Thursday, May 21, 2020

Finance, Economics, And Finance Essay - 1245 Words

Statement of Purpose As a child, I often accompanied my uncle to the stock market. Looking at the share index numbers on the large overhead screen, I was fascinated with this world. As I grew up, I gradually came to appreciate the importance of financial sector in the modern world. In the university, I was fortunate to have been exposed to many interesting and challenging fields. Though I ultimately chose to major in Accounting, I also studied business, management, economics, and finance. These courses impressed upon me the importance of the financial sector in the economy. Finance professionals have the unique responsibility of managing assets and analyzing risks to ensure the future success of a company or organization. It is difficult to overstate the importance of this role, as the financial crisis of 2009 showed. It is due to my understanding of the importance of finance and investment, coupled with my longstanding interest for this subject, that I have decided to pursue postgraduate studies in fina nce at your prestigious university. Earning a master’s degree in finance would ideally complement my undergraduate degree in accounting. My background in accounting provides me with fundamental knowledge of many finance-related theories and concepts, as well as familiarity with statistics and data analysis. I learned the basic tenets of finance in courses such as Economics, Management, Accounting and Corporate Finance. Through case studies and lectures, I broadened myShow MoreRelatedFinance Is Based On Economics841 Words   |  4 PagesFinance is based on economics. Therefore, to properly understand financial markets and their behavior, you must first understand economics. Economics is the concern of production, distribution, trade and consumption of goods and services. 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For example, one popular theory known as expectations theory is based upon the hypothesis that long-term interest rates contain a prediction of future short-term interest rates. Expectations theory postulates that you would earn the same amount of interest by

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