SIE Exam Podcast Series Episode 10- Economics and Offerings

Описание:    • SIE Exam Prep Economics.  "Money is a Gian...  
1.2 Market Structure
1.2.1 Types of Markets
• The primary market
• The secondary market (e.g., electronic, over-the-counter (OTC), physical)
• The third market
• The fourth market
1.3 Economic Factors
1.3.1 The Federal Reserve Board’s Impact on Business Activity and Market Stability
• Monetary vs. fiscal policy
• Open market activities and impact on economy
• Different rates (e.g., interest rate, discount rate, federal funds rate)
1.3.2 Business Economic Factors
• Purpose of financial statements (e.g., balance sheet, income statement)
• Business cycle (e.g., contraction, trough, expansion, peak)
• Indicators (e.g., leading, lagging, coincident, inflation)
• Basic effects on bond and equity markets (e.g., cyclical, defensive, growth)
4
• Principal economic theories (e.g., Keynesian, Monetarist)
1.3.3 International Economic Factors
• U.S. balance of payments
• Gross domestic product (GDP), gross national product (GNP)
• Exchange rates
1.4 Offerings
• Roles of participants (e.g., investment bankers, underwriting syndicate, municipal advisors)
• Types of offerings
° Public vs. private securities offering
° Initial public offering (IPO), secondary offering and follow-on offering
° Methods of distribution (e.g., best efforts, firm commitment)
• Shelf registrations and distributions (e.g., definition, purpose)
• Types and purpose of offering documents and delivery requirements (e.g., official statement, program disclosure
document, prospectus)
• Regulatory filing requirements and exemptions (e.g., SEC, blue-sky laws