Economics is the social science that analyzes the production, distribution, and consumption of goods and services. The term economics comes from the Ancient Greek οἰκονομία (oikonomia, "management of a household, administration") from οἶκος (oikos, "house") + νόμος (nomos, "custom" or "law"), hence "rules of the house(hold)".[1] Political economy was the earlier name for the subject, but economists in the latter 19th century suggested 'economics' as a shorter term for 'economic science' that also avoided a narrow political-interest connotation and as similar in form to 'mathematics', 'ethics', and so forth. | Book 2 - Economics Readings and Learning Outcome Study Session 4 Economics Microeconomic Analysis. 10 Study Session 5 - Economics Market Structure and Macroeconomic Study Session 6 - Economics Monetary and Fiscal Economics. 151 Self-Test SCHWESERNOTES 2011 CFA LEVEL 1 BOOK 2 ECONOMICS 2010 Kaplan Inc. All rights reserved. Published in 2010 by Kaplan Inc. Printed in the United States of America. ISBN 978-1-4277-2741-1 1-4277-2741-4 PPN 3200-0064 If this book does not have the hologram with the Kaplan Schweser logo on the back cover it was distributed without permission of Kaplan Schweser a Division of Kaplan Inc. and is in direct violation of global copyright laws. Your assistance in pursuing potential violators of this law is greatly appreciated. Required CFA Institute disclaimer CFA and chartered Financial Analyst are trademarks owned by CFA Institute. CFA Institute formerly the Association for Investment Management and Research does not endorse promote review or warrant the accuracy of the products or services offered by Kaplan Schweser. Certain materials contained within this text are the copyrighted property of CFA Institute. The following is the copyright disclosure for these materials Copyright 2011 CFA Institute. Reproduced and republished from 2011 Learning Outcome Statements Level 1 2 and 3 questions from CFA Program Materials CFA Institute Standards of Professional Conduct and CFA Institute s Global Investment Performance Standards with permission from CFA Institute. All Rights Reserved. These materials may not be copied without written permission from the author. The unauthorized duplication of these notes is a violation of global copyright laws and the CFA Institute Code of Ethics. Your assistance in pursuing potential violators of this law is greatly appreciated. Disclaimer The Schweser Notes should be used in conjunction with the original readings as set forth by CFA Institute in their 2011
