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Economics in CFA Level 1

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  • This topic has 8 replies, 2 voices, and was last updated Jul-17 by k10111v.
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    • k10111v
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      Forum Level 1 Summer Associate
      28 Jul 2017 at 1:11 pm
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      I wanted to know if the syllabus for Economics in Level 1 is the same as the one taught in a Economics 101 type of course?
      If not , are there any prerequisites for Economics in level 1 , If so then what are those prerequisites?
      Mathematics could be one but that’s OK , I want to know the others.

    • edulima
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      28 Jul 2017 at 1:21 pm
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      Hi @k10111v, I would say it’s more than Econ 101; that is, broader and deeper. It covers a lot of material, including Microecon (demand/supply, consumer demand, theory of the firm, market structure), Macroecon (aggregate output, business cycles, fiscal & monetary policy) and International Econ (trade, currency exchange). The level is also pretty deep in concepts, but no calculus is needed. I don’t think there’s a pre-requisite other than resilience in trying to understand all the material. Hope this helps!

    • k10111v
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      28 Jul 2017 at 1:25 pm
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      @edulima So what you mean is the Economics in Level 1 also covers every concept covered in Econ 101 , Econ in Level 1 is not beyond Econ 101 , but Econ 101 is a subset of Econ in Level 1?

    • edulima
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      28 Jul 2017 at 1:34 pm
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      Yes, I think that’s consistent with my thinking. Say, if you take Econ 101, then you have covered part of what’s needed in Level 1 Econ.

    • k10111v
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      28 Jul 2017 at 1:40 pm
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      @edulima It’s true the other way round also , Right? If I study Level 1 Econ , I automatically cover everything in Econ 101.
      The essence of me asking this is that I never took anything like Econ 101. So studying Level 1 Econ would the start off with the basics but will get broader and deeper? If this is the case it’s perfect for me.

    • edulima
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      28 Jul 2017 at 1:52 pm
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      Yes, by studying Level 1 Econ you can be sure to cover all of Econ 101. But if you only study Econ 101, you’ll need more to cover all of Econ Level 1. In other words, Econ 101 is a subset of Level 1 Econ.

    • k10111v
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      28 Jul 2017 at 2:01 pm
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      @edulima Thank you so much. Appreciate the patience you showed for a beginner like me. 🙂

    • edulima
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      28 Jul 2017 at 2:09 pm
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      No problem, @k10111v. Best of luck in your studies! I’m coming under fire tomorrow as I take Level 1 myself.

    • k10111v
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      28 Jul 2017 at 2:26 pm
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      All The Best @edulima . 🙂

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