CFA CFA Level 1 Level 1 Studying by Topics

Level 1 Studying by Topics

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    • BobBarkerPlaysPlinko
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      Is it advisable to study the topics in the order of the study material (ethics, CF, Econ, …Fixed Income, PMWP), or is a blended approach not going to kill you?

    • Sophie Macon
      Keymaster
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      I went for chronological – didn’t see a reason why there needs to be of particular order at that time… I recall some 300HC members did them differently – any suggestions people?

    • Zee Tan
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      I vote chronological too. There is just too much risk (at least with me) of accidentally skipping topics.

    • edulima
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      I’m going chrono… although I expect to move faster through some of the topics with which I have more familiarity. My “go” date is July 8 when I return from vacation, and I put together a weekly schedule which I hope is not too aggressive (especially because I decided not to buy Schweser and will instead cover the CFAI books + AnalystNotes qbank) – if I can keep on track I should have 4 to 6 weeks for final reviews, mock exams, etc.

    • FranckMengue
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      I first bought Schweser to measure the depth and volume of informations to absoub and I started with economics (before I noticed that will surely be my weakest point) . I am completing a new work plan to go chrono… I need to gather much more confidence before facing eco & quantitative methods

    • Snippy
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      I suggest the chronological order too.

    • microeconomist
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      @FranckMengue My very first macro prof was a bit unconventional. Before he would get into a specific model, he would tell us to clear our desks (no writing); then draw the model on the board. Even if it took the entire class period, he would describe the model in detail while we had our eyes closed…until you couldn’t help but memorize it. Sounds funny, but I used that technique in every econ/stat class I had for the next 3 years and it really worked –Hope that helps!

    • Sophie Macon
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      That’s some interesting method @microeconomist, thanks for sharing!

    • edulima
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      Indeed an amazing technique, @microeconomist, I am very interested and would love to try this out. I wonder if there is some variation of it that you can try when self-studying… Also, when do you add the “visual” aspect of the learning (for those who are more “visual” than “listening”). And finally, when you say you used this for every econ/stat class thereafter, did it matter that the profs may not necessarily have done the class in a similar way as your unconventional prof?

    • microeconomist
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      @edulima Thank you for asking, I am happy to share. For subsequent econ/stat classes, I would draw part of the model, say for instance axis labels & curves, on a blank sheet of paper. After visualizing this first phase, I would slowly add the critical points and notation until I could hold the image in my mind and flat out draw it at will.

      For me, the key is (1) breaking the model into 2-3 phases and (2) not being in a rush. After doing this enough times you will realize that the initial phases of many micro/macro models are similar.

      A simple one to start with is: en.wikipedia.org/wiki/File:Laffer-Curve.svg. For practice, use adequality notation (local max) for the last phase.

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