CFA考试资料 – 2008 Schweser study notes Book 1.pdf～2008 Schweser Book 3.pdf下载

The topical coverage corresponds with the following CFA Institute assigned reading:
13. Elasticity
The candidate should be able to:
a. calculate and interpret the elasticities of demand (price elasticity, cross elasticity, income
elasticity) and the elasticity of supply, and discuss the factors that influence each measure. (page 9)
b. calculate elasticities on a straight-line demand curve, differentiate among elastic, inelastic, and
unit elastic demand and describe the relation between price elasticity of demand and total
revenue. (page 15)
The topical coverage corresponds with the following CFA Institute assigned reading:
14. Efficiency and Equity
The candidate should be able to:
a. explain allocative efficiency, marginal benefit and marginal cOSt, and demonstrate why the
efficient quanti ty occurs where marginal benefi t equals marginal cost. (page 20)
b. distinguish between the price and the value of a product and explain the demand curve and
consumer surplus. (page 21)
c. distinguish between the COSt and the price of a product and explain the supply curve and producer
surplus. (page 23) .
d. discuss the relationship between consumer surplus, producer surplus, and equilibrium. (page 23),
e. explain 1) how efficient markets ensure optimal resource utilization and 2) the obstacles to
efficiency and the resulting underproduction or overproduction, including the concept of
deadweight loss. (page 24)
f. explain the two groups of ideas about the fairness principle (utilitarianism and the symmetry
principle) and discuss the relation between fairness and efficiency. (page 27)