Download - CFA Level I - Macroeconomics
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CFA Level I MacroeconomicsPresented by: Aditya Ahluwaliawww.finstructor.in
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GDP total market value of goods and services produced in a country within a certain time periodTransfer payments not includedUses market value of goods and servicesUses only goods produced within that periodIntermediate goods are not included
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Sum of value added and value of final output method
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Nominal and Real GDP
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Expenditure approach
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National income income received by all factors of production that create final output
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Personal income pretax income to households
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Aggregate demandConsumption Marginal propensity to consume (MPC) and Marginal propensity to Save (MPS). MPC + MPS = 100%Investment Int rates and profitabilityGovernment purchases tax revenue (can be considered independent)Net exports relative prices of goods
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IS curve
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IS Curve
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LM Curve
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LM Curve
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Aggregate Supply
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Shift in aggregate demandIncrease in consumers wealthBusiness expectationsConsumer expectationsHigher capacity utilizationExpansionary monetary policyExpansionary fiscal policyExchange ratesGlobal economic growth
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Shift in SRAS
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Shift in LRAS
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Long run equilibrium
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Disequilibrium
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Adjustment to increase in demand
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Adjustment to decrease in demand
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Implications for analysisRecessionary Gap
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Implications for analysisInflationary Gap
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Implications for analysisInflationary Gap
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Stagflation
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Labor supplyHuman capitalPhysical capital stockTechnologyNatural resources
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Production Function
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Business CycleKeynesian school level of optimism of those who run businessesNew Keynesian school downward sticky wagesMonetaristAustrian school government interventionNew classical school changes in technology and external shocks
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Economic Indicators
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Economic Indicator