- CFA Exams
- Level I 2020
- Study Session 4. Economics (1)
- Reading 12. Topics in Demand and Supply Analysis
Seeing is believing!
Before you order, simply sign up for a free user account and in seconds you'll be experiencing the best in CFA exam preparation.
Learning Outcome Statements PDF Download
| 1. Demand Concepts a. calculate and interpret price, income, and cross-price elasticities of demand and describe factors that affect each measure; | |
| 2. Elasticities of Demand a. calculate and interpret price, income, and cross-price elasticities of demand and describe factors that affect each measure; | |
| 3. Substitution Effect, Income Effect, Normal and Inferior Goods b. compare substitution and income effects; c. distinguish between normal goods and inferior goods; | |
| 4. Marginal Returns and Productivity d. describe the phenomenon of diminishing marginal returns; | |
| 5. Economic Cost vs. Accounting Cost d. describe the phenomenon of diminishing marginal returns; | |
| 6. Marginal Revenue, Marginal Cost, and Profit Maximization d. describe the phenomenon of diminishing marginal returns; | |
| 7. Breakeven Analysis and Shutdown Decision e. determine and describe breakeven and shutdown points of production; | |
| 8. Understanding Economies and Diseconomies of Scale f. describe how economies of scale and diseconomies of scale affect costs. |
I used your notes and passed ... highly recommended!
Lauren
My Own Flashcard
No flashcard found. Add a private flashcard for the reading.
Add