Lesson: Supply and Demand Cycles Summary

Instructor: Nick Palazzolo

In this lesson, Nick Palazzolo, CPA, wraps things up with an empowering pep talk on the importance of discipline over mere motivation in tackling the CPA exam preparation. He recognizes the challenge ahead and recommends strategies for staying the course with structured study habits. Additionally, Nick demystifies the concepts behind business cycles, highlighting indicators of economic recessions and booms, and the influence of supply and demand. He encourages practice with supply and demand graphs, noting their relevance and providing motivation to master them. With a supportive sign-off, he reminds everyone to stay strong, instilling confidence for the journey ahead.

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Supply and Demand Cycles Overview and Objectives

Introduction to Supply and Demand Cycles

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Transcript

Instructor: Nick Palazzolo

Nick Palazzolo is head instructor of ExamPrep.ai CPA Review. Nick's teaching style is engaging & upbeat, combining practical Big 4 tax & assurance expertise with years of 1-on-1 coaching. His lessons are concise and emphasize what you need to know to pass. Whether you're a recent grad or working full-time, we’re confident you can conquer your CPA exams with Nick’s review.

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Well, that about wraps it up for me here. I'm calling it quits and I'm done. We're still going strong, right? There's no quitting.

There's a difference between motivation and discipline. Motivation is great and all, you can get excited for a week. But it does fade. Discipline, however, does not fade. Discipline yourself. Set a certain amount of hours per day, questions per day you're going to get done, how many Sims you're going to get done. Discipline is what is going to get you through this exam.

We want to understand the business cycles pretty straightforward. We want to know what are signs that we're entering a recession or an economic boom. We want to understand the impacts of supply and demand and how certain factors or parties affect these. Whether you take the approach of thinking about it logically, or if you physically look at the chart and you say, okay, we've got supply shifting to the right, you can understand the change of price and quantity.

Lastly, practice with the supply and demand graphs. Make sure you understand them. It's pretty interesting, right, what you should be doing in your free time.

Well, thank you all for joining again. Stay strong, you got this, power through. And I'll see you next time.

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Business Cycles

Module: 5 Concepts, 74 Lessons

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