This course begins by introducing asset management in the context of the investment of pension plan assets. The course presents an in-depth treatment of the subject by discussing securities markets, investment analysis and theory, investment strategies, stock and fixed income security appraisal, and federal securities regulation. In addition, the impact of these economic factors on employee benefits is analyzed. Several timely topics include the determination of national income and employment in relation to inflation, unemployment and various measures of national income. The impact of unemployment and inflation on Social Security, pension plans and welfare plans is reviewed throughout the course.
Special attention is directed to the manner in which employee benefit plans affect the economy.
This course is designed to teach the fundamentals of pension plans with particular emphasis on the defined benefit approach to providing retirement income.