ECON 10223 Lecture Notes - Lecture 12: Insider Trading, Human Capital
Document Summary
Labor: pay wages- people that work in the stadium- vendors. Capital: pay interest- human capital: players-physical capital: helmets,pads. Entrepreneurship: pay profits- owners that manage everything else. Economic profit: total revenue minus (explicit and implicit) Dividend: portion of the company profits given to its owners (shareholders) Insider trading: trading on information that someone else does not know. Not released to public but used to gain wealth. Radom walk theory: get rich quick does not exist. Always some kind of shock to the market.
