CFA Level I:Economics - DEMAND AND SUPPLY ANALYSIS C***UMER DEMAND 学习要点和习题精选
Demand and Supply Analysis: Consumer Demand (Reading 14)
Learning Outcome Statements (LOS)
a Describe consumer choice theory and utility theory;
b Describe the use of indifference curves, opportunity sets, and budget constraints in decision making;
c Calculate and interpret a budget constraint;
d Determine a consumer’s equilibrium bundle of goods based on utility analysis;
e Compare substitution and income effects;
f Distinguish between normal goods and inferior goods, and explain Giffen goods and Veblen goods in this context; |