Delves into the economic and fiscal landscape, analyzing potential output, fiscal stance, government debt, and the effects of government spending shocks.
Explores the impact of debt and taxes on firm value and shareholder wealth, covering Modigliani/Miller theorem, leverage effects, debt financing mechanics, and valuation methods.
Explores the definitions of national savings and public sector savings, along with examples and explanations, while also providing details about the upcoming exam format and topics for future projects.
Explores corporate debt's influence on financing decisions, market efficiency, and investor behavior, emphasizing credit quality and capital structure.
