InsidersChoice to CFA 2007 level I certification / The candidate's guide to Chartered Financial Analyst learning outcome statements / authors, Jane Vessey, M. Afdal Pamilih ; contributing author, David Stewart.

Format:

Book

Author/Creator:

Vessey, Jane.

Vessey, Corporate Author.

Pamilih, M. Afdal., Author.

Stewart, David., Author.

Contributor:

Center for Financial Certification, Inc.

Language:

English

Subjects (All):

Investment advisors--Certification.

Investment advisors.

Investment analysis--Examinations--Study guides.

Investment analysis.

Portfolio management--Examinations--Study guides.

Portfolio management.

Physical Description:

1056 p. : ill.

Edition:

1st ed.

Other Title:

Insiders Choice to CFA 2007 level I certification

CFA 2007 level I certification

Candidate's guide to Chartered Financial Analyst learning outcome statements

Place of Publication:

Friendswood, TX : TotalRecall Publications, c2006.

Language Note:

English

Contents:

CFA 2007 Level I

About the Book:

How to Use FinancialExams Study Notes:

Online Information to Know:

The 18 2007 CFA Level I Study Sessions breakout is as follow

2007 CFA Level I Study and Examination Program Textbook:

Preface

Practice Questions and Answers

CFA Program

Requirements

Before the Exam

Study Program

CFA Institute Exam Rules

Taking the Exam

On the Exam Day

Terminology you must know to take the exam.

STUDY SESSION 1

Ethical and Professional Standards

Overview

Reading Assignments

1 Code of Ethics and Standards of Professional Conduct

Learning Outcome Statements (LOS)

Introduction

Standard I: Professionalism

Standard II: Integrity of Capital Markets

Standard III: Duties to Clients

Standard IV: Duties to Employers

Standard V: Investment Analysis, Recommendations, and Action

Standard VI: Conflicts of Interest

Standard VII: Responsibilities as a CFA Institute Member or

1 Concept Check Questions

1 Concept Check Answers

2 Guidance for Standards I - VII

2 Concept Check Questions

2 Concept Check Answers

3 Introduction to the (GIPS®) Global Investment Performance

4 Global Investment Performance Standards (GIPS®)

Composites

Verification

GIPS objectives

Compliance

3 and 4 Concept Check Questions

3 and 4 Concept Check Answers

STUDY SESSION 2

Quantitative Methods: Basic Concepts

Overview.

Reading Assignments

5 The Time Value Of Money

Interest rate and risk

Future value and present value of a single sum

Stated and effective annual interest rates

Value of money for periods other than annual

Series of cash flows (annuities)

Time lines

5 Concept Check Questions

5 Concept Check Answers

6 Discounted Cash Flow Applications

Net Present Value (NPV)

Internal rate of return

Measuring portfolio returns

6 Concept Check Questions

6 Concept Check Answers

7 Statistical Concepts and Market Returns

Statistics

Measures of central tendency

1. Mean

2. Median

3. Mode

4. Harmonic mean

Measures of dispersion

Chebyshev's inequality

Coefficient of variation

Symmetric and skewed distributions

Kurtosis

Semi-logarithmic scale

7 Concept Check Questions

7 Concept Check Answers

8 Probability Concepts

Random variables

Calculating probabilities

General rule of multiplication

General rule of addition

Covariance

Correlation

Bayes' formula

Multiplication rule of counting

The general formula for labeling problems

Combination formula

Permutation formula

8 Concept Check Questions

8 Concept Check Answers

STUDY SESSION 3

Quantitative Methods: Applications

9 Common Probability Distributions

Probability distributions

Binomial distributions

Binomial probability distribution

Mean and variance of binomial random variables

Binomial trees

Continuous uniform distribution

Normal distribution

Lognormal distributions.

9 Concept Check Questions

9 Concept Check Answers

10 Sampling and Estimation

Sampling

Central limit theorem

Estimating a population parameter

Confidence intervals

Student's t - distribution

Confidence intervals for the population mean

Biases impacting on data selected

10 Concept Check Questions

10 Concept Check Answers

11 Hypothesis Testing

Hypothesis testing

Choice of test

Tests for means of two different groups

Paired comparison tests

Testing for variance

Differences between variances

11 Concept Check Questions

11 Concept Check Answers

12 Correlation and Regression

Scatter plots

12 Concept Check Questions

12 Concept Check Answers

STUDY SESSION 4

Economics: Microeconomic Analysis

13 Elasticity

Price Elasticity of Demand

Cross elasticity of demand

Income elasticity of demand

Elasticity of Supply

13 Concept Check Questions

13 Concept Check Answers

14 Efficiency and Equity

Marginal benefit

Marginal cost

Efficiency

Fairness

14 Concept Check Questions

14 Concept Check Answers

15 Markets in Action

Short-run and long-run supply

Minimum wages

Taxes

Subsidies

Quotas

Markets for illegal goods

15 Concept Check Questions

15 Concept Check Answers

16 Organizing Production

Opportunity cost

Economic profit

Constraints

Production efficiency

Production systems

Business organizations

Concentration.

16 Concept Check Questions

16 Concept Check Answers

17 Modern Macroeconomics: Monetary Policy

Technological constraint

Short-run cost

Long-run cost

17 Concept Check Questions

17 Concept Check Answers

18 Stabilization Policy, Output and Employment

Perfect competition

Maximizing profit

Supply curves

Permanent change in demand

18 Concept Check Questions

18 Concept Check Answers

19 Monopoly

Monopoly

Entry barriers

Price strategies

Single-price monopoly

Price-discriminating monopoly

Monopolies also have potential benefits:

19 Concept Check Questions

19 Concept Check Answers

20 Monopolistic Competition and Oligopoly

Monopolistic competition

Product development and marketing

Oligopoly

Oligopoly games

20 Concept Check Questions

20 Concept Check Answers

STUDY SESSION 5

21 Demand and Supply in Factor Markets

Labor Markets

Capital Markets

Demand curve for capital

Incomes

21 Concept Check Questions

21 Concept Check Answers

22 Monitoring Cycles, Jobs, and the Price Level

The business cycle

The labor force

Aggregate hours

Types of unemployment

Consumer Price Index (CPI)

22 Concept Check Questions

22 Concept Check Answers

23 Aggregate Supply and Aggregate Demand

Aggregate supply

Aggregate demand

Equilibrium

Macroeconomic schools of thought

23 Concept Check Questions.

23 Concept Check Answers

24 Money, Banks, and the Federal Reserve

Money

Depository institutions

Creating money

U.S. Fed

24 Concept Check Questions

24 Concept Check Answers

25 Money, Interest, Real GDP, and the Price Level

Demand for money

Interest rates

Short-run effects of money

Quantity theory of money

25 Concept Check Questions

25 Concept Check Answers

26 Inflation

Effects of inflation

Phillips curve

26 Concept Check Questions

26 Concept Check Answers

27 Fiscal Policy

Potential GDP

Supply side

Generational accounting

Business cycle

Automatic stabilizers

27 Concept Check Questions

27 Concept Check Answers

28 Monetary Policy

The Fed's goals

Price stability

Aggregate demand shocks

Aggregate supply shocks

McCallum Rule

28 Concept Check Questions

28 Concept Check Answers

STUDY SESSION 6

Economics: Global Economic Analysis

29. Gaining from International Trade

Gains from international trade

Trade restrictions

29 Concept Check Questions

29 Concept Check Answers

30 International Finance

Balance of payments

Current account

Capital account

Official settlement account

Exchange rates

Fed intervention

30 Concept Check Questions

30 Concept Check Answers

31 Foreign Exchange

Bid-ask spreads

Forward exchange rates.

Forward premiums and discounts.

Notes:

Digitized and made available by: Books24x7.com.

"Practice exam provided by The Center for Financial Certification, Inc., Friendswood, Texas."

Includes bibliographical references.

ISBN:

1-59095-932-9

OCLC:

765136385

Publisher Number:

9781590959299