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ECONOMICS FOR INVESTMENT DECISION MAKERS WORKBOOK … · ECONOMICS FOR INVESTMENT DECISION MAKERS WORKBOOK ... Learning Outcomes 3 Summary Overview 3 Practice Problems 5 ... Solutions

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Page 1: ECONOMICS FOR INVESTMENT DECISION MAKERS WORKBOOK … · ECONOMICS FOR INVESTMENT DECISION MAKERS WORKBOOK ... Learning Outcomes 3 Summary Overview 3 Practice Problems 5 ... Solutions

ECONOMICS FORINVESTMENT

DECISIONMAKERS

WORKBOOKMicro, Macro, and International Economic,

Christopher D. Piros, CF

Jerald E. Pinto, CFA

WILEY

Page 2: ECONOMICS FOR INVESTMENT DECISION MAKERS WORKBOOK … · ECONOMICS FOR INVESTMENT DECISION MAKERS WORKBOOK ... Learning Outcomes 3 Summary Overview 3 Practice Problems 5 ... Solutions

CONTENTS

Learning Outcomes, Summary Overview, and Practice Problems

CHAPTER 1Demand and Supply Analysis: Introduction 3Learning Outcomes 3Summary Overview 3Practice Problems 5

CHAPTER 2Demand and Supply Analysis: Consumer Demand 11

- -Learning Outcomes 11Summary Overview 11Practice Problems 12

CHAPTER 3Demand and Supply Analysis: The Firm 15Learning Outcomes 15Summary Overview 15Practice Problems , 16

CHAPTER 4The Firm and Market Structures 23Learning Outcomes 23Summary Overview 23Practice Problems 24

CHAPTER 5Aggregate Output, Prices, and Economic Growth 29Learning Outcomes 29Summary Overview 29Practice Problems 32

Page 3: ECONOMICS FOR INVESTMENT DECISION MAKERS WORKBOOK … · ECONOMICS FOR INVESTMENT DECISION MAKERS WORKBOOK ... Learning Outcomes 3 Summary Overview 3 Practice Problems 5 ... Solutions

vi * Contents

CHAPTER 6Understanding Business Cycles 39Learning Outcomes 39Summary Overview 39Practice Problems 41

CHAPTER 7Monetary and Fiscal Policy 45Learning Outcomes 45Summary Overview 45Practice Problems 47

CHAPTER 8International Trade and Capital Flows 53Learning Outcomes 53Summary Overview 53Practice Problems 55

CHAPTER 9Currency Exchange Rates 61Learning Outcomes 61Summary Overview 61Practice Problems 63

CHAPTER 10Currency Exchange Rates: Determination and Forecasting 67Learning Outcomes 67Summary Overview 68Practice Problems 71

CHAPTER 11Economic Growth and the Investment Decision 77Learning Outcomes 77Summary Overview 77 '•Practice Problems 79

CHAPTER 12Economics of Regulation 87Learning Outcomes 87Summary Overview 87Practice Problems 88

Page 4: ECONOMICS FOR INVESTMENT DECISION MAKERS WORKBOOK … · ECONOMICS FOR INVESTMENT DECISION MAKERS WORKBOOK ... Learning Outcomes 3 Summary Overview 3 Practice Problems 5 ... Solutions

Contents vii

Solutions

CHAPTER 1Demand and Supply Analysis: Introduction 93Solutions 93

CHAPTER 2Demand and Supply Analysis: Consumer Demand 97Solutions 97

CHAPTER 3Demand and Supply Analysis: The Firm 99Solutions 99

CHAPTER 4The Firm and Market Structures 101Solutions 101

CHAPTER 5Aggregate Output, Prices, and Economic Growth 103Solutions 103

CHAPTER 6Understanding Business Cycles 107Solutions 107

CHAPTER 7Monetary and Fiscal Policy 109Solutions 109 l

CHAPTER 8International Trade and Capital Flows 111Solutions 111

r

CHAPTER 9Currency Exchange Rates 115Solutions 115

CHAPTER 10Currency Exchange Rates: Determination and Forecasting 119Solutions 119

Page 5: ECONOMICS FOR INVESTMENT DECISION MAKERS WORKBOOK … · ECONOMICS FOR INVESTMENT DECISION MAKERS WORKBOOK ... Learning Outcomes 3 Summary Overview 3 Practice Problems 5 ... Solutions

viii Contents

CHAPTER 11Economic Growth and the Investment Decision 123Solutions 123

CHAPTER 12Economics of Regulation 127Solutions 127

About the CFA Program 129