Macro, Rates and Credit

The economy, the risk-free curve, policy and funding benchmarks, and the price of credit — as endpoints, fields and units rather than as headlines.

4 units · 16 lessons · 75 min read · plus hands-on practice, at your pace

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What does a whole country's economy look like as an API response?

The Economy as a Time Series · 3 min read · foundations

Start the first lesson

Unit 1 The Economy as a Time Series

  1. What does a whole country's economy look like as an API response? 3 min
  2. Why doesn't the macro series you downloaded last month match today's? 4 min
  3. When did that number actually become public? 4 min
  4. Two series are both called inflation — which one do you have? 4 min
Practice Check · Unit 1 A short check · cannot be failed Start

Unit 2 The Risk-Free Curve, in Data

  1. How do you get a yield curve out of an API response? 6 min
  2. Why does the same Treasury bill have two different rates? 4 min
  3. What is the yield after inflation, and where does the data say so? 4 min
  4. What exactly is the 10-year? 4 min
Practice Check · Unit 2 A short check · cannot be failed Start

Unit 3 Policy and Funding

  1. What is the central bank's rate — and why is that a bad question? 6 min
  2. What is the difference between a rate that is set and a rate that is printed? 5 min
  3. What does a funding-stress series actually measure? 5 min
  4. Why do rate datasets disagree about what the number 4 means? 4 min
Practice Check · Unit 3 A short check · cannot be failed Start

Unit 4 Pricing Credit

  1. What can data actually tell you about a country's creditworthiness? 5 min
  2. How do you get from a letter grade to a number? 5 min
  3. What do the best corporate borrowers pay, and how stressed is that market? 5 min
  4. Macro, rates and credit — course checkpoint 7 min
Practice Check · Unit 4 A short check · cannot be failed Start

Last Course exam

One exam, the whole course Unlocks when you have read all 16 lessons

Passing it earns the course certificate. It also counts toward the Builder track (course 5 of 13): pass every course exam in a track to earn its track certificate.