A study of the nature, functions, and applications of the various futures and options markets and contracts. Basis, long and short term hedging, spreading, and normal and inverted markets are examined, along with theoretical considerations. An inquiry into the techniques of analysis of financial statements as an aid to extraction and evaluation of information for interpretation and decision-making by lenders, investors, and others. A study of international monetary problems, financing of the flow of goods and services among nations, and balance of payments considerations. A study of the history, economic functions, operating techniques, and policies of central banks.
Emphasis is given to concurrent problems of monetary policy and control.