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CFA Level 1 Economics
·
Module 10
Fiscal Policy and Macroeconomic Management
1
Understanding Fiscal Policy: Discretionary vs. Automatic
Define fiscal policy and distinguish between discretionary policy and automatic stabilizers.
2
Understanding the Fiscal Multiplier
Explain the fiscal multiplier and the factors that determine its size.
3
Fiscal Policy and Aggregate Demand
Analyze the effects of changes in government spending and taxation on aggregate demand.
4
Fiscal Balance and National Debt
Describe the relationship between fiscal deficits, surpluses, and the national debt.
Fiscal Policy: Pros & Cons for Economic Stabilization
Evaluate the arguments for and against using fiscal policy for economic stabilization.
6
Monetary and Fiscal Policy: Coordination and Conflict
Explain how monetary and fiscal policy can be coordinated or conflict.
Previous module
Money, Central Banking, and Monetary Policy
Next module
International Trade and Capital Flows