Topic: CFA Exam

What are Corporate Bonds

Corporate bonds are bonds issued by corporations in order to raise money for their business. It is one of the major sources of financing by corporates after bank borrowing. The term corporate bonds is generally used for secured debt which is backed by collateral. The...

CFA Vs. FRM: Which Designation is Right for You?

This is one of the most commonly debated questions among students who have made up their mind about furthering their career and adding a designation such as CFA, FRM, or CAIA to their name. Making the right choice can be crucial for a couple of reasons: 1) Each of...

CFA Level 1 – Exam Preparation Guide

If you are a CFA Level 1 exam candidate, this guide will provide you all the information you need to prepare and pass the exam. The Chartered Financial Analyst (CFA®) is one of the most desired designations for investment professionals and financial analysts. The CFA...

Sample Study Notes from CFA Level I Authority

The response for CFA Level I Authority, our comprehensive CFA Level I self-study program has been really great. Some of you asked for sample notes from Authority. So here it is… We are sharing study notes for three readings listed below: Reading 5: Time Value of...

Accounting Profit Vs. Economic Profit

Accounting Profit We generally look at profits from accounting perspective. From the perspective of an accountant, profit is the difference between total revenue and total actual expenses incurred by the firm’s actors of production. These are the explicit costs...

Substitution and Income Effects

We earlier learned about the impact of changes in income and prices individually on the budget constraint ad demand of products. We will now study this in more detail. The change in quantity demanded due to price change can be decomposed into substitution effect and...

Consumer’s Equilibrium Bundle of Goods

We know that an individual will chose a bundle of goods that provide him the maximum utility from all the available choices. Based on the income and prices of products the choices available to the individual constitute the budget set. We can combine the indifference...

Budget Constraints

We learned that indifference curve shows the bundle of goods that provide same utility to an individual and an individual will always want to maximize the utility. However, most people are constrained by their income while making their choices. The budget constraint...

Consumer Choice Theory and Utility Theory

We assume that people understand the choices available to them and the prices associated with each choice. They consider the alternatives available to them and choose the best based on their preferences. When people have choices, it is possible to find the consumers...

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