CFA Latest CFA Level 1 Discussions Need some tips on study techniques for L1 Economics!!!

Need some tips on study techniques for L1 Economics!!!

  • This topic has 5 replies, 3 voices, and was last updated Apr-18 by rsparks.
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    • Muneera
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      Hello Everyone!

      At first, hope all are doing great!

      I know many of you be busy preparing for upcoming June exam. So i wouldn’t want to take much of your time.

      I just needed to know if anybody could help me out with L1 economics? I’m finding the content too overwhelming. Feels like i will never finish on time!!! :s
      I’ve just registered for Dec’15 exam and thought would start with Economics as i always liked it in my undergrad. I’m using the technique to read and understand a topic/reading 1st and then making summarized notes on it so that i may not forget. But then now looking at the content of it really scaring me off as there is so much of theory !! And one more thing is that am using the eBook, not the hard copy.

      So can anybody plz help me with any better or modified study techniques? I feel that only reading and understanding the content alone maynot help me as i might forget them at the end of every topic/reading.

      Much needed help.

      Thanks in advance!

      Oh…yes….all the best to all the June candidates! 🙂

    • googs1484
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      I’m a June candidate. I’m 415 hrs of study in and just finished my first official practice paper.  Scored a 75%. Economics is tough for me as well although I seem to get decent scores I feel uncomfortable and feel like I’m guessing at times.  Repetition is key, Muneera. Studying isn’t science. Find the average study time it takes candidates to pass then adust that figure according to your abilities.  Ppl say 300 hrs, I say yaaa right. I’ll be over 500 by the end of this.  

    • Muneera
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      Thank u @googs1484 for ur feedback! Much appreciated.
      I guess ur right about 415hrs. Looking at the volume i feel 300 hours may not be enough…at least for me when i have 2 kids to take care of too. 😀

    • googs1484
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      I’m at 440 of study hours now. Took 3 practice papers up til today and finished all in under 3 hours.  Scoring 75%, 75.83% and 85% respectively.

    • googs1484
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      Oh and it was Schwesers volume 1 practice exams

    • rsparks
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      I did a whole degree in economics (albeit 7yrs ago) and I struggled at times. Of course, the terminology will get a lot of non-econ majors as well. elan’s econ video on YouTube helped me. They key is to do a lot of questions for each area as well. 

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