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本帖最后由 CFA-online 于 2016-1-28 10:42 编辑
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Q2 ^& W4 h" ^1 r: F- u; ICFA Level I:Economics - DEMAND AND SUPPLY ANALYSIS INTRODUCTION 精选题和学习要点
$ \( _3 @5 M. t/ C: u3 c: \- `1 QDemand and Supply Analysis: Introduction(Reading 13) + G' C" T8 w* X: V
Learning Outcome Statements (LOS)
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: W; S9 |0 D) V0 O. e2 \, ta. Distinguish among types of markets; 4 j% {) q% W5 Q& V: G( Y+ N7 s
b. Explain the principals of demand and supply; ( @6 F, N, r1 o# B
c. Describe causes of shifts in and movements along demand and supply curves;
- C6 t' q' Q3 x( \- Q7 n* Yd. Describe the process of aggregating demand and supply curves, the concept of equilibrium, and mechanisms by which markets achieve equilibrium;
( ]7 K- O* K: ^6 K2 a+ @* `* De. Distinguish between stable and unstable equilibria and identify instances of such equilibria; . ' y: O* ^( R4 Q
f. Calculate and interpret individual and aggregate demand, inverse demand and supply functions and interpret individual and aggregate demand and supply curves;
! b% q& ^+ j( X$ d" p, @g. Calculate and interpret the amount of excess demand or excess supply associated with a non-equilibrium price;
8 t4 B5 n& m2 T8 t! x8 [* gh. Describe the types of auctions and calculate the winning price(s) of an auction;
/ M( x# L. V% R, z5 Y$ @i. Calculate and interpret consumer surplus, producer surplus, and total surplus; . n1 ?: ?$ o6 v6 K
j. Analyze the effects of government regulation and intervention on demand and supply; 7 r) c/ o, ^* u ~( d% `4 j& P! b
k. Forecast the effect of the introduction and the removal of a market interference on price and quantity;
9 _7 J3 p- h& M9 al .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: ) t O$ X9 B% @- y. ]6 J
A. Always less than or equal to zero
+ q1 y3 w& {! B# S! fB. Always greater than or equal to zero
. B. t4 u+ h& `) @0 B" B {C. At times positive and at other times negative ) D. ^) Q& i$ r4 q: z* r2 m. x
登录回复后可见：答案和详解
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0 P5 b& v, p# [5 _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: ! u3 D( i6 v2 o1 o2 `1 B
A. 26% X# E$ A5 L& k0 k) O% ?+ n7 H
B. 60
4 p* d* B8 [1 C; m# ?- \C. 120
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, H8 X9 i" j, N9 i: Y7 O5 M3 ^3. Which of the following government interventions in market forces is most likely to cause overproduction?# x# Z$ S2 ], L1 k, Y4 `5 m4 O
A. Price floors
8 g$ n- r. `9 M& v1 Z1 ^3 vB. Price ceilings 6 [* ^2 q8 J& t9 [* L! z
C. Imposing an additional per-unit tax $1 on sellers # q" \ Z% K. O' D3 y5 J6 @6 a. [
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4. Demand for a good is most likely to be more elastic when:
0 x8 |! L( @/ J, v M' `1 cA. the good is a necessity
% r5 y$ [7 r" \6 B+ j( |( w9 b, F: F! J' f$ \B. a lesser proportion of income is spent on the good
' O) e) q% j+ e. 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: 8 j" a x5 G: u$ Z7 S1 C2 {, y
A. elastic
; } M7 R! ?" S- ZB. inelastic / K- V4 ~6 W. y
C. perfectly elastic
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发表于 2016-1-28 10:39:40
