Your MBA

An introductory overview of accounting principles and practices, focusing on the dual-entry system. They explain the fundamental accounting equation (Assets = Liabilities + Equity) and introduce the purpose and structure of T-accounts, which are used to track account increases and decreases through debits (left side) and credits (right side). The texts detail the rules for debits and credits across different account types, such as how expenses and assets typically increase with a debit, while

A comprehensive introduction to financial accounting, specifically focusing on the balance sheet and its core components: assets, liabilities, and equity. It defines key concepts such as the accounting equation and various accounting concepts like the entity concept and going-concern concept, illustrating these principles with a sample balance sheet for Dachshund’s Doughnuts. The second source consists of excerpts from the website of Zoom, a technology company, showcasing its extensive list

An extensive summary of key macroeconomic concepts related to international trade. This macroeconomic text details principles like comparative advantage, trade restrictions such as tariffs and quotas, exchange rates including fixed and floating systems, and measures of economic well-being like per capita GDP.

A comprehensive overview of macroeconomic policy, specifically focusing on fiscal and monetary tools and their application to combat economic issues like inflation and recession, while also detailing a significant real-world economic challenge. Several documents explain fiscal policy as the government's use of taxation and spending to influence the economy, introducing concepts like automatic stabilizers and the multiplier effect. Other sources detail monetary policy, managed by central banks like

An overview of key macroeconomic concepts, focusing on economic health indicators and the business cycle. Several Federal Reserve Bank of St. Louis sources define crucial measurements, such as Gross Domestic Product (GDP), explaining its calculation and the distinction between nominal and real GDP, and the concept of inflation, measured by the Consumer Price Index (CPI). The sources describe the business cycle as the fluctuation in economic activity, detailing phases like expansion and contraction,

An overview of concepts in microeconomics, focusing primarily on market structures and market challenges. It defines the characteristics of perfect competition, including concepts like the break-even and shutdown points for producers, and contrasts it with other market types such as monopolies, oligopolies, and monopolistic competition. A significant portion of the text addresses externalities, explaining both positive and negative effects on uninvolved third parties, and outlines solutions like

An extensive summary of microeconomic principles, focusing on the rational decision-making process using concepts like marginal benefit and marginal cost. It explains how asymmetric information, including adverse selection and moral hazard, can lead to market failures, along with mechanisms like screening and signaling used to combat these issues. Furthermore, the text outlines market dynamics, detailing the factors of production, consumer and producer surplus, and the crucial concept of

A foundational overview of microeconomics, defining it as the study of how economic units—individuals, households, and firms—make decisions concerning limited resources while seeking to maximize benefits. The first source focuses heavily on the concepts of supply and demand, explaining the laws of supply and demand, how they are plotted on curves and schedules, and the importance of finding market equilibrium. The second source expands on these principles by introducing concepts