Economics: Study Session 5
Study Session Materials
Complete List of CFA Program Readings
Topic Overview
Market Structure and Macroeconomic Analysis
This study session first compares and contrasts the different market
structures in which firms operate. The market environment influences the
price a firm can demand for its goods or services. Among the most
important of these market forms are monopoly and perfect competition,
although monopolistic competition and oligopoly are also covered.
The study session then introduces the macroeconomic concepts that have an impact on all firms in the same environment, be it a country, a group of related countries, or a particular industry. The readings explain the business cycle, and how to forecast changes in the business cycle and the impact on, among other things, price levels and profitability. The study session concludes by describing how an economy’s aggregate supply and aggregate demand are determined.
View learning outcome statements (LOS) for reading objectives.
Complete List of CFA Program Readings
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“Perfect Competition” Ch. 11, Economics, 7th edition, Michael Parkin (Pearson Addison-Wesley, South-Western, 2005) |
View LOS |
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“Monopoly” Ch. 12, Economics, 7th edition, Michael Parkin (Pearson Addison-Wesley, South-Western, 2005) |
View LOS |
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“Monopolistic Competition and
Oligopoly” Ch. 13, Economics, 7th edition, Michael Parkin (Pearson Addison-Wesley, South-Western, 2005) |
View LOS |
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“Demand and Supply in Factor Markets” Ch. 17, Economics, 7th edition, Michael Parkin (Pearson Addison-Wesley, South-Western, 2005) |
View LOS |
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“Monitoring Cycles, Jobs, and the Price Level” Ch. 22, Economics, 7th edition, Michael Parkin (Pearson Addison-Wesley, South-Western, 2005) |
View LOS |
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“Aggregate Supply and Aggregate Demand” Ch. 23, Economics, 7th edition, Michael Parkin (Pearson Addison-Wesley, South-Western, 2005) |
View LOS |