Follow the cash—and the conflicts—between lenders, shareholders, boards, managersand the wider world.

• Debt vs. equity: priority claims, risk, return, agency costs.
• Stakeholder vs. shareholder governance—why ESG now drives value.
• Spot drags & pulls on liquidity that keep treasurers up at night.

Kick off Season 3 by mapping how businesses are legally built—and why it matters toanalysts.

• Compare sole proprietorships, partnerships, and limited companies.
• See why limited liability and owner–manager separation fuel capital raising.
• Contrast publicly listed vs. privately held issuers and IPO/​go-private paths.
• Meet the many shareholder types—from families to governments.

Practice cross‑rates, forwards, premiums‑discounts and covered‑interest parity so you can price multicurrency cash‑flows with confidence.

Identify FX players, quote conventions, currency regimes and the trade‑balance link; assess how capital controls tilt returns and risk.

Weigh the gains, losses and welfare shifts from tariffs, quotas, subsidies and regional blocs; master comparative advantage and integration tiers.

Map state and non‑state actors, globalization forces, trade institutions and risk signposts so you can price political shocks into investments.

Dive into central‑bank mandates, policy rates, open‑market ops, reserve requirements and transmission channels from money to growth and inflation.

Unpack deficits, the debt burden, spending vs. tax levers and the fiscal multiplier so you can model how budgets shift aggregate demand.

Track expansion, peak, contraction and trough; link credit cycles, indicators and now‑casting tools to corporate earnings and asset returns.

Compare perfect, monopolistic and oligopoly markets; find breakeven and shutdown points; see how pricing power changes with concentration and scale.