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All posts for the day October 3rd, 2013

Cash Conversion Cycle

Posted by Bill Campbell III, CFA on October 3, 2013
Posted in: Level I Financial Reporting and Analysis.

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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IS/LM: Deriving Aggregate Demand (Synopsis)

Posted by Bill Campbell III, CFA on October 3, 2013
Posted in: Level I Economics.

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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IS/LM: Deriving Aggregate Demand (Part III: Combining the IS and LM Curves)

Posted by Bill Campbell III, CFA on October 3, 2013
Posted in: Level I Economics.

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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IS/LM: Deriving Aggregate Demand (Part II: the LM Curve)

Posted by Bill Campbell III, CFA on October 3, 2013
Posted in: Level I Economics.

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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CFA® Level I Economics Membership, CFA® Level I Membership

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IS/LM: Deriving Aggregate Demand (Part I: the IS Curve)

Posted by Bill Campbell III, CFA on October 3, 2013
Posted in: Level I Economics.

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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CFA® Level I Economics Membership, CFA® Level I Membership

This will give you access to this and all other articles at that membership level.