Macroeconomics
There are limited resources.
What is scarcity?
The change in aggregate demand for a good or service in relation to the change in price of that good or service.
What is elasticity?
Cofounding the electronic payment firm PayPal is one of the lesser-known accomplishments of this South African-born entrepreneur.
Who is Elon Musk?
The benchmark index for the US Stock Market.
What is the S&P 500?
Issues by governments and corporations to fund investments or expenses.
What is a bond?
A 2015 film stars Christian Bale and Steve Carell as financiers who play the market in the years leading up to the 2007 housing market crash.
What is the Big Short?
How the Federal Government uses monetary policy to influence interest rates.
What is the Federal Funds Rate?
The use of government spending and taxation to influence the economy.
What is fiscal policy?
Named the Time magazine's Person of the Year in 1999, this billionaire's revolutionary, "out of this world" business venture opened up shop in 1995 during the dot-com boom.
Who is Jeff Bezos?
What is Coca-Cola?
A financial record that summarizes the movement of cash and cash equivalents from and into the company.
What is a cash flow statement?
Now bankrupt, this company was once one of the largest cryptocurrency exchanges.
What is FTX?
Represents the average cost of living.
What is the Consumer Price Index (CPI)?
A good that increases in consumption as income increases.
What is a normal good?
The "trashier" name for a high-yield bond that is typically issued by companies with low credit ratings.
What are Junk Bonds?
Represents the cost of capital across all sources.
What is the weighted average cost of capital (WACC)?
A valuation method that estimates the value of an investment using its expected future cash flows.
What is a Discounted Cash Flow (DCF)?
An American global financial services firm founded in 1847 that filed for bankruptcy in 2008, contributing to a crumbling global financial market.
What is the Lehman Brothers?
The purchase or sale of government bonds by the central bank to increase or decrease the money supply.
What are Open Market Operations?
High-income earners pay a larger fraction of their income than low-income earners.
What is a progressive tax?
The world's first decentralized cryptocurrency.
What is Bitcoin?
Measures the value of a company relative to its per-share earnings.
What is Price-Earnings (P/E) Ratio?
This chapter in the U.S. bankruptcy code allows a company to reorganize.
What is Chapter 11?
The main character in American Psycho.
Who is Patrick Bateman?
The 2-Year Treasury Curve is higher than the 10-Year Treasury Yield.
What is an Inverted Yield Curve?
The amount of a good that a consumer is willing to consume compared to another good.
What is the marginal rate of substitution?
Groups with an interest or concern in a company's activities.
Who are the stakeholders (shareholders)?
An investment that minimizes the risk of an existing investment.
What is hedging?
The net profit margin is 15% with revenue of 10 million.
What is a $1.5 million net income?
An energy-trading and utility company based in Houston, TX that carried out one of the biggest accounting frauds in US history.
What is Enron?