Business Accounting, Finance, and Economics

Core concepts in accounting, finance, and microeconomics



This course covers core concepts in accounting, finance, and microeconomics relevant to running a business.



The course begins with finance for business, including the time value of money, the trade-off between risk and return, and arbitrage. It gives managers a strengthened knowledge in finance that can be applied in their professional careers. The topics covered include how to move cash flows in time, the methods and principles of capital budgeting, valuation of bonds and stocks, how to characterize risk and return, and options pricing with applications to managerial decisions.



The course then builds on the student’s knowledge of finance to introduce accounting and examines the subject from the viewpoint of users external to the organization. Topics include transaction analysis; the accounting cycle; financial-statement preparation, use, and analysis; revenue recognition and cost measurement; present value; and problems in financial-accounting disclosure.



This course concludes with microeconomic theory and its application to problems faced by managers. Topics include supply and demand, consumer behaviour, pricing when a firm has market power, and the role of contracts.