Economics CFA

By Shivgan Joshi http://stockcreditfinancecfa.blogspot.in/

Content
Microeconomics Market Structure & Macroeconomic Analysis Monetary and fiscal policy

Microeconomics
Elasticity Efficiency and Equity Markets in action Organizing production Output and Costs

Market structure and macroeconomics

Perfect competition Monopolistic competition and oligopoly Market for factors f production Monitoring jobs and price levels Aggregate supply and demand

Monetary and fiscal economics

Money price levels and inflation Us inflation, unemployment and business cycle Fiscal policy Monetary policy An overview of central bank

Elasticity
Elasticity of demand Elasticity of supply <,> 1 issues

Motivation

Resources

Efficiency and Equity

Resource allocation methods Demand and marginal benefit Supply and marginal cost Competitive market

Market in action
Housing Labor Tax Subsidies Illegal goods

Organizing production
The firm and economic problem Technology and economic efficiency Information and organization Markets and firms

Output and cost

Decision time frames Short run technology constrains Short run costs Long run costs

Perfect competition

Monopoly

Monopolistic competition & oligopoly

Market for factors of production

Monitoring job and price level

Aggregates supply and aggregate demand

Remains same

Money, price level and inflation

4 services of depository Federal reserve Real money

US inflation, unemployment and business cycle

Gdp vs inflation Business cycle Types of inflation Phillip curve

Fiscal Policy
Made of federal budget Budget defeciet Tax wedge Laffer curve Ricardo Imbalance

Monetary policy
3 aspects FOMC Instrument rule Targeting rule Federal fund rate

Central banks

Questions

Videos

Consumer Demand
The new and challenging chapter

 Tax on seller vs tax on buyers Small areas of interest is the tax effect on the supply and movement and how they would shift when the tax burden is placed on either of the sides. When we come to the area of curves, the notion about MC=MR is an important concept which is the pillar for 4-5 chapters.

 Taylor Phillip M2 Laffer Curve HHI Index CPI Symmetry Principle which says the results should be symmetrical Automatic Stabilizers

Video Series on Economics

1. 2. 3. 4. 5. 6. 7. Tax Effects Organizing Production Market for factors of Production Output and Costs Macro Economics Market in Action Aggregates supply and aggregate demand

conclusion
501 pages

GDP
Expenditure Method GDP=C+I+G+(X-M) Net Income method C+I+G+(X-M)=C+S+T S=I+(G-T)+(X-M) G-T = (S-I) (X-M) http://en.wikipedia.org/wiki/Twin_deficits_hypot hesis

IS curves
Saving, investment, fiscal balance and trade balance Equations Investment saving graph Changes made to help to understand Currency etc

Elastic Approach

Velocity
MV= PY LM curve

Auction