Economics for investment decision makers : micro, macro, and international economics / Christopher D. Piros, CFA, Jerald E. Pinto, CFA (editors).

Format:

Book

Contributor:

Piros, Christopher Dixon, editor.

Pinto, Jerald E., editor.

CFA Institute.

Series:

CFA Institute investment series.

CFA Investment Institute Series

Language:

English

Subjects (All):

Supply and demand.

Microeconomics.

Macroeconomics.

Investments.

Economics.

Physical Description:

1 online resource (802 pages)

Place of Publication:

Hoboken, New Jersey : John Wiley & Sons, [2013]

Language Note:

English

Summary:

The economics background investors need to interpret global economic news distilled to the essential elements: A tool of choice for investment decision-makers. Written by a distinguished academics and practitioners selected and guided by CFA Institute, the world's largest association of finance professionals, Economics for Investment Decision Makers is unique in presenting microeconomics and macroeconomics with relevance to investors and investment analysts constantly in mind. The selection of fundamental topics is comprehensive, while coverage of topics such as inter

Contents:

Economics for Investment Decision Makers: Micro, Macro, and International Economics; Copyright; Contents; Foreword; Acknowledgments; About the CFA Institute Investment Series; Chapter 1: Demand and Supply Analysis: Introduction; Learning Outcomes; 1. Introduction; 2. Types of Markets; 3. Basic Principles and Concepts; 3.1. The Demand Function and the Demand Curve; 3.2. Changes in Demand versus Movements along the Demand Curve; 3.3. The Supply Function and the Supply Curve; 3.4. Changes in Supply versus Movements along the Supply Curve; 3.5. Aggregating the Demand and Supply Functions

3.6. Market Equilibrium3.7. The Market Mechanism: Iterating toward Equilibrium-or Not; 3.8. Auctions as a Way to Find Equilibrium Price; 3.9. Consumer Surplus-Value minus Expenditure; 3.10. Producer Surplus-Revenue minus Variable Cost; 3.11. Total Surplus-Total Value minus Total Variable Cost; 3.12. Markets Maximize Society's Total Surplus; 3.13. Market Interference: The Negative Impact on Total Surplus; 4. Demand Elasticities; 4.1. Own-Price Elasticity of Demand; 4.2. Own-Price Elasticity of Demand: Impact on Total Expenditure; 4.3. Income Elasticity of Demand: Normal and Inferior Goods

4.4. Cross-Price Elasticity of Demand: Substitutes and Complements4.5. Calculating Demand Elasticities from Demand Functions; 5. Summary; Practice Problems; Chapter 2: Demand and Supply Analysis: Consumer Demand; Learning Outcomes; 1. Introduction; 2. Consumer Theory: From Preferences to Demand Functions; 3. Utility Theory: Modeling Preferences and Tastes; 3.1. Axioms of the Theory of Consumer Choice; 3.2. Representing the Preference of a Consumer: The Utility Function; 3.3. Indifference Curves: The Graphical Portrayal of the Utility Function; 3.4. Indifference Curve Maps

3.5. Gains from Voluntary Exchange: Creating Wealth through Trade4. The Opportunity Set: Consumption, Production, and Investment Choice; 4.1. The Budget Constraint; 4.2. The Production Opportunity Set; 4.3. The Investment Opportunity Set; 5. Consumer Equilibrium: Maximizing Utility Subject to the Budget Constraint; 5.1. Determining the Consumer's Equilibrium Bundle of Goods; 5.2. Consumer Response to Changes in Income: Normal and Inferior Goods; 5.3. How the Consumer Responds to Changes in Price; 6. Revisiting the Consumer's Demand Function

6.1. Consumer's Demand Curve from Preferences and Budget Constraints6.2. Substitution and Income Effects for a Normal Good; 6.3. Income and Substitution Effects for an Inferior Good; 6.4. Negative Income Effect Larger than Substitution Effect: Giffen Goods; 6.5. Veblen Goods: Another Possibility for a Positively Sloped Demand Curve; 7. Summary; Practice Problems; Chapter 3: Demand and Supply Analysis: The Firm; Learning Outcomes; 1. Introduction; 2. Objectives of the Firm; 2.1. Types of Profit Measures; 2.2. Comparison of Profit Measures; 3. Analysis of Revenue, Costs, and Profits

3.1. Profit Maximization

Notes:

Description based upon print version of record.

Includes bibliographical references and index.

Description based on online resource; title from title page (ebrary, viewed April 13, 2013).

ISBN:

9781299314801

1299314805

9781118418802

1118418808

OCLC:

809989064