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@simply_complex2‌
I’d recommend you first understand conceptually the differences and what implications they have. Then working practice problems will drill home the differences.
Our Fixed Income video lessons are available free on Youtube. Here’s the playlist for the ones covering duration and convexity:
http://youtu.be/RKs-QY5a-SQ?list=PLJnX_Qm2u8ejGu99qRve2Qe7duov47Oj3
We also sell exam prep for the actuarial exams, which are very equation heavy. For the FM exam you get 3 hours to answer 35 questions. We’ve found that for most people, working practice problems is far more effective for memorizing equations than techniques like flashcards. Our Adapt Exam Engine is the gold standard for practice for actuaries. You can find conversations online about Adapt, like this one on Reddit:
http://www.reddit.com/r/actuary/comments/2j1ibe/fm_exam_october_2014_sitting_thread/
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