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" ^; B& g0 P* B! |$ CCFA Level I:Economics - DEMAND AND SUPPLY ANALYSIS INTRODUCTION 精选题和学习要点
# z; y. |" \8 e+ R D/ M s oDemand and Supply Analysis: Introduction(Reading 13)
$ b8 I4 i& Q3 [$ i. i: S) MLearning Outcome Statements (LOS)
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a. Distinguish among types of markets; 0 Q3 Z0 X) ?" M
b. Explain the principals of demand and supply;
* S) E3 {+ G) Y+ E3 n! pc. Describe causes of shifts in and movements along demand and supply curves; # C! G3 T- F9 H$ w, Q9 d2 u
d. Describe the process of aggregating demand and supply curves, the concept of equilibrium, and mechanisms by which markets achieve equilibrium;9 p) {% D, x8 [0 k: D
e. Distinguish between stable and unstable equilibria and identify instances of such equilibria; . - I+ a( K1 S5 S, \7 V/ v0 `' h# E/ g9 q
f. Calculate and interpret individual and aggregate demand, inverse demand and supply functions and interpret individual and aggregate demand and supply curves;
( Y; r; ~. S- ]- W8 }: mg. Calculate and interpret the amount of excess demand or excess supply associated with a non-equilibrium price;
3 g; Q4 B% l; w# eh. Describe the types of auctions and calculate the winning price(s) of an auction; ; M @! J6 Q% H R u4 m0 @* ?! K9 b
i. Calculate and interpret consumer surplus, producer surplus, and total surplus; 1 n& M* {+ b3 S) d& k* \" y. r
j. Analyze the effects of government regulation and intervention on demand and supply; 7 `6 |. `) g2 l: t
k. Forecast the effect of the introduction and the removal of a market interference on price and quantity;
6 {3 ~3 ~8 s% B! |9 e* z# Wl .Calculate and interpret price, income, and cross-price elasticities of demand and describe factors that affect each measure;
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" @8 r* Q" z; N) O9 r1. Consumer surplus is best describe as: % @- N5 @1 ?; B) r4 w6 Z
A. Always less than or equal to zero / U. b5 X( L% c3 \- d( ^( B
B. Always greater than or equal to zero
# I' C" Z0 ^; O3 OC. At times positive and at other times negative
) a; K6 G q( v# d7 W+ n登录回复后可见:答案和详解" l% d# @% e3 k* x# M
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2. If mangoes cost India Rupees (INR) 10 each, a consumer spends his budget on fruits that he values more highly than mangoes. However, at a price of INR 4 per mango the consumer buys 20 mangos. The total consumer surplus (in INR) is closest to: ) {8 J; R9 v; M8 m' B ~/ q* S
A. 26
- g) v% q0 W% T: lB. 60 3 _, f+ y- }) {% g$ E+ C8 y& U. R+ P
C. 120
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3 l$ m/ Y1 ^# U7 T7 B4 Z3. Which of the following government interventions in market forces is most likely to cause overproduction?
. v0 c* k; o: f3 V7 ` m* q7 WA. Price floors 9 Y8 q5 Y' @6 k6 h
B. Price ceilings
& Q c9 G6 W9 g: ~C. Imposing an additional per-unit tax $1 on sellers : h$ q8 g, e# m- n
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4. Demand for a good is most likely to be more elastic when:
6 ]$ x( |' r5 F7 Q: w |5 eA. the good is a necessity
* U) `* k; n6 n4 P$ HB. a lesser proportion of income is spent on the good
2 I5 j+ a( g- D- q% j5 l& C9 JC. the adjustment to a price change takes a longer time
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5. Over a given period, the price of a commodity falls by 5.0% and the quantity demanded rises by 7.5%. the price elasticity of demand for the commodity is best described as: ! D5 d* U7 [) o) j. U
A. elastic" h6 E i: [) Y. N i& p
B. inelastic
# d+ {/ z8 c4 a- [: f6 V# f6 b+ |C. perfectly elastic
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