- CFA Exams
- 2024 Level I
- Topic 2. Economics
- Learning Module 1. Firms and Market Structures
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Learning Outcome Statements PDF Download
| 1. Supply Analysis: Cost, Marginal Return, and Productivity determine and interpret break even and shutdown points of production, as well as how economies and diseconomies of scale affect costs under perfect and imperfect competition | |
| 2. Economic Profit vs. Accounting Profit determine and interpret break even and shutdown points of production, as well as how economies and diseconomies of scale affect costs under perfect and imperfect competition | |
| 3. Marginal Revenue, Marginal Cost and Profit Maximization determine and interpret break even and shutdown points of production, as well as how economies and diseconomies of scale affect costs under perfect and imperfect competition | |
| 4. Breakeven Analysis and Shutdown Decision determine and interpret break even and shutdown points of production, as well as how economies and diseconomies of scale affect costs under perfect and imperfect competition | |
| 5. Understanding Economies and Diseconomies of Scale determine and interpret break even and shutdown points of production, as well as how economies and diseconomies of scale affect costs under perfect and imperfect competition | |
| 6. Perfect Competition describe characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly | |
| 7. Monopolistic Competition explain supply and demand relationships under monopolistic competition, including the optimal price and output for firms as well as pricing strategy | |
| 8. Oligopoly explain supply and demand relationships under oligopoly, including the optimal price and output for firms as well as pricing strategy | |
| 9. Monopoly describe characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly | |
| 10. Identification of Market Structure identify the type of market structure within which a firm operates and describe the use and limitations of concentration measures |
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