Curriculum Portal

infoWhy this? Credit enables households and businesses to spend and invest before they have accumulated the necessary funds, creating opportunities but also repayment risks. Understanding banks and alternative sources of finance helps us evaluate how borrowing supports business activity and how access to credit influences the wider economy.

scheduleWhy now? After examining market interaction, we consider how access to finance enables or constrains participation, investment, and business expansion. This develops our earlier work on enterprise and growth, supports the forthcoming distinction between profit and cash flow, and provides foundations for studying economic cycles and financial risk.