Important Topics for Exam 1

 Agency costs/conflict of interest

 Primary market vs secondary market
 Money market vs capital market
 Angel investors
 VC investors
 PE investors
 IPOs
 Investment banks
 Stock market
 Forms of business
 Risk vs return
 Balance sheet
 Income statement
 Financial ratios, particularly those around liquidity, profitability and
leverage
 Benefits and limitations of financial statement analysis