Even when others don’t believe in you, you must believe in

What did I learned in English this Year?

677 words - 3 pages School is believed to be a place designated for students to receive only academic lessons, but people don’t understand or get to imagine how school can influence and change their lives. In each class different subjects are taught, but besides test, notes, and books, schools are second homes where we all grow up. This year in English class, not only did I learned a bunch of academic stuff, but also personal life lessons. Throughout the year, as

What I have learned this term

829 words - 4 pages Presentation, has enabled me to learn several techniques to enhance my public speaking skills when delivering a presentation. One concept that has helped me improve my public speaking skills was finding Supporting Material in a presentation. Supporting material is research you gather about your topic to describe or support your central idea. From this class, I have learned how important it is to have supporting material when presenting your arguments

3 most important texts this semester

727 words - 3 pages This last semester was a very crazy, hectic, semester filled with lots of fun and not so fun days. My English class was one of those classes where some days I was very interested in the stories and others I almost fell asleep from boredom. But from the texts that I found interesting, I think the three most favorite were: “The Rime of the Ancient Mariner, Porphyia’s Lover, and Ah, Are You Digging on My Grave?” Therefore, what are the three most

three things i will hate to lose

1040 words - 5 pages to Tampa to enroll in school, but now, every time I have the opportunity to look at my photo album, I do, and every single picture is like a time machine that brings me back to those amazing moments in my life, and I'm happy again. Even though I don't live in New Jersey anymore, the photos keep my memories alive. So far one of the most important things I've learned about life is that happiness isn't about the more expensive or luxurious things

Similar Essays

The Three Most Important Things I Learned In This Course

1210 words - 5 pages In other courses, we have learned about what a bond is. One of the most important things I learned in this class is what affects the supply and demand of bonds, which ultimately decides the price of a bond. Three main items determine the supply of bonds: the expected profitability of investment opportunities, the expected inflation and the government budget. The expected profitability of investment opportunities is important because companies

The Three Most Important Things I Leaarned In This Course

1378 words - 6 pages economy. Funds flow primarily through the financial markets which our book defines as; “Markets in which funds are transferred from people who have excess available funds to people who have shortage”. (Mishkin, 2010) The key is to keep the funds productively working in the economy. I will focus broadly and say that the three most important things I learned in this course were about money & financial system itself, the institutions that fuel the

What I Learned In The Academic Research Course

1093 words - 5 pages Throughout this semester in the Introduction to Academic Research course, I learned a great deal about research. We covered a wide variety of topics that encompassed topics such as methods of field research, the unknowns when conducting research (the Black Box activity), the differences that exist among fields when using the word “research”, and many others. I’ll begin with what I learned about myself. Throughout this course, I learned a

The Three Most Important Battles In European History Before 1700

522 words - 2 pages Egypt and beyond and become one of greatest civilizations of all time.The Battle of Tours was a battle that occurred by the city of Tours on October 10, 732. It was between the Franks, led by Charles Martel and the Moors, led by Emir Abdul Rahman. The Frankish army stopped the massive Islamic army from advancing into western Europe from the Iberian Peninsula. This conflict is on of the biggest in world history, for the conquests may have never been