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$25.00
Explore essential Economics concepts for Level I CFA® candidates. Review demand, supply, and market organization effectively.
The 2025 CFA® Program Prerequisite Reading Volume 2: Economics serves as a vital resource for candidates preparing for the Level I CFA® examination. This volume is specifically designed for those who may not have a strong foundation in Economics or who wish to review key concepts before diving into the more complex materials of the CFA® curriculum.
Understanding the basics of Economics is crucial for success in the CFA® Program. This book focuses on several fundamental topics that are essential for grasping the economic principles governing financial markets and investment strategies. Below is a summary of the key content covered in this volume:
| Topic | Description |
| Demand and Supply Analysis | Learn the principles of demand and supply, and how they influence market prices and consumer behavior. |
| Firm and Market Organization | Understand different types of market structures and how firms operate within them, including perfect competition and monopolies. |
| Aggregate Output and Economic Growth | Explore the factors that contribute to overall economic output and growth, including productivity and innovation. |
| Business Cycles | Examine the fluctuations in economic activity and how they impact investment decisions and market trends. |
| Monetary and Fiscal Policy | Discover the roles of government and central banks in regulating the economy through monetary and fiscal measures. |
| International Trade and Capital Flows | Understand the significance of trade between nations and the movement of capital across borders. |
| Currency Exchange Rates | Gain insights into how exchange rates are determined and their effects on international trade. |
It is important to note that the prerequisite readings, including this volume, are intended as introductory materials. They are not part of the official Level I curriculum but provide essential background knowledge to help candidates succeed. By familiarizing themselves with these topics, candidates will enhance their understanding and readiness for more advanced concepts encountered in the CFA® Program.
In conclusion, the 2025 CFA® Program Prerequisite Reading Volume 2: Economics is an indispensable tool for any Level I CFA® candidate. By dedicating time to study and comprehend the fundamentals outlined in this volume, candidates will equip themselves with the necessary knowledge to navigate the challenges of the CFA® examination with confidence.
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