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CFA Level 1 Economics
·
Module 6
Measuring the Macroeconomy
1
Understanding and Calculating GDP
Define Gross Domestic Product (GDP) and calculate it using the expenditure and income approaches.
2
Nominal vs. Real GDP & the GDP Deflator
Distinguish between nominal GDP and real GDP and calculate the GDP deflator.
3
CPI vs. GDP Deflator
Define the Consumer Price Index (CPI) and distinguish it from the GDP deflator.
4
Understanding Unemployment: Types and Definitions
Define unemployment and distinguish between frictional, structural, and cyclical unemployment.
5
Understanding the Natural Rate of Unemployment
Explain the concept of the natural rate of unemployment.
6
Inflation, Disinflation, and Deflation Defined
Define inflation, disinflation, and deflation.
Previous module
Market Structures: Monopoly and Oligopoly
Next module
Economic Growth and the AD-AS Model