Topic: Financial Management

Computing Equilibrium

Our understanding of the economy will be more tangible and vivid if we can in principle explain all the economic decisions of every agent in the economy. This lecture demonstrates, with two examples, how the theory lets us calculate equilibrium prices and allocations...

Why Finance?

This lecture gives a brief history of the young field of financial theory, which began in business schools quite separate from economics, and of my growing interest in the field and in Wall Street. A cornerstone of standard financial theory is the efficient markets...

Debt Service Coverage Ratio (DSCR)

In financial management, debt service coverage ratio (DSCR) refers to the amount of cash flow available with the firm to service the interest and principal cost for one year. This includes sinking fund payments. It is a reliable tool to determine the repayment...

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