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CMA1.A2.a. define the term utility CMA1.A2.b. differentiate between total utility and marginal utility and show the difference between the two on a graph CMA1.A2.c. demonstrate an understanding of the law of diminishing marginal utility CMA1.A2.d. analyze the relationship of marginal utility theory to the demand curve and to the price elasticity of demand CMA1.A2.e. identify the point of utility maximization CMA1.A2.f. demonstrate an understanding of indifference curves, including the marginal rate of substitution and the consumer’s equilibrium position -
CMA1.A6.a. identify the controversies surrounding the issues of inflation, unemployment, and economic growth CMA1.A6.b. define the rate of inflation CMA1.A6.c. distinguish nominal from real income CMA1.A6.d. list the macroeconomic effects of inflation CMA1.A6.e. define demand-pull inflation and cost-push inflation CMA1.A6.f. define the unemployment rate CMA1.A6.g. identify and define the different types of unemployment, including frictional unemployment, structural unemployment, and cyclical unemployment CMA1.A6.h. explain full employment, including the concepts of the natural rate of unemployment and the economy’s potential output CMA1.A6.i. describe the macroeconomic effects of unemployment CMA1.A6.j. interpret the graphical representation of the trade-off between inflation and unemployment CMA1.A6.k. demonstrate an understanding of aggregate demand and aggregate supply both in the short run and long run, including the graphical representation of both CMA1.A6.l. define economic growth and explain why it is an economic goal CMA1.A6.m. interpret the production possibilities curve CMA1.A6.n. demonstrate an understanding of demand-side and supply-side policies as used to increase economic growth and identify the limitations of each CMA1.A6.o. determine the impact of demand-side and supply-side policies on a firm CMA1.A6.p. determine the impact of inflation on the demand for and price of a firm’s output CMA1.A6.q. determine the impact of inflation on the supply and cost of a firm’s factors of production
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CMA1.A4.a. identify the defining characteristics of pure competition, monopoly, monopolistic competition, and oligopoly CMA1.A4.b. differentiate the demand curve of an individual firm in a purely competitive market from the demand curve of the market itself CMA1.A4.c. identify, calculate, and graphically represent average, total, and marginal revenue for a firm in a purely competitive market CMA1.A4.d. identify and define the point of profit maximization for the purely competitive firm in the short-run CMA1.A4.e. identify, calculate, and graphically represent average, total, and marginal cost for a firm in a purely competitive market CMA1.A4.f. demonstrate an understanding of the short-run equilibrium price for the firm and for the industry in a purely competitive market CMA1.A4.g. demonstrate an understanding of profit maximization in the long run for the purely competitive firm CMA1.A4.h. identify, calculate, and graphically represent the demand, marginal revenue, and total revenue of a pure monopolist CMA1.A4.i. determine the point of profit maximization for a monopolist CMA1.A4.j. determine the economic consequences of monopoly CMA1.A4.k. identify and graphically represent the demand curve for a monopolistically competitive firm CMA1.A4.l. identify and define the point of profit maximization for a monopolistically competitive firm in the short run CMA1.A4.m. explain the long-run profit for a monopolistically competitive firm CMA1.A4.n. identify forms of non-price competition CMA1.A4.o. demonstrate an understanding of the kinked demand curve of an oligopoly CMA1.A4.p. predict the likely effects of boycotts and cartels on prices and output CMA1.A4.q. demonstrate an understanding of the factors impacting a firm in an oligopoly CMA1.A4.r. determine the impact of market structures on a firm
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السلام عليكم و رحمة الله وبركاتة انا بداءت مذاكرة بارت 1 ووصلت لحد price supportبس عندى سؤالين 1-عايزة مثال لان الحكومة ممكن تشترى منتج عشان تعمل توازن زى ماقال فى اخر نقطة 2- يعنى اية explict w implict و ياجماعة اى حد عايز يعرف اى حاجة فى الجزء اللى انا ذاكرتة دة انا تحت امركم -
عايز حد يشرحلى price elasticity لانى مش فاكرها خالص و حاسس انها مهمة اتمنى حد يقدر يفيدنى و شكرا مقدما
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CMA1.A7.a. define Gross Domestic Product (GDP) and demonstrate an understanding of its components CMA1.A7.b. calculate GDP using the expenditures approach and the income approach CMA1.A7.c. define Net Domestic Product (NDP), National Income (NI), Personal Income (PI), and Disposable Income (DI) CMA1.A7.d. distinguish among GDP, NDP, NI, PI, and DI and calculate one from another given relevant data CMA1.A7.e. demonstrate an understanding of the importance of GDP as a measure of a country’s economic prosperity CMA1.A7.f. identify the challenges inherent in the calculation of GDP, including data collection and accuracy limitations CMA1.A7.g. demonstrate an understanding of the price level and how it affects the measures of domestic output and national income CMA1.A7.h. define Consumer Price Index (CPI) CMA1.A7.i. differentiate between Nominal GDP and Real GDP CMA1.A7.j. demonstrate an understanding of the index of leading economic indicators as a forecast of GDP
