The Firm and Market Structures (2023 Level I CFA® Exam – Economics – Module 2)

Описание: Understand Firm and Market Structures for the CFA Level I Economics module in this comprehensive video lesson by AnalystPrep. Learn how to identify, analyze, and differentiate between perfect competition, monopolistic competition, oligopoly, and pure monopoly.

You’ll learn to:

Describe the characteristics of different market structures

Explain the relationships between price, marginal revenue, marginal cost, and profit

Identify a firm’s supply function and determine its optimal price and output

Discuss pricing strategies and factors affecting long-run equilibrium

Use and interpret concentration measures like the Herfindahl-Hirschman Index (HHI)

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Level I CFA® Program Video Lessons offered by AnalystPrep
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Topic 2 – Economics
Module 2 – The Firm and Market Structures
0:00 Introduction and Learning Outcome Statements
1:03 LOS: describe characteristics of perfect competition, monopolistic competition, oligopoly, and pure monopoly
11:40 LOS: explain relationships between price, marginal revenue, marginal cost, economic profit, and the elasticity of demand under each market structure
18:37 LOS: describe a firm’s supply function under each market structure
21:07 LOS: describe and determine the optimal price and output for firms under each market structure
24:29 LOS: explain factors affecting long-run equilibrium under each market structure
27:58 LOS: describe pricing strategy under each market structure
28:44 LOS: describe the use and limitations of concentration measures in identifying market structure
31:29 LOS: identify the type of market structure within which a firm operates

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