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本帖最后由 CFA-online 于 2016-1-28 10:42 编辑 7 I( \# J# z) g) @% T% E
, M: Y, x2 [) Z9 p0 x/ }" S; RCFA Level I:Economics - DEMAND AND SUPPLY ANALYSIS INTRODUCTION 精选题和学习要点# q- i% O) q2 X$ S, N$ |# f
Demand and Supply Analysis: Introduction(Reading 13)
2 X$ Z' j+ d4 k# O* ALearning Outcome Statements (LOS)
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a. Distinguish among types of markets;
" _) |3 m0 s9 j" X: eb. Explain the principals of demand and supply; ! x( s0 A* K( Q. a3 N3 w
c. Describe causes of shifts in and movements along demand and supply curves; " P# {. V/ D& w8 U8 c' j
d. Describe the process of aggregating demand and supply curves, the concept of equilibrium, and mechanisms by which markets achieve equilibrium;
9 n+ u% j# M! |9 w( s/ D, e4 {) Ve. Distinguish between stable and unstable equilibria and identify instances of such equilibria; .
2 u) r' ]5 j7 l- A9 S5 ?( Y1 C% s5 U4 {f. Calculate and interpret individual and aggregate demand, inverse demand and supply functions and interpret individual and aggregate demand and supply curves; # p) \2 O) z3 ~$ O. [% d* ?0 y u
g. Calculate and interpret the amount of excess demand or excess supply associated with a non-equilibrium price;
9 U5 |# q0 L6 C3 Wh. Describe the types of auctions and calculate the winning price(s) of an auction; - i a& g7 t& b( W. m! c' ^
i. Calculate and interpret consumer surplus, producer surplus, and total surplus;
: |# ^' Q5 I- e D8 Oj. Analyze the effects of government regulation and intervention on demand and supply;
/ }1 T9 O+ q: ` w8 R. @# Y% fk. Forecast the effect of the introduction and the removal of a market interference on price and quantity;
7 w" l+ ?) _$ X! `! sl .Calculate and interpret price, income, and cross-price elasticities of demand and describe factors that affect each measure;& j( L9 D0 k) H( @0 B6 h$ x9 ?; w
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1. Consumer surplus is best describe as:
5 d8 {! F3 k8 r R& `, k7 L+ p( k' P+ WA. Always less than or equal to zero ! ~( d) l V ~/ l
B. Always greater than or equal to zero 9 d/ i3 U% R1 X% c8 a# B
C. At times positive and at other times negative
9 P+ s! H: _, N% ^登录回复后可见：答案和详解
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# c( ^9 w7 @$ r2. 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: ! V8 D3 H0 S- w( W e3 e3 c* {
A. 26 K* p2 r' b5 C7 n) v$ k
B. 60 8 D& I4 f! N/ @( J4 L
C. 120
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3. Which of the following government interventions in market forces is most likely to cause overproduction?8 A `0 n& m. I4 t' [
A. Price floors
6 V6 Y" x( y/ e* W4 JB. Price ceilings " g- Q3 W% @8 H
C. Imposing an additional per-unit tax $1 on sellers
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$ X* o' @+ g( ?& ^9 C# y4. Demand for a good is most likely to be more elastic when:
. O4 E( p; S m3 r3 R& }! _, [A. the good is a necessity5 A) S4 i* D, w7 Z2 S1 Y2 c; G
B. a lesser proportion of income is spent on the good
# z) _) O/ S$ R, gC. the adjustment to a price change takes a longer time 6 h9 J0 Z) s4 v4 }2 j# m* w6 d6 j
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* _/ S* y& {9 ?$ N4 @- P* G6 f3 V" s5. 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: - B- R% C" C3 ?* H' |7 g1 a$ K
A. elastic
# k \* o$ o( X4 G+ t1 K. G; MB. inelastic
+ o) M: F; L" }2 H& o5 X3 _C. perfectly elastic
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发表于 2016-1-28 10:39:40
