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本帖最后由 CFA-online 于 2016-1-28 10:42 编辑
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CFA Level I:Economics - DEMAND AND SUPPLY ANALYSIS INTRODUCTION 精选题和学习要点3 i3 U; O+ R/ R+ j6 G' i- H
Demand and Supply Analysis: Introduction(Reading 13)
4 b$ f% V0 H, B4 N% x% v- vLearning Outcome Statements (LOS) ( v& C- G4 p! H1 M& j0 l
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a. Distinguish among types of markets; 4 }5 G1 p' P/ T
b. Explain the principals of demand and supply; ! u; r- l9 d3 M6 |
c. Describe causes of shifts in and movements along demand and supply curves; # ~" O/ D4 d% N$ Z; r
d. Describe the process of aggregating demand and supply curves, the concept of equilibrium, and mechanisms by which markets achieve equilibrium;: |/ D& V5 Q6 L* N8 P1 O
e. Distinguish between stable and unstable equilibria and identify instances of such equilibria; .
4 q; R' ~% P! y6 j9 ~* k% gf. Calculate and interpret individual and aggregate demand, inverse demand and supply functions and interpret individual and aggregate demand and supply curves;
; I" n$ s9 \" p1 n6 n7 kg. Calculate and interpret the amount of excess demand or excess supply associated with a non-equilibrium price; ; T$ Q# V' p Z! u2 e" T( B5 p3 A
h. Describe the types of auctions and calculate the winning price(s) of an auction; 4 M1 h6 C/ D& H) z0 x3 N4 D
i. Calculate and interpret consumer surplus, producer surplus, and total surplus;
( J2 K2 Y/ g8 B! `- g* zj. Analyze the effects of government regulation and intervention on demand and supply; & _7 P5 X6 a0 \. F, p, C9 b W
k. Forecast the effect of the introduction and the removal of a market interference on price and quantity;
. Q2 @ R# z" u9 e* y7 W, c* @! _l .Calculate and interpret price, income, and cross-price elasticities of demand and describe factors that affect each measure;
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1. Consumer surplus is best describe as:
& `; U8 Q# b( f6 \A. Always less than or equal to zero
: r* b1 `6 G! m, K+ `2 a9 K2 nB. Always greater than or equal to zero
" F6 y( B& g9 I7 y7 x2 uC. At times positive and at other times negative
3 Y9 ~; U7 s* k% }5 G+ T1 }登录回复后可见：答案和详解% G" b. {% ?; \
6 k2 Y$ l8 L; k5 k$ f. Y2. 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:
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B. 60
$ [; E6 H6 V! H1 ~+ b+ vC. 120 " \8 v! N1 ~( ~) J( ~. k; a/ e5 w) h
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# {& U9 E3 H9 f N g2 j3. Which of the following government interventions in market forces is most likely to cause overproduction?+ g* C# A0 ]4 z0 Y3 O) F* D: T9 ?1 {. U% l
A. Price floors " B6 q5 B+ w0 i7 }, T* v) f
B. Price ceilings 0 A5 [( o: m. c4 f* \( _; n
C. Imposing an additional per-unit tax $1 on sellers 4 n) s# H& \3 C. v% h. m3 x- E
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4. Demand for a good is most likely to be more elastic when: ; h6 A/ m: I" T$ X/ ^+ s) K
A. the good is a necessity
`" Z1 Q6 m) F: }4 ]B. a lesser proportion of income is spent on the good $ V% z% B$ H+ u# | f
C. the adjustment to a price change takes a longer time ' }' Z8 X' F3 t8 W+ o/ @0 \
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$ g5 ], d0 p- u) @1 o5. 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:
" W9 F% ]! `/ {$ R- `! C) mA. elastic8 @) W$ ]- V. |6 M
B. inelastic
f" _: ^# ]: J& q) A) X+ `C. perfectly elastic
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发表于 2016-1-28 10:39:40
