ECONOMICS FOR TODAY
COMPREHENSIVE EXAMINATION TEST
VERIFIED QUESTIONS AND ACCURATE
ANSWERS
●● Who are the authors of the workbook?
Answer: Christopher D. Piros, CFA and Jerald E. Pinto, CFA.
●● What are the two main parts of the workbook?
Answer: Part I contains learning outcomes, chapter summaries, and
practice problems; Part II provides complete solutions to all practice
problems.
●● What key features does the workbook offer?
Answer: Concise summaries of core economic concepts, learning
outcomes aligned with CFA curriculum, comprehensive practice
problems, and complete solutions.
●● What economic areas does the workbook cover?
Answer: Microeconomics, macroeconomics, and international
economics.
●● Is prior economics knowledge required to use this workbook?
, Answer: No, no prior economics background is required.
●● What is the role of the CFA Institute?
Answer: It is a global, not-for-profit organization for investment
professionals, administering the Chartered Financial Analyst (CFA)
Program.
●● What is the structure of each chapter in Part I of the workbook?
Answer: Each chapter includes Learning Outcomes, a Summary
Overview, and Practice Problems.
●● What topics are covered in Chapter 1?
Answer: Demand and supply fundamentals, market equilibrium,
auctions, consumer/producer surplus, and price elasticities.
●● What concepts are explored in Chapter 2?
Answer: Consumer choice theory, utility theory, indifference curves,
budget constraints, and the demand function.
●● What does Chapter 3 analyze?
Answer: Firm costs, production, cost minimization, breakeven, and
economies of scale.
●● What market structures are reviewed in Chapter 4?
COMPREHENSIVE EXAMINATION TEST
VERIFIED QUESTIONS AND ACCURATE
ANSWERS
●● Who are the authors of the workbook?
Answer: Christopher D. Piros, CFA and Jerald E. Pinto, CFA.
●● What are the two main parts of the workbook?
Answer: Part I contains learning outcomes, chapter summaries, and
practice problems; Part II provides complete solutions to all practice
problems.
●● What key features does the workbook offer?
Answer: Concise summaries of core economic concepts, learning
outcomes aligned with CFA curriculum, comprehensive practice
problems, and complete solutions.
●● What economic areas does the workbook cover?
Answer: Microeconomics, macroeconomics, and international
economics.
●● Is prior economics knowledge required to use this workbook?
, Answer: No, no prior economics background is required.
●● What is the role of the CFA Institute?
Answer: It is a global, not-for-profit organization for investment
professionals, administering the Chartered Financial Analyst (CFA)
Program.
●● What is the structure of each chapter in Part I of the workbook?
Answer: Each chapter includes Learning Outcomes, a Summary
Overview, and Practice Problems.
●● What topics are covered in Chapter 1?
Answer: Demand and supply fundamentals, market equilibrium,
auctions, consumer/producer surplus, and price elasticities.
●● What concepts are explored in Chapter 2?
Answer: Consumer choice theory, utility theory, indifference curves,
budget constraints, and the demand function.
●● What does Chapter 3 analyze?
Answer: Firm costs, production, cost minimization, breakeven, and
economies of scale.
●● What market structures are reviewed in Chapter 4?
