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