Section 1: Section 1  Introduction and Readings 13 to 14


Lecture 1


01:27


This video gives an introduction to the Instructor and CFA review seris.


Lecture 2


00:53


Lecture 3


19:48


The student would be able to :  distinguish among types of markets;
 explain the principles of demand and supply;
 describe causes of shifts in and movements along demand and supply curves;
 describe the process of aggregating demand and supply curves;
 describe the concept of equilibrium (partial and general), and mechanisms by which markets achieve equilibrium;
 distinguish between stable and unstable equilibria, including price bubbles, and identify instances of such equilibria;
 calculate and interpret individual and aggregate demand, and inverse demand and supply functions, and interpret individual and aggregate demand and supply curves;
 calculate and interpret the amount of excess demand or excess supply associated with a nonequilibrium price;
 describe types of auctions and calculate the winning price(s) of an auction;
 calculate and interpret consumer surplus, producer surplus, and total surplus;
 describe how government regulation and intervention affect demand and supply;
 forecast the effect of the introduction and the removal of a market interference (e.g., a price floor or ceiling) on price and quantity;
 calculate and interpret price, income, and crossprice elasticities of demand and describe factors that affect each measure.


Lecture 4


13:48


The student would be able to :  describe consumer choice theory and utility theory;
 describe the use of indifference curves, opportunity sets, and budget constraints in decision making;
 calculate and interpret a budget constraint;
 determine a consumer’s equilibrium bundle of goods based on utility analysis;
 compare substitution and income effects;
 distinguish between normal goods and inferior goods and explain Giffen goods and Veblen goods in this context.

Section 2: Section 2 Reading 15 Demand and Supply Analysis: The Firm


Lecture 5


02:29


The student would introduced to :  calculate, interpret, and compare accounting profit, economic profit, normal profit, and economic rent;
 calculate and interpret and compare total, average, and marginal revenue;
 describe a firm’s factors of production;
 calculate and interpret total, average, marginal, fixed, and variable costs;
 determine and describe breakeven and shutdown points of production;
 describe approaches to determining the profitmaximizing level of output;
 describe how economies of scale and diseconomies of scale affect costs;
 distinguish between shortrun and longrun profit maximization;
 distinguish among decreasingcost, constantcost, and increasingcost industries and describe the longrun supply of each;
 calculate and interpret total, marginal, and average product of labor;
 describe the phenomenon of diminishing marginal returns and calculate and interpret the profitmaximizing utilization level of an input;
 determine the optimal combination of resources that minimizes cost.


Lecture 6


06:41


The student would be able to :  calculate, interpret, and compare accounting profit, economic profit, normal profit, and economic rent;
 calculate and interpret and compare total, average, and marginal revenue;


Lecture 7


02:33


The student would be able to :  describe approaches to determining the profitmaximizing level of output;
 describe how economies of scale and diseconomies of scale affect costs;
 distinguish between shortrun and longrun profit maximization.


Lecture 8


03:55


The student would be able to :  calculate and interpret total, average, marginal, fixed, and variable costs;
 calculate and interpret total, marginal, and average product of labor;
 describe the phenomenon of diminishing marginal returns and calculate and interpret the profitmaximizing utilization level of an input;


Lecture 9


06:31


The student would be able to :  describe a firm’s factors of production;


Lecture 10


09:41


The student would be able to :  describe approaches to determining the profitmaximizing level of output;
 describe the phenomenon of diminishing marginal returns and calculate and interpret the profitmaximizing utilization level of an input;
 determine the optimal combination of resources that minimizes cost.

Section 3: Section 3  Readings 16 to 18


Lecture 11


15:13


The student would be able to :  describe characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly;
 explain relationships between price, marginal revenue, marginal cost, economic profit, and the elasticity of demand under each market structure;
 describe a firm’s supply function under each market structure;
 describe and determine the optimal price and output for firms under each market structure;
 explain factors affecting longrun equilibrium under each market structure;
 describe pricing strategy under each market structure;
 describe the use and limitations of concentration measures in identifying market structure;
 identify the type of market structure within which a firm operates.


Lecture 12


19:59


The student would be able to :  calculate and explain gross domestic product (GDP) using expenditure and income approaches;
 compare the sumofvalueadded and valueoffinaloutput methods of calculating GDP;
 compare nominal and real GDP and calculate and interpret the GDP deflator;
 compare GDP, national income, personal income, and personal disposable income;
 explain the fundamental relationship among saving, investment, the fiscal balance, and the trade balance;
 explain the IS and LM curves and how they combine to generate the aggregate demand curve;
 explain the aggregate supply curve in the short run and long run;
 explain causes of movements along and shifts in aggregate demand and supply curves;
 describe how fluctuations in aggregate demand and aggregate supply cause shortrun changes in the economy and the business cycle;
 distinguish between the following types of macroeconomic equilibria: longrun full employment, shortrun recessionary gap, shortrun inflationary gap, and shortrun stagflation;
 explain how a shortrun macroeconomic equilibrium may occur at a level above or below full employment;
 analyze the effect of combined changes in aggregate supply and demand on the economy;
 describe sources, measurement, and sustainability of economic growth;
 describe the production function approach to analyzing the sources of economic growth;
 distinguish between input growth and growth of total factor productivity as components of economic growth.


Lecture 13


13:42


The student would be able to :  describe the business cycle and its phases;
 describe how resource use, housing sector activity, and external trade sector activity vary as an economy moves through the business cycle;
 describe theories of the business cycle;
 describe types of unemployment and measures of unemployment;
 explain inflation, hyperinflation, disinflation, and deflation;
 explain the construction of indices used to measure inflation;
 compare inflation measures, including their uses and limitations;
 distinguish between costpush and demandpull inflation;
 describe economic indicators, including their uses and limitations;


Lecture 14


19:31


The student would be able to :  compare monetary and fiscal policy;
 describe functions and definitions of money;
 explain the money creation process;
 describe theories of the demand for and supply of money;
 describe the Fisher effect;
 describe roles and objectives of central banks;
 contrast the costs of expected and unexpected inflation;
 describe tools used to implement monetary policy;
 describe the monetary transmission mechanism;
 describe qualities of effective central banks;
 explain the relationships between monetary policy and economic growth, inflation, interest, and exchange rates;
 contrast the use of inflation, interest rate, and exchange rate targeting by central banks;
 determine whether a monetary policy is expansionary or contractionary ;
 describe limitations of monetary policy;
 describe roles and objectives of fiscal policy;
 describe tools of fiscal policy, including their advantages and disadvantages;
 describe the arguments about whether the size of a national debt relative to GDP matters;
 explain the implementation of fiscal policy and difficulties of implementation;
 determine whether a fiscal policy is expansionary or contractionary;
 explain the interaction of monetary and fiscal policy.

Section 4: Section 4  Readings 19 to 21


Lecture 15


11:53


The student would be able to :  compare gross domestic product and gross national product;
 describe benefits and costs of international trade;
 distinguish between comparative advantage and absolute advantage;
 explain the Ricardian and Heckscher–Ohlin models of trade and the source(s) of comparative advantage in each model;
 compare types of trade and capital restrictions and their economic implications;
 explain motivations for and advantages of trading blocs, common markets, and economic unions;
 describe common objectives of capital restrictions imposed by governments;
 describe the balance of payments accounts including their components;
 explain how decisions by consumers, firms, and governments affect the balance of payments;
 describe functions and objectives of the international organizations that facilitate trade, including the World Bank, the International Monetary Fund, and the World Trade Organization.


Lecture 16


10:55


The student would be able to :  define an exchange rate and distinguish between nominal and real exchange rates and spot and forward exchange rates;
 describe functions of and participants in the foreign exchange market;
 calculate and interpret the percentage change in a currency relative to another currency;
 calculate and interpret currency crossrates;
 convert forward quotations expressed on a points basis or in percentage terms into an outright forward quotation;
 explain the arbitrage relationship between spot rates, forward rates, and interest rates;
 calculate and interpret a forward discount or premium;
 calculate and interpret the forward rate consistent with the spot rate and the interest rate in each currency;
 describe exchange rate regimes;
 explain the effects of exchange rates on countries’ international trade and capital flows.


Quiz 1


10 questions


Try and complete this quiz in less than 15% with atleast 80% accuracy 

Lecture 17

Bonus Lecture: Coupon codes and Access to free courses

00:40
