- CFA Exams
- 2024 Level II
- Topic 2. Economics
- Learning Module 10. Aggregate Output, Prices, and Economic Growth
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. Gross Domestic Product calculate and explain gross domestic product (GDP) using expenditure and income approaches; compare the sum-of-value-added and value-of-final-output methods of calculating GDP; compare nominal and real GDP and calculate and interpret the GDP deflator; compare GDP, national income, personal income, and personal disposable income; | |
2. The Components of GDP and Related Measures calculate and explain gross domestic product (GDP) using expenditure and income approaches; compare the sum-of-value-added and value-of-final-output methods of calculating GDP; compare nominal and real GDP and calculate and interpret the GDP deflator; compare GDP, national income, personal income, and personal disposable income; | |
3. Aggregate Demand explain the fundamental relationship among saving, investment, the fiscal balance, and the trade balance; explain how the aggregate demand curve is generated; | |
4. Aggregate Supply explain the aggregate supply curve in the short run and long run; | |
5. Shifts in Aggregate Demand and Supply explain causes of movements along and shifts in aggregate demand and supply curves; | |
6. Equilibrium GDP and Prices describe how fluctuations in aggregate demand and aggregate supply cause short-run changes in the economy and the business cycle; distinguish among the following types of macroeconomic equilibria: long-run full employment, short-run recessionary gap, short-run inflationary gap, and short-run stagflation; explain how a short run macroeconomic equilibrium may occur at a level above or below full employment; analyze the effect of combined changes in aggregate supply and demand on the economy; | |
7. Economic Growth and Sustainability describe sources, measurement, and sustainability of economic growth; n. describe the production function approach to analyzing the sources of economic growth; define and contrast input growth with growth of total factor productivity as components of economic growth. |

I passed! I did not get a chance to tell you before the exam - but your site was excellent. I will definitely take it next year for Level II.

Tamara Schultz
My Own Flashcard
No flashcard found. Add a private flashcard for the module.
Add