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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2 ]1 Y. {& H9 f6 U. \
Demand and Supply Analysis: Introduction(Reading 13) ! e, [: X3 y; `9 P$ `
Learning Outcome Statements (LOS)
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( v, h& N7 F5 R) Ya. Distinguish among types of markets;
7 X$ t. G* R; g, V4 `, ]! p5 db. Explain the principals of demand and supply;
7 g, i Q4 X/ @' S1 J( k) Nc. Describe causes of shifts in and movements along demand and supply curves;
' l3 U5 t! m9 R8 [* Pd. Describe the process of aggregating demand and supply curves, the concept of equilibrium, and mechanisms by which markets achieve equilibrium;
* W+ ~3 m) P6 s# q6 y Q7 Y, x7 me. Distinguish between stable and unstable equilibria and identify instances of such equilibria; . ! ~, L, J ^& d7 g; b5 e) f7 C- V
f. Calculate and interpret individual and aggregate demand, inverse demand and supply functions and interpret individual and aggregate demand and supply curves;
& c. N" R+ ], C' ~2 lg. Calculate and interpret the amount of excess demand or excess supply associated with a non-equilibrium price;
0 m7 ?' [, y' m# P% Y* @. Z+ f. Fh. Describe the types of auctions and calculate the winning price(s) of an auction;
4 |9 ]) c- U( F' p# xi. Calculate and interpret consumer surplus, producer surplus, and total surplus; ( d5 v+ O% f% B5 @$ J/ [% p
j. Analyze the effects of government regulation and intervention on demand and supply; 3 f; U, {* f) _2 X) z# E& p, @
k. Forecast the effect of the introduction and the removal of a market interference on price and quantity; - {6 f i* P H7 l& o/ i8 d: `* t
l .Calculate and interpret price, income, and cross-price elasticities of demand and describe factors that affect each measure;7 w4 P. }; j# h" j
0 g9 R4 ?+ U+ D7 W1. Consumer surplus is best describe as: & W! Y$ F0 R/ x) p7 P" z
A. Always less than or equal to zero 2 }0 Z- j3 j) Z- k* @9 U: S5 V. e
B. Always greater than or equal to zero
# {! ~2 n4 ?; t* `8 M9 w" i# A& hC. At times positive and at other times negative 0 R# _ D& [ x4 q/ X2 k, d
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* k% f5 H9 B! y1 P; y' s; _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: 4 g' P- O* z/ g, t) F
A. 26
8 g G5 `+ h3 A: X! \) gB. 60 & L' _2 o8 G9 ?# @* z+ w
C. 120
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3. Which of the following government interventions in market forces is most likely to cause overproduction?
, V' c0 | {& T8 t$ ^A. Price floors / [# S' {/ X% Z/ i9 g! }$ W
B. Price ceilings + A3 ]+ \; T' |) \
C. Imposing an additional per-unit tax $1 on sellers
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4. Demand for a good is most likely to be more elastic when:
5 P, b; V: X# s) xA. the good is a necessity
% d0 Z+ ~: M* N/ T6 e D- kB. a lesser proportion of income is spent on the good 0 ~6 Z0 Q; P7 i
C. 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: ; h/ K0 U3 T/ h1 i4 w9 ^* o; r
A. elastic
5 h6 k& t2 B" p" c0 | d0 ?- vB. inelastic 9 r* ~& l# i# M3 O
C. perfectly elastic
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发表于 2016-1-28 10:39:40
