Tài liệu 2018 CFA level 1 study note book2

Tài liệu 2018 CFA level 1 study note book2 Tài liệu 2018 CFA level 1 study note book2 Tài liệu 2018 CFA level 1 study note book2 Tài liệu 2018 CFA level 1 study note book2 Tài liệu 2018 CFA level 1 study note book2 Tài liệu 2018 CFA level 1 study note book2 Tài liệu 2018 CFA level 1 study note book2 Tài liệu 2018 CFA level 1 study note book2 Tài liệu 2018 CFA level 1 study note book2

Table of Contents Getting Started Flyer Table of Contents Page List Book 2: Economics Reading Assignments and Learning Outcome Statements Topics in Demand and Supply Analysis LOS 14.a: Calculate and interpret price, income, and cross-price elasticities of demand and describe factors that affect each measure LOS 14.b: Compare substitution and income effects LOS 14.c: Distinguish between normal goods and inferior goods LOS 14.d: Describe the phenomenon of diminishing marginal returns LOS 14.e: Determine and interpret breakeven and shutdown points of production LOS 14.f: Describe how economies of scale and diseconomies of scale affect costs Key Concepts LOS 14.a LOS 14.b LOS 14.c LOS 14.d LOS 14.e LOS 14.f Concept Checkers Answers – Concept Checkers The Firm and Market Structures LOS 15.a: Describe characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly LOS 15.b: Explain relationships between price, marginal revenue, marginal cost, economic profit, and the elasticity of demand under each market structure LOS 15.d: Describe and determine the optimal price and output for firms under each market structure LOS 15.e: Explain factors affecting long-run equilibrium under each market structure LOS 15.c: Describe a firm’s supply function under each market structure LOS 15.f: Describe pricing strategy under each market structure LOS 15.g: Describe the use and limitations of concentration measures in identifying market structure LOS 15.h: Identify the type of market structure within which a firm operates Key Concepts LOS 15.a LOS 15.b LOS 15.c LOS 15.d LOS 15.e LOS 15.f LOS 15.g LOS 15.h 10 Concept Checkers Answers – Concept Checkers Aggregate Output, Prices, and Economic Growth LOS 16.a: Calculate and explain gross domestic product (GDP) using expenditure and income approaches LOS 16.b: Compare the sum-of-value-added and value-of-final-output methods of calculating GDP LOS 16.c: Compare nominal and real GDP and calculate and interpret the GDP deflator LOS 16.d: Compare GDP, national income, personal income, and personal disposable income LOS 16.e: Explain the fundamental relationship among saving, investment, the fiscal balance, and the trade balance LOS 16.f: Explain the IS and LM curves and how they combine to generate the aggregate demand curve LOS 16.g: Explain the aggregate supply curve in the short run and long run LOS 16.h: Explain causes of movements along and shifts in aggregate demand and supply curves LOS 16.i: Describe how fluctuations in aggregate demand and aggregate supply cause short-run changes in the economy and the business cycle 10 LOS 16.j: Distinguish between the following types of macroeconomic equilibria: long-run full employment, short-run recessionary gap, short-run inflationary gap, and short-run stagflation 11 LOS 16.k: Explain how a short-run macroeconomic equilibrium may occur at a level above or below full employment 12 LOS 16.l: Analyze the effect of combined changes in aggregate supply and demand on the economy 13 LOS 16.m: Describe sources, measurement, and sustainability of economic growth 14 LOS 16.n: Describe the production function approach to analyzing the sources of economic growth 15 LOS 16.o: Distinguish between input growth and growth of total factor productivity as components of economic growth 16 Key Concepts LOS 16.a LOS 16.b LOS 16.c LOS 16.d LOS 16.e LOS 16.f LOS 16.g LOS 16.h LOS 16.i 10 LOS 16.j 11 LOS 16.k 12 LOS 16.l 13 LOS 16.m 14 LOS 16.n 15 LOS 16.o 17 Concept Checkers Answers – Concept Checkers Understanding Business Cycles LOS 17.a: Describe the business cycle and its phases LOS 17.b: Describe how resource use, housing sector activity, and external trade sector activity vary as an economy moves through the business cycle LOS 17.c: Describe theories of the business cycle LOS 17.d: Describe types of unemployment and compare measures of unemployment LOS 17.e: Explain inflation, hyperinflation, disinflation, and deflation LOS 17.f: Explain the construction of indexes used to measure inflation LOS 17.g: Compare inflation measures, including their uses and limitations LOS 17.h: Distinguish between cost-push and demand-pull inflation LOS 17.i: Interpret a set of economic indicators and describe their uses and limitations 10 Key Concepts LOS 17.a LOS 17.b LOS 17.c LOS 17.d LOS 17.e LOS 17.f LOS 17.g LOS 17.h LOS 17.i 11 Concept Checkers Answers – Concept Checkers 10 Monetary and Fiscal Policy LOS 18.a: Compare monetary and fiscal policy LOS 18.b: Describe functions and definitions of money 2017-2018年最新CFA一级二级考点汇总中文版 （全）根据CFA最新考纲编写，比看notes还有效率 备考CFA的8大最有效资料和工具 教材/notes/核心词汇手册/考纲及解析手册/计算器讲 解、历年全真模拟题/真题/道德手册/QuickSheet/等等 全套资源获取方式随新考 季更新，永久有效！ PD F里 所 有 资 料 扫 码 获 得 史上最全的学霸学渣党CFA考经笔记分享 扫码关注以上微信公众号：CFAer，回复 【资料】即可免费获取全套资源！此活动 永久有效！资料会常年实时更新！绝对全 面！ 2017-2018年最新CFA视频音频课程及指南 除CFA资料外赠送金融、财会技能视频包+热门书籍 +1000G考证资料包 【CFA万人微信群】 需要加入我们CFA全球考友微信群的请添加CFA菌菌的微信号：374208596，备注需要加哪些 群~或直接扫下方CFA菌菌二维码即可~ 所有人均先加入CFA全球考友总群再根据您的需求加入其他分群~ （2017年12月，2018年6打卡签到监督群，一级、二级、三级分群、上海、武汉、北京、成 都、南京、杭州、广州深圳、香港、海外等分群）！ 备考资料、学霸考经、考试资讯免费共享！交流、答疑、互助应有尽有！快来加入我们吧！ 群数量太多，文件中只是部分展示~有困难的话可以随时咨询我哦！ 10 11 12 13 14 15 16 17 18 19 20 21 LOS 18.c: Explain the money creation process LOS 18.d: Describe theories of the demand for and supply of money LOS 18.e: Describe the Fisher effect LOS 18.f: Describe roles and objectives of central banks LOS 18.g: Contrast the costs of expected and unexpected inflation LOS 18.h: Describe tools used to implement monetary policy LOS 18.i: Describe the monetary transmission mechanism LOS 18.j: Describe qualities of effective central banks LOS 18.k: Explain the relationships between monetary policy and economic growth, inflation, interest, and exchange rates LOS 18.l: Contrast the use of inflation, interest rate, and exchange rate targeting by central banks LOS 18.m: Determine whether a monetary policy is expansionary or contractionary LOS 18.n: Describe limitations of monetary policy LOS 18.o: Describe roles and objectives of fiscal policy LOS 18.p: Describe tools of fiscal policy, including their advantages and disadvantages LOS 18.q: Describe the arguments about whether the size of a national debt relative to GDP matters LOS 18.r: Explain the implementation of fiscal policy and difficulties of implementation LOS 18.s: Determine whether a fiscal policy is expansionary or contractionary LOS 18.t: Explain the interaction of monetary and fiscal policy Key Concepts LOS 18.a LOS 18.b LOS 18.c LOS 18.d LOS 18.e LOS 18.f LOS 18.g LOS 18.h LOS 18.i 10 LOS 18.j 11 LOS 18.k 12 LOS 18.l 13 LOS 18.m 14 LOS 18.n 15 LOS 18.o 16 LOS 18.p 17 LOS 18.q 18 LOS 18.r 19 LOS 18.s 20 LOS 18.t 22 Concept Checkers Answers – Concept Checkers 11 International Trade and Capital Flows LOS 19.a: Compare gross domestic product and gross national product LOS 19.b: Describe benefits and costs of international trade LOS 19.c: Distinguish between comparative advantage and absolute advantage LOS 19.d: Compare the Ricardian and Heckscher–Ohlin models of trade and the source(s) of comparative advantage in each model LOS 19.e: Compare types of trade and capital restrictions and their economic implications LOS 19.f: Explain motivations for and advantages of trading blocs, common markets, and economic unions LOS 19.g: Describe common objectives of capital restrictions imposed by governments LOS 19.h: Describe the balance of payments accounts including their components LOS 19.i: Explain how decisions by consumers, firms, and governments affect the balance of payments 10 LOS 19.j: Describe functions and objectives of the international organizations that facilitate trade, including the World Bank, the International Monetary Fund, and the World Trade Organization 11 Key Concepts LOS 19.a LOS 19.b LOS 19.c LOS 19.d LOS 19.e LOS 19.f LOS 19.g LOS 19.h LOS 19.i 10 LOS 19.j 12 Concept Checkers Answers – Concept Checkers 12 Currency Exchange Rates LOS 20.a: Define an exchange rate and distinguish between nominal and real exchange rates and spot and forward exchange rates LOS 20.b: Describe functions of and participants in the foreign exchange market LOS 20.c: Calculate and interpret the percentage change in a currency relative to another currency LOS 20.d: Calculate and interpret currency cross-rates LOS 20.e: Convert forward quotations expressed on a points basis or in percentage terms into an outright forward quotation LOS 20.f: Explain the arbitrage relationship between spot rates, forward rates, and interest rates LOS 20.g: Calculate and interpret a forward discount or premium LOS 20.h: Calculate and interpret the forward rate consistent with the spot rate and the interest rate in each currency LOS 20.i: Describe exchange rate regimes 10 LOS 20.j: Explain the effects of exchange rates on countries’ international trade and capital flows 11 Key Concepts LOS 20.a LOS 20.b LOS 20.c LOS 20.d LOS 20.e LOS 20.f LOS 20.g LOS 20.h LOS 20.i 10 LOS 20.j 12 Concept Checkers Answers – Concept Checkers 13 Self-Test Assessment: Economics Self-Test Assessment Answers: Economics 14 Formulas 15 Copyright PAGE LIST 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 i iii iv v vi vii viii ix 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 ... 99 10 0 10 1 10 2 10 3 10 4 10 5 10 6 10 7 10 8 10 9 11 0 11 1 11 2 11 3 11 4 11 5 11 6 11 7 11 8 12 7 12 8 12 9 13 0 13 1 13 2 13 3 13 4 13 5 13 6 13 7 13 8 13 9 14 0 14 1 14 2 14 3 14 4 14 5 14 6 14 7 14 8 14 9 15 0 15 1 15 2 15 3 15 4 15 5... 15 6 15 7 15 8 15 9 16 0 16 1 16 2 16 3 16 4 16 5 16 6 16 7 16 8 16 9 17 0 11 9 12 0 12 1 12 2 12 3 12 4 12 5 12 6 12 7 12 8 12 9 13 0 13 1 13 2 13 3 13 4 13 5 13 6 13 7 13 8 13 9 14 0 14 1 14 2 14 3 14 4 14 5 14 6 14 7 14 8 14 9 15 0 15 1... 15 1 15 2 15 3 15 4 15 5 15 6 15 7 15 8 15 9 16 0 16 1 16 2 17 1 17 2 17 3 17 4 17 5 17 6 17 7 17 8 17 9 18 0 18 1 18 2 18 3 18 4 18 5 18 6 18 7 18 8 18 9 19 0 19 1 19 2 16 3 16 4 16 5 16 6 16 7 16 8 16 9 17 0 17 1 17 2 17 3 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