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ECONOMICS : CFA PROGRAM CURRICULUM, VOL. 2, LEVEL 1 2010
CFA INSTITUTE
2010
BOOK
| Category |
ECONOMICS
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| Abstract |
THIS STUDY SESSION FOCUSES ON MICROECONOMI CONCEPTS AND HOW FIRMS ARE AFFECTED BY THESE CONCEPTS. ONE OF THE MAIN CONCEPTS RELATED TO THE EQUILIBRIUM BETWEEN DEMAND AND SUPPLY IS ELASTICITY, WHICH MEASURES THE RATE OF CHANGES ON THE EQUILIBRIUM PRICE LEVEL. A SECOND KEY CONCEPTS IS EFFICIENCY, WHICH IS A MEASURE OF THE FIRM' S "OPTIMAL"OUTPUT GIVEN ITS COST AND REVENUE FUCTIONS. UDERSTENDING THESE CONCEPTS ENABLES ANALYSTS TO DIFFERENTIATE AMONG VARIOUS COMPANIES ON AN INDIVIDUAL LEVEL AND TO DETERMINE THEIR ATTRACTIVENESS FOR AN INVESTOR.
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| ISBN |
9780558160180
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| Author(s) |
CFA INSTITUTE
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| Credits |
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| Edition |
1ST ED.
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| Year |
2010
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| Publisher |
CFA INSTITUTE
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| Type |
BOOK
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| Keywords |
ECONOMICS
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| Language |
English |
| Collation |
506 P.,, GLOSSARY, INDEX, 25 CM.
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