In this lesson, Nick Palazzolo, CPA, highlights the importance of memorizing key economic formulas essential for understanding economic concepts. He emphasizes the effectiveness of creating a formula sheet and practicing it regularly to ensure mastery of topics such as percentage changes in CPI, GDP calculation, and more. While acknowledging the tedious nature of memorization, Nick underscores its necessity for exam success. He concludes by reiterating the significance of grasping the concept of elasticity—whether in demand or supply—backing it with relevant examples to solidify comprehension.
Lesson: Economic and Business Measures Summary
Instructor: Nick Palazzolo
In this lesson, Nick Palazzolo, CPA, highlights the importance of memorizing key economic formulas essential for understanding economic concepts. He emphasizes the effectiveness of creating a formula sheet and practicing it regularly to ensure mastery of topics such as percentage changes in CPI, GDP calculation, and more. While acknowledging the tedious nature of memorization, Nick underscores its necessity for exam success. He concludes by reiterating the significance of grasping the concept of elasticity—whether in demand or supply—backing it with relevant examples to solidify comprehension.
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Business Cycles
Module:
5 Concepts,
74 Lessons
Assertions in Auditing
10:01
Tracing and Vouching
7:04
Revenue Cycle
13:49
Expenditure Cycle
4:17
Cash Cycle
3:42
Auditing the Cash Cycle
11:22
Bank Reconciliation
18:48
Cash Fraud Schemes
14:12
Inventory Cycle
6:49
Investment Cycle
7:46
Payroll Cycle
6:34
Financing Cycle
6:30
The Business Cycle
6:08
Market Competition
5:42
Trade Factors
4:49
Economic Metrics
6:27
Consumer Price Index
4:53
Price Elasticity
12:32
Market Equilibrium
7:29
Imperfect Markets
2:30
Economies of Scale
2:46
