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Bloomberg Terminal Research Guide: MARKET CONCEPTS

INTRODUCTION TO BLOOMBERG MARKET CONCEPTS

Bloomberg Market Concepts (BMC) is a self-paced e-learning course that provides a visual introduction to the financial markets. BMC consists of modules – Economics, Currencies, Fixed Income and Equities – woven together from Bloomberg data, news, analytics and television.

Online tutorials in Bloomberg use audio. BRING YOUR OWN SET OF EARBUDS OR HEADPHONES.

Bloomberg Market Concepts

NOTE: BLOOMBERG MARKET CONCEPTS (BMC) REPLACES BLOOMBERG ESSENTIALS (BESS).

Once you are logged into your Bloomberg account...

  • Enter BCER <GO> in the command line
  • Click Sign Up
  • Continue as Learner
  • Use a non-Bloomberg email address when completing the form
  • UNLESS YOU ARE ISSUED A GROUP CODE, DO NOT check the "Are you taking BMC as a group?" box
  • Agree to the terms
  • Click Login

IMPORTANT: Once you open the learning environment (it will be called 'Bloomberg for Education' portal), click Certificates in the upper menu to locate the Bloomberg Market Concepts entry point.

If you run into login access or technical issues in Bloomberg Market Concepts, contact the Help Desk at 212-318-2000.

Have you already completed Bloomberg Market Concepts? Upload your resume to the Bloomberg terminal!  

ECONOMIC INDICATORS

  • Discover the regiment upon which economic indicators are published and analyzed.
  • Identify how investors use economic indicators to gauge the health of the economy.
  • Explain the qualities of good economic indicators.
  • Explore how economic indicators can be used to spot inflection points.

CURRENCIES

  • Explore the history and mechanics of currency markets.
  • Identify the three main drivers of currency valuation.
  • Discover the role of central banks in guarding against inflation and deflation.
  • Demonstrate how investors and businesses are affected by currency markets and how they manage currency risk.

EQUITIES

  • Calculate equity index performance from the performance of single stocks.
  • Explore the nature and allure of equity ownership.
  • Identify why equities are more volatile than bonds.
  • Describe how industry and supply chain analysis is foundational to equity research.
  • Discover how the use of accurate industry drivers facilitates accurate earnings forecasts.
  • Describe the five-step absolute valuation process and the attendant pitfalls.
  • Identify the three types of relative valuation and the role of future earnings growth when assessing fair value.

FIXED INCOME

  • Discover how the bond market became the biggest, most complex market in the world and how it serves a vital public service.
  • Describe how yields facilitate comparison across the vast diversity of the bond market.
  • Describe how government bond yields are a yardstick by which all other investments are measured.
  • Describe how bond markets instill discipline in governments around the world.
  • Discover why, when, and how central banks make interest rate decisions.
  • Explore how bond valuation is driven by creditworthiness, inflation, and central bank interest rates.
  • Describe the importance of the yield curve to businesses and consumers around the world.
  • Interpret the meaning of the four major shifts in the yield curve and the meaning of curve inversion.