CFA Level I:Economics - DEMAND AND SUPPLY ANALYSIS INTRODUCTION 学习要点和习题精选
Demand and Supply Analysis: Introduction(Reading 13)
Learning Outcome Statements (LOS)
a Distinguish among types of markets;
b Explain the principals of demand and supply;
c Describe causes of shifts in and movements along demand and supply curves;
d Describe the process of aggregating demand and supply curves, the concept of equilibrium, and mechanisms by which markets achieve equilibrium;
e Distinguish between stable and unstable equilibria and identify instances of such equilibria; .
f Calculate and interpret individual and aggregate demand, inverse demand and supply functions and interpret individual and aggregate demand and supply curves;
g Calculate and interpret the amount of excess demand or excess supply associated with a non-equilibrium price;
h Describe the types of auctions and calculate the winning price(s) of an auction;
i Calculate and interpret consumer surplus, producer surplus, and total surplus;
j Analyze the effects of government regulation and intervention on demand and supply;
k Forecast the effect of the introduction and the removal of a market interference on price and quantity;
l Calculate and interpret price, income, and cross-price elasticities of demand and describe factors that affect each measure; |