Topics in Demand and Supply Analysis (2023 Level I CFA® Exam - Economics - Module 1)

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Topic 2 - Economics
Module 1 - Topics in Demand and Supply Analysis
0:00 Introduction and Learning Outcome Statements
4:24 LOS: calculate and interpret price, income, and cross-price elasticities of demand and describe factors that affect each measure
12:52 LOS: compare substitution and income effects
13:50 LOS: distinguish between normal goods and inferior goods
17:52 LOS: describe the phenomenon of diminishing marginal returns
22:14 LOS: determine and describe breakeven and shutdown points of production
26:03 LOS: describe how economies of scale and diseconomies of scale affect costs

[@shradhabhawar2312]

Very well explained!🙌
Can i use these for 2024 attempt?

[@qudizzle1]

very well done lecture,

[@analystprep]

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[@jeremy0158]

In the last slide, Why Q1 is the ideal firm size when Q2 minimises the average cost. It should be Q2 right ?

[@soundharyasfeed7374]

thats what i thought too

[@removing.complexity]

Reading 8 and reading 9 is it complete economics? or it's just an trailer

[@michellewang4984]

it's the complete version :)