The economics background investors need to interpret global
economic news distilled to the essential elements: A tool of choice
for investment decision-makers.
Written by a distinguished academics and practitioners selected
and guided by CFA Institute, the world's largest association
of finance professionals, Economics for Investment Decision
Makers is unique in presenting microeconomics and
macroeconomics with relevance to investors and investment analysts
constantly in mind. The selection of fundamental topics
is comprehensive, while coverage of topics such as international
trade, foreign exchange markets, and currency exchange rate
forecasting reflects global perspectives of pressing investor
importance.
* Concise, plain-English introduction useful to investors and
investment analysts
* Relevant to security analysis, industry analysis, country
analysis, portfolio management, and capital market strategy
* Understand economic news and what it means
* All concepts defined and simply explained, no prior background
in economics assumed
* Abundant examples and illustrations
* Global markets perspective
Autorentext
CHRISTOPHER D. PIROS, PhD, CFA, is the Managing Director of Investment Strategy and Chairman of the Investment Policy Committee at Hawthorn, a member of the PNC Financial Services Group, Inc., which is dedicated to serving the needs of individuals and families with investable assets in excess of $20 million. Prior to joining PNC, Mr. Piros served on the team responsible for the curriculum underlying the Chartered Financial Analyst® designation. He also has served as Director of Investment Strategy & Portfolio Management at Prudential Investments LLC, the wealth management services arm of Prudential Financial. He was a global fixed-income portfolio manager and head of fixed-income quantitative analysis at MFS Investment Management.
JERALD E. PINTO, PhD, CFA, is Director, Curriculum Projects, in the education division of the CFA Institute. Prior to joining CFA Institute, he consulted with corporations, foundations, and partnerships in investment planning, portfolio analysis, valuation, and quantitative analysis. Pinto also worked in the investment and banking industries in New York, and taught finance at NYU Stern School of Business. He holds an MBA from Baruch College, a PhD in finance from the Stern School, and is a member of CFA Virginia.
CFA INSTITUTE is a global, not-for-profit organization comprising the world's largest association of investment professionals. With over 100,000 members, and regional societies around the world, CFA Institute is dedicated to developing and promoting the highest educational, ethical, and professional standards in the investment industry. CFA Institute offers a range of educational and career resources, including the Chartered Financial Analyst (CFA) and the Certificate in Investment Performance Measurement (CIPM) designations, and is a leading voice on global issues of fairness, market efficiency, and investor protection.
Klappentext
Written by a team of distinguished academics and finance practitioners and guided by CFA Institute, the world's largest association of finance professionals, Economics for Investment Decision Makers fills you in on all the economics terms, concepts, principles, and practices investment professionals need to know to interpret global economic news and make the most informed investment decisions.
Now this companion workbook/study guide delivers the review and practice exercises needed to solidify your understanding of the micro- and macro-economic realities that drive the global economy and shape the markets. Closely paralleling the main book, chapter by chapter, it contains challenging problems—with complete solution sets—along with summary overviews and learning outcome statements.
Topics reviewed include:
- Supply and demand
- Market structures
- Monetary and fiscal policy
- International trade and capital flows
- Business cycles
- Currency exchange rates and rate forecasting
- Systemic risk
- Debt and liquidity
- Consumer confidence
- Regulatory policies
Zusammenfassung
The economics background investors need to interpret global economic news distilled to the essential elements: A tool of choice for investment decision-makers.
Written by a distinguished academics and practitioners selected and guided by CFA Institute, the world's largest association of finance professionals, Economics for Investment Decision Makers is unique in presenting microeconomics and macroeconomics with relevance to investors and investment analysts constantly in mind. The selection of fundamental topics is comprehensive, while coverage of topics such as international trade, foreign exchange markets, and currency exchange rate forecasting reflects global perspectives of pressing investor importance.
- Concise, plain-English introduction useful to investors and investment analysts
- Relevant to security analysis, industry analysis, country analysis, portfolio management, and capital market strategy
- Understand economic news and what it means
- All concepts defined and simply explained, no prior background in economics assumed
- Abundant examples and illustrations
- Global markets perspective
Inhalt
PART I Learning Outcomes, Summary Overview, and Practice Problems
CHAPTER 1 Demand and Supply Analysis: Introduction 3
Learning Outcomes 3
Summary Overview 3
Practice Problems 5
CHAPTER 2 Demand and Supply Analysis: Consumer Demand 11
Learning Outcomes 11
Summary Overview 11
Practice Problems 12
CHAPTER 3 Demand and Supply Analysis: The Firm 15
Learning Outcomes 15
Summary Overview 15
Practice Problems 16
CHAPTER 4 The Firm and Market Structures 23
Learning Outcomes 23
Summary Overview 23
Practice Problems 24
CHAPTER 5 Aggregate Output, Prices, and Economic Growth 29
Learning Outcomes 29
Summary Overview 29
Practice Problems 32
CHAPTER 6 Understanding Business Cycles 39
Learning Outcomes 39
Summary Overview 39
Practice Problems 41
CHAPTER 7 Monetary and Fiscal Policy 45
Learning Outcomes 45
Summary Overview 45
Practice Problems 47
CHAPTER 8 International Trade and Capital Flows 53
Learning Outcomes 53
Summary Overview 53
Practice Problems 55
CHAPTER 9 Currency Exchange Rates 61
Learning Outcomes 61
Summary Overview 61
Practice Problems 63
CHAPTER 10 Currency Exchange Rates: Determination and Forecasting 67
Learning Outcomes 67
Summary Overview 68
Practice Problems 71
CHAPTER 11 Economic Growth and the Investment Decision 77
Learning Outcomes 77
Summary Overview 77
Practice Problems 79
CHAPTER 12 Economics of Regulation 87
Learning Outcomes 87
Summary Overview 87
Practice Problems 88
PART II Solutions
CHAPTER 1 Demand and Supply Analysis: Introduction 93
Solutions 93
CHAPTER 2 Demand and Supply Analysis: Consumer Demand 97
Solutions 97
CHAPTER 3 Demand and Supply Analysis: The Firm 99
Solutions 99
CHAPTER 4 The Firm and Market Structures 101
Solutions 101
CHAPTER 5 Aggregate Output, Prices, and Economic Growth 103
Solutions 103
CHAPTER 6 Understan…