Video: Market Equilibrium

In this lesson, Nick Palazzolo, CPA, demystifies the often-intimidating concepts of market equilibrium, SWOT analysis, and Porter's Five Forces. He breaks down how supply and demand interact to reach equilibrium and what happens when artificial constraints like price ceilings and floors are introduced. With his straightforward delivery, Nick clarifies how shortages and surpluses occur, providing memorable examples such as minimum wage and rent control. Moving on to SWOT analysis, he categorizes factors affecting a business into strengths, weaknesses, opportunities, and threats, with practical tips to distinguish between internal and external influences. The lesson rounds off with a discussion on complementary and substitute goods, emphasizing their impact on market dynamics. Lastly, he introduces Michael Porter's renowned Five Forces model, a tool to analyze competitive pressure in an industry, ensuring a thorough understanding of these concepts that could potentially appear in simulation examinations.

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Business Cycles
Module: 5 Concepts, 74 Videos
Revenue, Expenditure, & Cash Cycles Overview
0:24
Revenue, Expenditure, & Cash Cycles Objectives
1:48
Introduction to Revenue, Expenditure, and Cash Cycles
3:42
Assertions in Auditing
10:01
Types of Audit Evidence
3:38
Tracing and Vouching
7:04
Subsidiary Ledger vs. General Ledger
1:56
Revenue Cycle
13:49
Auditing the Revenue Cycle
24:40
Auditing Accounts Receivable
40:24
The Cash Receipts Process
23:13
Expenditure Cycle
4:17
Auditing the Expenditure Cycle
8:16
Auditing Accounts Payable
8:00
The Cash Disbursements Process
4:39
Cash Cycle
3:42
Auditing the Cash Cycle
11:22
Bank Reconciliation
18:48
Cash Fraud Schemes
14:12
Revenue, Expenditure, & Cash Cycles Summary
1:00
Revenue, Expenditure, & Cash Cycles Practice Questions
7:49
Inventory, Investment, & Other Cycles Overview
1:01
Inventory, Investment, & Other Cycles Objectives
0:58
Introduction to Inventory, Investment, and Other Cycles
5:37
Relevant Assertions in Auditing
2:49
Types of Audit Evidence
2:36
Inventory Cycle
6:49
Auditing the Inventory Cycle
17:02
Investment Cycle
7:46
Auditing the Investment Cycle
19:40
Property, Plant, and Equipment Cycle
3:08
Auditing the Property, Plant, and Equipment Cycle
7:25
Payroll Cycle
6:34
Auditing the Payroll Cycle
12:46
Financing Cycle
6:30
Auditing the Financing Cycle
8:53
Inventory, Investment, & Other Cycles Summary
1:19
Inventory, Investment, & Other Cycles Practice Questions
6:19
Supply and Demand Cycles Overview and Objectives
2:25
Introduction to Supply and Demand Cycles
5:06
Federal Discount Rate
6:57
Monetary and Fiscal Policy
4:54
Factors Affecting Demand
7:05
Supply and Demand Curves
6:03
The Business Cycle
6:08
Market Competition
5:42
Trade Factors
4:49
Price Ceilings and Price Floors
3:18
Supply and Demand Cycles Summary
1:53
Supply and Demand Cycles - Practice Questions
10:34
Economic and Business Measures Overview and Objectives
2:44
Introduction to Economic and Business Measures
3:26
Economic Metrics
6:27
Consumer Price Index
4:53
Gross Domestic Product
4:36
Price Elasticity
12:32
Types of Unemployment
2:01
Inflation, Deflation, and Money Supply
7:40
Economic and Business Measures Summary
1:07
Economic and Business Measures - Practice Questions
11:15
Market Influences on Business Overview and Objectives
2:52
Introduction to Market Influences on Business
1:36
Changes in Demand and Supply
2:50
Market Equilibrium
7:29
Types of Competitive Strategies
9:34
Business Combinations and Divestitures
13:15
Comparative Advantage
1:27
Imperfect Markets
2:30
Price Discrimination and Collusive Pricing
4:45
Globalization and Emerging Nations
1:27
Economies of Scale
2:46
Inflation and Deflation
4:45
Market Influences on Business Lesson Summary
2:08
Market Influences on Business - Practice Questions
12:56