China Intermediate Economist - independent subject foundations study guide
China Intermediate Economist - independent subject foundations · Work through your exam, one topic at a time.
This independent study page provides practice for China Intermediate Economist - independent subject foundations. Its editorial learning areas include Choice, markets and elasticity; National accounts, money and fiscal reasoning; Economic data, indices and statistical reasoning; Bank intermediation, credit and operational foundations; Financial statements, assets, inventory and cash-flow models; Financial appraisal, financing and conditional valuation models. The China Intermediate Economist - independent subject foundations study guide has 6 sections and about 6,015 words.
01Choice, markets and elasticity
Independent economic foundations connect scarce resources, competing uses, opportunity cost and positive versus normative reasoning. Numerical examples below supply their own fictional assumptions; no official paper weighting or regional curriculum equivalence is claimed.
1,380 words, about 7 min02National accounts, money and fiscal reasoning
Aggregate models connect circular flows, national-account measures, real versus nominal values and macroeconomic objectives. Use the supplied data and accounting conventions rather than treating a country example as current official statistics.
1,298 words, about 6 min03Economic data, indices and statistical reasoning
Begin by identifying the variable, unit, time period, population and comparison being made. A total, a per-person amount, a percentage share and a rate of growth answer different questions.
506 words, about 3 min04Bank intermediation, credit and operational foundations
A bank connects funding, payments, credit and other financial services. Deposits are obligations of the bank to customers, while loans are assets whose contractual collections remain subject to default, delay and restructuring.
447 words, about 2 min05Financial statements, assets, inventory and cash-flow models
You must prepare a trading account, profit and loss account and balance sheet from a trial balance, adjusting for accruals, prepayments, depreciation, bad debts, provisions and inventory. The exam rewards correct structure and correct treatment of adjustments.
1,945 words, about 10 min06Financial appraisal, financing and conditional valuation models
Financial appraisal compares alternatives under a stated objective, time horizon and set of assumptions. A profit figure and a cash flow are not interchangeable.
439 words, about 2 min