In many of the topics in the Level I CFA curriculum you are required to calculate a numerical answer: You have to calculate an NPV in Quantitative Methods or Corporate Finance You have to calculate the yield of a bond in Fixed Income You have to calculate a forward interest rate in Fixed Income and […]
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There are four articles on IS/LM:
The definition of the cash conversion cycle (CCC) is easiest to remember if you draw a timeline of events surrounding inventory and sales. There are four events of interest: The day that you purchase the inventory; we’ll assume that you buy it on credit – creating accounts payable – and pay for it at a […]
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One of the more complicated ideas in economics is the development of the aggregate demand curve via two other curves: the IS (Investment-Savings) curve and the LM (Liquidity preference-Money supply) curve. I’ll break it down into four articles: Synopsis (you are here) Part 1: the IS curve Part 2: the LM curve Part 3: combining […]
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There are four articles on IS/LM: Synopsis Part 1: the IS curve Part 2: the LM curve Part 3: combining the IS and LM curves (you are here) Combining the IS and LM Curves Because the IS curve and the LM curves each have real GDP (= real aggregate income) on the horizontal axis and […]
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There are four articles on IS/LM: Synopsis Part 1: the IS curve Part 2: the LM curve (you are here) Part 3: combining the IS and LM curves The LM Curve The key to understanding the Liquidity preference-Money supply (LM) curve is realizing that the underlying assumption is that financial markets are in equilibrium: demand […]
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There are four articles on IS/LM: Synopsis Part 1: the IS curve (you are here) Part 2: the LM curve Part 3: combining the IS and LM curves The IS Curve There are several steps in creating the Investment-Savings (IS) curve, which has real aggregate income on the horizontal axis and real interest rate on […]
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I’m still working on Level III Equity Portfolio Management articles; as I finish them I’ll list them here. If you’d like to see specific articles on Level III Equity Portfolio Management, just ask.
I’m still working on Level III GIPS® articles; as I finish them I’ll list them here. If you’d like to see specific articles on Level III GIPS®, just ask.
Here are some articles on Level III Evaluation and Attribution. If you’d like to see specific articles on Level III Evaluation and Attribution, just ask.