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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" k4 i+ G1 n2 {" @+ h
Demand and Supply Analysis: Introduction(Reading 13) - m4 X b0 [' _5 W- v) y
Learning Outcome Statements (LOS) 2 e$ z: K) S8 ]( S- \
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a. Distinguish among types of markets;
7 G8 Y5 \& V; j% H. ]b. Explain the principals of demand and supply;
8 Z; [# Q8 Y0 P' ], w6 w4 sc. Describe causes of shifts in and movements along demand and supply curves;
4 ~' s J0 g4 K. ~4 q9 Bd. Describe the process of aggregating demand and supply curves, the concept of equilibrium, and mechanisms by which markets achieve equilibrium;
0 Z" F/ l* Y; D) j' u: f: Q4 d( }e. Distinguish between stable and unstable equilibria and identify instances of such equilibria; . i; {; {7 W( w5 @
f. Calculate and interpret individual and aggregate demand, inverse demand and supply functions and interpret individual and aggregate demand and supply curves; " S! q8 X2 d9 U" H& R! Y8 u0 I
g. Calculate and interpret the amount of excess demand or excess supply associated with a non-equilibrium price;
# r4 M! j X/ ^# N; Bh. Describe the types of auctions and calculate the winning price(s) of an auction; " P7 i2 X( r1 F' Y! E* Q q1 A9 J K- Z
i. Calculate and interpret consumer surplus, producer surplus, and total surplus; ) o$ N+ _) `( @ I
j. Analyze the effects of government regulation and intervention on demand and supply;
# q% I$ [- [* s9 Q4 w' E/ x/ o) \k. Forecast the effect of the introduction and the removal of a market interference on price and quantity; 3 b+ f" p+ F; X. J6 y5 j
l .Calculate and interpret price, income, and cross-price elasticities of demand and describe factors that affect each measure;
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6 L1 N" y3 T0 h6 \3 v4 R- M5 g1. Consumer surplus is best describe as: 3 W6 P) [! f4 |! M+ l
A. Always less than or equal to zero
$ X* G3 k; F: A% KB. Always greater than or equal to zero , J8 R7 U+ K$ Z m, ^. x
C. At times positive and at other times negative
- ]+ {; l& X$ c; h1 q3 q; d. A' `登录回复后可见：答案和详解
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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: - r: P2 `7 N1 y2 N
A. 26
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C. 120 * c8 I$ P6 {0 k4 L0 T/ \/ I
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- }/ z* ^& w2 t s/ k3. Which of the following government interventions in market forces is most likely to cause overproduction?
2 Q# T. j) Z% t' ]. j9 J5 u% IA. Price floors , o5 @- F$ x) ]- r. V4 ?) J; L
B. Price ceilings - M8 U) G3 g& x" g8 R; N# I8 L
C. Imposing an additional per-unit tax $1 on sellers C; s- j5 a; t6 v4 v( |
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& D0 g) l6 l+ m1 f6 Q$ J* K* V2 w4. Demand for a good is most likely to be more elastic when: . _1 L0 \8 ~8 U/ | G+ g$ e% F
A. the good is a necessity
% T' v3 K0 V1 T* N2 wB. a lesser proportion of income is spent on the good % Q& G: N, r+ {+ D
C. the adjustment to a price change takes a longer time
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- [2 M- L6 p4 d) r+ ~ `! 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: $ S; s- T; K: }3 F
A. elastic) A+ \' _" v4 T
B. inelastic
5 T$ J1 X Y; q3 j3 g$ L* EC. perfectly elastic 7 U$ G! T, @& p; d! P* Y
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发表于 2016-1-28 10:39:40
