Economic Exposure What is 'Economic Exposure' A type of foreign exchange exposure caused by the effect of unexpected currency fluctuations on a company’s future cash flows. Also known as

DefinitionIn economics, specifically general equilibrium theory, a perfect market is defined by several idealizing conditions, collectively called perfect competition. In theoretical models

Objective Probability What is 'Objective Probability' The probability that an event will occur based an analysis in which each measure is based on a recorded observation, rather than a sub

Radner Equilibrium What is 'Radner Equilibrium' A theory suggesting that if economic decision makers have unlimited computational capacity for choice among strategies, then even in the fac

DefinitionIESE Business School is the graduate business school of the University of Navarra. Founded in 1958 in Barcelona, where its headquarters are located and all of its top management pr

NPV - Net Present Value The difference between the present cash value and the value of cash outflows at present will give you the net present value. Net present value is one of the most impo

Macro Manager What is 'Macro Manager' A boss or supervisor who lets employees do their jobs with minimal supervision. Macro managers are thought of by some employees as superiors who do no

Game Theory What is 'Game Theory' Game theory is the study of human conflict and cooperation within a competitive situation. In some respects, game theory is the science of strategy, or at

Macro Accounting What is 'Macro Accounting' Accounting for the total or aggregate economic activities of a nation. Macro accounting forms the basis for the official statistics that summari