Had the first lecture of the year of this module, and it's looking
horrendous. It's all about finance and the business world, and GDPs and sub-prime mortgages and goodness knows what else.
Anyone who knows me will know that I don't do finance. I'm good with numbers but...Wall Street and credit crunch and all that are like Russian to me. And I'm going to have to learn all that? And read the business section in newspapers? And look up some Governer of the Bank of England's speeches?
Lecturer gave us a few questions to think about and answer:
1. MPC (Monetary Policy Committee) - what function does it perform and who is involved?
3. Are house repossessions in the UK rising or falling? Is this a good indicator of an imminent crash in the housing market?
12. RPI - explain, how is it calculated, what is the current rate, how has it varied over the last 4 years?
19. Minsky Moment - explain the term.
Me: ????
And
then he goes and gives us an assignment to do (that doesn't contribute to our degree, but that we have to do anyway) in which we have to gather data on the financial state of the UK. Using 2006 as a base case, comparing data for 2008 and predictions for 2009.
.
.
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On top of this I have technical review and mathematical modelling, and I AM GOING TO FAIL THIS UNIT.
Okay not fail.
But it's so...way out of my ball park.
I have to read the effing business section of the newspaper, for goodness' sake.