Cfa Level 1 Complete Economics

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Deep dive into Economics with the Bestselling CFA® prep course provider | With visual learning + Quizzes

Last updated 2022-01-10 | 4.7

- Calculate and interpret elasticities
- Determine and interpret breakeven and shutdown points of production
- Understand the characteristics and pricing strategy of perfect competition
- monopolistic competition
- oligopoly
- and pure monopoly

What you'll learn

Calculate and interpret elasticities
Determine and interpret breakeven and shutdown points of production
Understand the characteristics and pricing strategy of perfect competition
monopolistic competition
oligopoly
and pure monopoly
Calculate and explain GDP using expenditure and income approaches
Explain movements in aggregate demand and supply curves
Understand the theories of the business cycle
Explain inflation
hyperinflation
disinflation
and deflation
Distinguish between cost-push and demand-pull inflation
Understand and describe tools for monetary and fiscal policy
Describe roles
objectives and desirable qualities of central banks
Compare GDP vs GNP
Describe the balance of payments accounts including their components
Calculate and interpret currency cross-rates
Explain the arbitrage relationship between currency spot rates
forward rates
and interest rates

* Requirements

* Basic mathematics knowledge

Description

  • Calculate and interpret elasticities
  • Determine and interpret breakeven and shutdown points of production
  • Understand the characteristics and pricing strategy of perfect competition, monopolistic competition, oligopoly, and pure monopoly
  • Calculate and explain GDP using expenditure and income approaches
  • Explain movements in aggregate demand and supply curves
  • Understand the theories of the business cycle
  • Explain inflation, hyperinflation, disinflation, and deflation
  • Distinguish between cost-push and demand-pull inflation
  • Understand and describe tools for monetary and fiscal policy
  • Describe roles, objectives and desirable qualities of central banks
  • Compare GDP vs GNP
  • Describe the balance of payments accounts including their components
  • Calculate and interpret currency cross-rates
  • Explain the arbitrage relationship between currency spot rates, forward rates, and interest rates

Course content

9 sections • 53 lectures

Introduction 2 lectures

How To Get The Most Out Of This Course Preview 03:40

Formulas, Definitions, Diagrams at your FINGERTIPS! Preview 00:48

Topics in Demand and Supply Analysis 7 lectures

Own-Price Elasticity of Demand Preview 08:29

Cross Price and Income Elasticity of Demand Preview 08:58

Substitution and Income Effects Preview 04:27

Marginal Returns and Productivity Preview 06:25

Breakeven and Shutdown Analysis Preview 12:11

Economies and Diseconomies of Scale Preview 03:40

Test Your Understanding Preview 00:09

The Firm and Market Structures 8 lectures

Characteristics of Market Structure Preview 06:37

Perfect Competition Preview 08:55

Monopolistic Competition Preview 04:13

Oligopoly Preview 11:56

Monopoly Preview 10:46

Pricing Strategy Preview 05:07

Measuring Market Concentration Preview 04:55

Test Your Understanding Preview 00:09

Aggregate Output, Prices, and Economic Growth 7 lectures

Introduction to GDP Preview 09:23

Components of GDP Preview 09:00

Aggregate Demand and Aggregate Supply Preview 08:16

Shifts in Aggregate Demand and Supply Preview 08:22

Macroeconomic Equilibrium Preview 08:33

Economic Growth and Sustainability Preview 07:52

Test Your Understanding Preview 00:09

Understanding Business Cycles 7 lectures

Overview of the Business Cycle Preview 10:22

Theories of the Business Cycle Preview 06:11

Unemployment Preview 05:16

Inflation Preview 07:36

Measuring Inflation Preview 09:07

Economic Indicators Preview 06:28

Test Your Understanding Preview 00:09

Monetary and Fiscal Policy 10 lectures

Money and its Creation Process Preview 05:22

Demand and Supply of Money Preview 06:57

Expected and Unexpected Inflation Preview 07:13

Roles and Desirable Qualities of the Central Bank Preview 09:10

Monetary Policy Tools Preview 10:38

Limitations of Monetary Policy Preview 05:55

Fiscal Policy Preview 08:17

Fiscal Policy Tools Preview 14:02

Interaction Between Monetary and Fiscal Policy Preview 03:17

Test Your Understanding Preview 00:09

International Trade and Capital Flows 6 lectures

International Trade Preview 12:27

Trade Restrictions and Trade Agreements Preview 07:47

Capital Restrictions Preview 03:53

Balance of Payments Preview 09:00

Trade Organisations Preview 03:46

Test Your Understanding Preview 00:09

Currency Exchange Rates 5 lectures

Foreign Exchange Rates Preview 09:39

Forward Exchange Rates Preview 10:28

Exchange Rate Regimes Preview 06:37

Exchange Rates, International Trade, and Capital Flows Preview 10:00

Test Your Understanding Preview 00:09

BONUS: Further resources for your exam prep 1 lectures

BONUS: Further resources for your exam prep Preview 00:34