武汉理工大学：《会计学》课程教学课件（英文）09 Foundations of Financial Ratio Analysis

武汉理工大学：《会计学》课程教学课件（英文）08 Liabilities and Equity

武汉理工大学：《会计学》课程教学课件（英文）06 Inventory

武汉理工大学：《会计学》课程教学课件（英文）04 Revenues and Monetary Assets

武汉理工大学：《会计学》课程教学课件（英文）02 Balance Sheet Changes;Income Measurement

“In this world nothing is certain but death and taxes.” . . . Benjamin Franklin 0 20 40 60 80 100 1789 Taxes paid in Ben Franklin’s time accounted for 5 percent of the average American’s income

Factors of Production Factors of production are the inputs used to produce goods and services

The Theory of Consumer Choice The theory of consumer choice addresses the following questions: – Do all demand curves slope downward? – How do wages affect labor supply? – How do interest rates affect household saving?

A firm, using two inputs K and L to produce one product, whose production function is 2 / 5 3/ 5 Q = 25L K

Outline The economics of asymmetric information Political economics Behavioral economics