CFA Level I:Economics - Aggregate output, price, and economic growth 学习要点和习题精选
Learning Outcome Statements (LOS)
a Calculate and explain gross domestic product (GDP) using expenditure and income approaches;
b Compare the sum-of-value-added and value-of –final-output methods of calculating GDP;
c Compare nominal and real GDP and calculate and interpret the GDP deflator;
d Compare GDP, national income, personal income, and personal disposable income;
e Explain the fundamental relationship among saving, investment, the fiscal balance, and the trade balance;
f Explain the IS and LM curves and how they combine to generate the aggregate demand curve;
g Explain the aggregate supply curve in the short run and long run;
h Explain the causes of movements along and shifts in aggregate demand and supply curves;
i Describe how fluctuations in aggregate demand and aggregate supply cause short-run changes in the economy and the business cycle;
j Explain how a short run macroeconomic equilibrium may occur at a level above or below full employment;
k Analyze the effect of combined changes in aggregate supply and demand on the economy;
l Describe the sources, measurement, and sustainability of economic growth;
m Describe the production function approach to analyzing the sources of economic growth;
n Distinguish between input growth and growth of total factor productivity as components of economic growth. |