tailieunhanh - Lecture Economics for investment decision makers: Chapter 5 - CFA In stitute

Chapter 5 - Aggregate output, prices, and economic growth. This chapter calculate and explain gross domestic product (GDP) using expenditure and income approaches, compare the sum-of-value-added and value-of-final-output methods of calculating GDP, compare nominal and real GDP, and calculate and interpret the GDP deflator, | Chapter 5 Aggregate Output, Prices, and Economic Growth Presenter’s name Presenter’s title dd Month yyyy 1. Introduction The focus of this chapter is on macroeconomics, which is the theory and analysis of a nation’s income and output; competitive and comparative advantages; productivity of the labor force; price levels and inflation; and government and central bank actions. Macroeconomics enables understanding of the effect that a nation’s economy, government actions, and economic trends have on industries and companies. Copyright © 2014 CFA Institute 2 2. Aggregate output and income The aggregate output of an economy is the value of all the goods and services produced in a period of time (., one year or one quarter). The aggregate income of an economy is the value of all the payments earned by the suppliers of factors used in the production of goods and services in a period of time. Forms of payment include the following: Compensation to employees Rent (payment for the use of . | Chapter 5 Aggregate Output, Prices, and Economic Growth Presenter’s name Presenter’s title dd Month yyyy 1. Introduction The focus of this chapter is on macroeconomics, which is the theory and analysis of a nation’s income and output; competitive and comparative advantages; productivity of the labor force; price levels and inflation; and government and central bank actions. Macroeconomics enables understanding of the effect that a nation’s economy, government actions, and economic trends have on industries and companies. Copyright © 2014 CFA Institute 2 2. Aggregate output and income The aggregate output of an economy is the value of all the goods and services produced in a period of time (., one year or one quarter). The aggregate income of an economy is the value of all the payments earned by the suppliers of factors used in the production of goods and services in a period of time. Forms of payment include the following: Compensation to employees Rent (payment for the use of property) Interest (payment of the use of funds) Profit (return for the use of capital and the assumption of risk) The aggregate expenditure is the total amount spent on goods and services in an economy. Copyright © 2014 CFA Institute 3 LOS: Calculate and explain gross domestic product (GDP) using expenditure and income approaches. Pages 198–204 Note to the presenter: The purpose of this slide is to establish some of the definitions needed later in calculating and explaining GDP. 3 Gross domestic Product Gross domestic product (GDP) is the market value of all final goods and services produced within the economy in a period of time. Expenditures approach: The amount spent for all goods and services Income approach: Aggregate income earned by all households, companies, and the government within the economy Key elements of GDP: Represents all goods and services produced during the period Excludes transfer payments from the government (., welfare) Excludes capital gains Determined by being

• Kinh tế học
• Investment decision
• Economics for investment decision
• Fiscal policy
• Business cycles
• Aggregate output
• Economic growth
• Managerial decision making
• Judgment in managerial decision making
• Decision making
• Common investment mistakes
• Poor investment decisions
• Investment decisions
• Enterprises' investment decision
• Industrial parks in Vietnam
• Investment decision of enterprises
• Investment capital of enterprises
• Economic growth rate
• Supply model
• Supply analysis
• Consumer demand
• Demand analysis
• Market structures
• Firm structures
• External trade sector activity
• Monetary policy
• International trade
• Capital flows
• Foreign exchange market
• Economics of regulation
• Financial markets
• Summary of Doctoral dissertation
• Investment decision under uncertainty
• The case of carbon taxation
• Developing countries
• Capital budgeting as a tool of management decision making
• National investment bank limited
• Management decision making
• Long term effect
• The firm’s value
• The Dissertation of Economics
• Doctoral thesis summary
• The impact of the investment environment
• Small and medium enterprises
• Investment decision of the business
• Foreign direct investment
• Foreign ownership
• Multinational enterprises
• Export decision
• Large Turkish firms
• Export decision relationship
• Summary of PhD Dissertation
• Determinants of Vietnamese enterprises
• Outward direct investment decision
• The case of Cambodia
• Foreign Investment Agency
• Decision Rules
• project risk
• project risk analysis
• evaluation of investment projects
• corporate finance
• investment
• Financial management
• Decision makers
• Financial planning
• Interpreting financial statements
• Making capital investment decisions
• Integrated resort attractions
• Key factors
• Analytic hierarchy process
• Bayesian Network Methods
• Innovation decision making
• R&D investment’ choice
• Cognitive management of executives’ discretion
• Understanding manager decision making