Business management> Notes > FINANCIAL ECONOMICS WEEK 4: VALUATION OF STOCK
Represents equity of a corporation. It has preference over common stock in the payment of dividends and in assets of corporation in the event of bankruptcy. It usually has a stated liquidating value or par value, usually $100 per share. It has a fixed dividend amount that is in perpetuity and is expressed as a percentage of the par value. For example, 8% of $100, meaning $8 per year. Therefore preferred stock is often considered as fixed income securities, as mentioned in Week 4.[Show More]
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Fixed income securities: Securities that generate predetermined and fixed periodic payments. Examples include bonds, loans and mortgages, preferred stock etc. We focus on bonds. Maturity: the length of time for which a bond exists. Face value: the principal amount that is promised to be repaid at maturity. Coupon payments: the periodic interests generated by a bond. Coupon rate: the ratio of coupon payments over the face value. Usually expressed in annual terms.
Study consumption patterns over one’s life time. A topic of microeconomics, macroeconomics, and financial economics. The latter two fields build their theories on the micro foundations. Key results: Consumers smooth their consumption over lifetime; they save when they are rich, and dissave when they are poor. Permanent income hypothesis Consumption is largely determined by permanent income, rather than transitory income.
Finance is the study of how people allocate scarce resources over time. Two features that distinguish financial decisions from other resource allocation decisions are that the costs and benefits of financial decisions are (1) spread out over time and (2) usually not known with certainty in advance by either the decision makers or anybody else. In deciding whether to start your own restaurant, for example, you must weigh the costs (such as the investment in fixing up the place and buying the stoves, tables, chairs, little paper umbrellas for exotic drinks, and other equipment you need) against the uncertain benefits (your future profits) that you expect to reap over several years.
Supply Chain Supply chain is a system of organizations, people, activities, information, and resources involved in moving a product or service from supplier to customer. Supply chain activities involve the transformation of natural resources, raw materials, and components into a finished product that is delivered to the end customer
In this lecture, we will cover: Decisions with multiple objectives and attributes Criteria for fundamental objectives and their attributes Trading off conflicting objectives The additive utility function Assessing (quantifying) utility functions, i.e., scores, and weights
Research was conducted to develop a capability for quantification and assessr-nt of in-flight pilot performance for utilization in Under¬ graduate Pilot Training (UPT). This feasibility effort was directed to overcoming the disadvantages of the traditional subjective rating of a pilot trainee's performance by the instructor pilot. This was accomplished through the development of an automated, objective performance measurement system that possesses the characteristics of reliability, validity, and sensitivity.
Operations challenges by industry group Advanced industries Most affected by material shortages, primarily due to interconnected supply chains spanning multiple geographies. An auto company in commented, “ We are facing raw-material shortages including aluminum and imported chemicals.”
Taiwan Videos Inside Taiwan's Tech Industry - BBC Click (24 mins) https://www.youtube.com/watch?v=UvGm hvqrTWU How Taiwan Lost Its Roar And Its Young Talents https://www.youtube.com/watch?v=P3BCn Pb8qHY
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