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Associate Level – Business Economics
5 sections available · 33 chapters available
Free Associate Level – Business Economics study notes for HKICPA QP (Hong Kong CPA) students. Each chapter covers a key topic with examples and practice prompts you can continue inside the thinka app.
Explain the Features of Economic Environment and Define Economic Concepts
Principal features of the economic environment
Scarcity and choice
Opportunity cost
Marginal analysis
Apply the Fundamental Principles of Microeconomic Theory
Different types of economy
Types of goods and services produced
Demand, supply and market equilibrium
Behaviour of consumer demand
Theory of production and costs
Market and economic efficiency, market failure and public policies
Market structures and profit maximization strategies
Apply the Fundamental Principles of Macroeconomic Theory
Circular flow of income
Key macroeconomic data
Consumption, savings, investment, capital formation and government spending
Nature and functions of money
Money supply and demand
Business cycle
Fiscal and monetary policies
Absolute and comparative advantages and gains from trade
Free trade and protectionism
Exchange rates, balance of payments and international trade
Explain the Key Concepts of Statistical Analysis
Descriptive statistics
Inferential statistics
Random variables
Samples versus population; statistics versus parameters
Cross-section versus time series data
Sampling techniques
Apply Techniques of Statistical Analysis
Measures of central tendency and dispersion
Probability distribution, standard error and confidence intervals
Hypothesis testing
Index numbers
Components of time series
Frequency tables and analysis of grouped and ungrouped data
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